Assets, Ethereum

How Is Ethereum Classic Calculated?

Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external manipulation and censorship.

NOTE: WARNING: Calculating Ethereum Classic (ETC) can be a complex process. It is important to understand the underlying mechanics of the Ethereum Classic network and its associated protocols before attempting to calculate the value of ETC. If you do not understand these protocols, it is recommended that you seek help from qualified professionals in order to properly calculate the value of ETC.

Ethereum Classic is a public, open-source, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

Ethereum Classic also provides a value token called “classic ether”, which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC.

As of March 2018, Ethereum Classic has a market capitalization of US$4.35 billion and US$632 million worth of classic ether tokens were traded on cryptocurrency exchanges in the same month.

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