Curious about the current Ethereum Classic price? On this page we share the latest Ethereum Classic news and give tips on buying Ethereum Classic. You’ll also find the latest Ethereum Classic price forecast from our experts.
Buy Ethereum Classic | The best Ethereum Classic Exchanges
Do you want to buy Ethereum Classic? Then there are several websites where you can do this. Above you will find the best exchanges to buy- or sell Ethereum Classic. Bitvavo is one of the largest exchanges in the Netherlands and our favorite because of its user-friendliness and convenience. Conveniently, Bitvavo allows you to pay with iDEAL. This way you immediately have Ethereum Classic at your disposal and you can buy and sell from the wallet on the website. A transaction at Bitvavo is subject to a maximum trading fee of 0.25%.
You can buy Ethereum Classic at Bitvavo by logging into your account, or creating an account at www.bitvavo.com. You can then transfer euros to your Bitvavo wallet using one of 8 payment methods. Users can use iDEAL and Bancontact, among others. Euros are then transferred directly to the account. Bitvavo allows you to exchange euros for Ethereum Classic next. You can then trade the currency, keep it and use it as a means of payment or easily sell it when it has risen. Read more below about the different pros and cons and the new developments going on with Ethereum Classic.
A complete explanation about Ethereum Classic | What is Ethereum Classic?
The history of Ethereum Classic has its origins in the cryptocurrency Ethereum, which was initially introduced by Vitalik Buterin, the man who founded Bitcoin Magazine. The idea for Ethereum originated in late 2013 and on July 30, 2015, the network was launched.
However, in June 2016, an extremely unpleasant incident occurred. A bug was found in the software code of an autonomous wealth management investment platform. This vulnerability allowed hackers to siphon off more than a third of all assets with a total value of $50 million.
Ethereum’s management struggled with how to return invested capital to investors to resolve this incident. As a solution and to secure money in the future, the developers and founders of the platform decided to change the blockchain and return the stolen money, a move that not everyone was happy about. Some believed that the blockchain should remain unchanged and secure.
As a result of the division, the platform underwent a hard fork, invalidating the corrupt transactions and creating a new blockchain model. Two new projects have now emerged from the original Ethereum: Ethereum Classic and Ethereum. The supporters of Ethereum Classic continued to mine coins based on the old blockchain, while others began working on the new one that resulted from the hard split. Remarkably, each investor’s capital doubled during the split, so many old users continued to use both platforms.
The pro’s and cons of Ethereum Classic
The platform is designed to create and develop new open source applications. The project is inferior in scale to the original Ethereum, and to some extent this is an advantage, especially for application developers who choose to work on the platform.
Intervention in the blockchain is an issue, however. In Ethereum’s main network, the blockchain can change. If adjustments are needed, a vote is taken and the blockchain is adjusted. For Ethereum Classic, the blockchain cannot be changed. The developers of the Ethereum Foundation operated the original Ethereum at the initiative of the network users themselves. But that is not how Ethereum Classic is structured. Decisions in it are discussed by community members and development managers.
There are some other differences with Ethereum. For example, Ethereum Classic has a higher bandwidth. It can process up to 25 transactions per second, unlike Ethereum, which has a speed of 15 transactions per second. And Ethereum Classic is much easier to mine than Ethereum because it doesn’t require extremely high computing power. A good computer with a modern video card will do.
The price prediction of Ethereum Classic for 2021 till 2025 | Ethereum CLassic Forecast
From its first appearance, the coin became quite widely accepted in the cryptocurrency community. It can be easily bought or sold on all popular cryptocurrency exchanges. And recently, ETC Labs introduced a development team that will start improving Ethereum Classic’s core projects, developing tools for decentralized application development and support for blockchain services.
These changes will have a positive impact on stability and provide the foundation for ETC’s growth. At the beginning of 2021, we can say that the Ethereum Classic team has now chosen the right strategy, of which immutability of blockchain, transparency and technology development are among the important focal points. These key values are the key to a future price increase of Ethereum Classic.
Ethereum Classic is quite dynamic and sensitive to large movements in the cryptocurrency market. The development team is actively working on the product, regularly updating the roadmap, publishing announcements about upcoming changes, and paying attention to user opinions. That approach should have a positive impact on the future success and value of Ethereum Classic.
Hence, according to crypto experts, the future of Ethereum Classic is promising. Ethereum Classic is truly a project to keep an eye on.
Ethereum Classic Price | Now and in the future
The Ethereum Classic price has experienced strong growth in recent times. Currently, Ethereum Classic can be found in the top 50 largest cryptocurrencies coins in the world. At the time of writing, Ethereum Classic has a market value of over 1 billion Dollars, a market value that is still rising strongly.
There are 116,313,299 Ethereum Classic coins in circulation, most of which are traded on the Binance exchange. On the Binance exchange it is also possible to keep an eye on the most current price of Ethereum Classic.
In recent times Ethereum Classic has often been in the news in a positive way, this has had a positive influence on the Ethereum Classic price and price. Thus, many hold it for the long term.
To stay up to date with the most current Ethereum Classic price, we recommend that you keep a close eye on this page. Here you will find, among other things, an Ethereum Classic price chart that shows the history of the price Ethereum Classic.
The market cap of Ethereum Classic in comparison to Bitcoin is still small, which can mean that the price can still rise a lot when the market value increases. The maximum number of ETC that will be released is 210 million.
The latest Ethereum Classic news and price expectations
Every month we try to bring you up to date with the latest current news surrounding Ethereum Classic. So that you can have a better idea of the ETC expectation over the long term. It’s good to be aware of the price, but it’s more important to be aware of the latest developments, roadmap and other things going on. This way you can better anticipate the Ethereum Classic price forecast of 2021, 2022 and beyond. You can see the current Ethereum Classic price below.