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Home Crypto Cheat Sheets

Crypto Cheat Sheets: Ethereum Classic (ETC)

by admin

January 7, 2018

in Crypto Cheat Sheets

Ethereum Classic Crypto Cheat Sheets

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Overview: Ethereum Classic (ETC) has a unique history and series of events that led to its creation. In a nutshell, Ethereum Classic was a hard fork of the regular Ethereum blockchain that came about due to the major hacking of TheDAO and its smart contract in June 2016. The Ethereum Foundation’s initial response was to implement a soft fork, but it too was also hit by security vulnerabilities. After intense debating, the Foundation decided to implement a hard fork at Block 1920000. At Block 1920001, Ethereum Classic came into being. However, Ethereum Classic continued to bring controversy with issuing a Declaration of Independence.

Circulating Supply: 99.94 Million ETC

Mineable: Yes

Website(s):

https://ethereumclassic.github.io

Whitepaper:

https://ethereumclassic.github.io/assets/etc-thesis.pdf

Video:

Disclosure: Spotlight Growth’s Crypto Cheat Sheets are not meant to be an endorsement or recommendation to invest or trade in the respective cryptocurrency mentioned above. They are meant strictly for information and entertainment purposes only. Please consider the risks and extremely speculative nature of cryptocurrencies before investing, which may not be suitable for all individuals. Spotlight Growth has no personal or business connections to any of the cryptocurrencies or their respective companies. However, the owner may have positions within one or more of the crypto coins mentioned for purposes of speculation or investment. For those that are active within crypto space, Spotlight Growth would like to remind you to exercise financial responsibility. PSA: These are very interesting and exciting times, but it is not recommended to take out additional mortgage, loan, liquidate 401K, utilize credit cards, etc. in order to participate within these markets. Please view SEC website for more details to consider: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11