When it comes to Ethereum Classic, things are a bit different than they are with other cryptocurrencies. For one, this is a fork of the original Ethereum blockchain. What that means is that when the Ethereum network hard forked back in 2016, those who disagreed with the fork kept the original blockchain going – and that’s what we now know as Ethereum Classic. Because it’s a fork, it shares a lot of similarities with Ethereum. In fact, if you take a look at the two blockchains, you’ll see that they’re almost identical. The main difference is that on the Ethereum Classic blockchain, there’s no DAO hack.
For those who don’t know, the DAO hack was when someone exploited a flaw in the code of the Decentralized Autonomous Organization (DAO) on the Ethereum network and stole around $50 million worth of Ether. The hard fork was implemented to get rid of the DAO and return the stolen funds to their rightful owners – but not everyone agreed with this decision. Those who disagreed kept the original blockchain going, which is now known as Ethereum Classic. So, what does all of this mean for Ethereum Classic? Well, because it’s a fork of Ethereum, it has all of the same features and benefits. That includes smart contracts, decentralized applications (dApps), and more. It also has a strong development team behind it and a growing community. All of these factors make Ethereum Classic a strong cryptocurrency – but what about its price? .
Well, currently, one ETC is worth around $8.50. That’s not a bad price considering its current market capitalization is just over $1 billion. And considering that Bitcoin – which is currently the world’s most popular cryptocurrency – has a market cap of over $100 billion, there’s definitely room for Ethereum Classic to grow.
Of course, predicting prices is always difficult – especially in the volatile world of cryptocurrency. But if things go well for ETC, there’s no reason why it couldn’t reach prices of $100 or even $1,000 per coin in the future. Only time will tell though – so we’ll just have to wait and see what happens!.