ETC
Ethereum Classic
ETC

Ethereum Classic price

in EUR
€13.01
-- (--)
EUR
Last updated on --.
Market cap
€2.01B #22
Circulating supply
154.13M / 210.7M
All-time high
€155.61
24h volume
€78.80M
Rating
3.7 / 5
ETCETC
EUREUR

About Ethereum Classic

Ethereum Classic (ETC) is a cryptocurrency that emerged from the original Ethereum blockchain, maintaining its core principles of decentralization and immutability. It operates on a proof-of-work (PoW) consensus mechanism, similar to Bitcoin, ensuring security through mining. ETC is often seen as a 'digital gold' alternative within the Ethereum ecosystem, appealing to those who value unaltered blockchain history and resistance to centralized changes. Its primary use cases include secure transactions, smart contracts, and as a store of value. Ethereum Classic's resilience and commitment to its original vision make it a unique player in the crypto space, especially for users prioritizing transparency and censorship resistance.
AI insights
Layer 1
Proof of Work
Official website
Block explorer
CertiK
Last audit: Jun 8, 2021, (UTC+8)

Ethereum Classic issuer risk

Please take all and any precaution and be advised that this crypto-asset is classified as a high-risk crypto-asset. This crypto-asset lacks a clearly identifiable issuer or/and an established project team, which increases or may increase its susceptibility to significant market risks, including but not limited to extreme volatility, low liquidity, or/and the potential for market abuse or price manipulation. There is no absolute guarantee of the value, stability, or the ability to sell this crypto-asset at preferred or desired prices.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Ethereum Classic’s price performance

Past year
-23.45%
€17.00
3 months
-25.28%
€17.41
30 days
-17.31%
€15.74
7 days
-4.15%
€13.57

Ethereum Classic on socials

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WE'RE TIRED OF WINNING MR. PRESIDENT!!!
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The cost of rollbacks and the value of security redundancy: historical lessons in on-chain security The core advantage of blockchain lies in its immutability and automated execution. However, history shows that in the face of significant security crises, blockchains sometimes have to make compromises—through rollbacks and chain forks. Rollbacks rewrite parts of the ledger's history; when community consensus crumbles under pressure, forks often occur. The most famous case is the 2016 DAO incident, during which 3.6 million ETH were stolen. To address this security breach, the Ethereum community executed a hard fork, effectively rolling back the blockchain, which led to the creation of ETH and ETC. This move salvaged users' funds, but at what cost? It profoundly undermined the principle of decentralized autonomy. Every instance of human intervention weakens community trust and raises questions about the neutrality and objectivity of the blockchain. Bitcoin also experienced a brief rollback due to vulnerabilities in its early days, but since then, the ecosystem has avoided such measures as much as possible. The blockchain trilemma highlights the fundamental contradiction between decentralization, security, and scalability. As the degree of decentralization increases, coordinating governance or rollbacks becomes more challenging, while security requires robust mechanisms and multi-party audits. In reality, true blockchain rollbacks are extremely rare, typically only occurring in the most catastrophic system-level events—and each rollback is accompanied by governance friction, operational complexity, and ethical controversies. However, most on-chain operations do not provide such backup options. If critical governance proposals, protocol upgrades, or treasury transfers are compromised, the losses are often irreversible. This is why multi-signature wallets and permission distribution tools are so prevalent. Nevertheless, historical experience shows that even multi-signature solutions can fail under coordinated attacks and social engineering, exposing single points of failure. #Timelock addresses this flaw by introducing a time buffer for each critical on-chain operation. All high-risk operations are not executed immediately but must go through a mandatory notification, review, and explicit confirmation period. This artificially designed delay ensures that stakeholders, community members, and security systems have the opportunity to detect and respond to anomalies before irreversible changes occur. Even in extreme cases, this time window can determine whether there is a total loss or a controllable recovery. Compared to the costly and controversial chain rollback processes, the Timelock approach shifts blockchain security from passive emergency response to proactive, human prevention.
〔Timelock〕
〔Timelock〕
The Cost of Rollbacks and the Value of Security Redundancy: Historical Lessons for On-Chain Safeguards Immutability and automated execution are at the core of blockchain’s promise. Yet, history shows that when faced with major security crises, blockchains have sometimes had to compromise—through rollback and chain splits. A rollback rewrites part of the ledger’s history; a fork often emerges when community consensus breaks down under stress. The most well-known case is the 2016 DAO incident, where 3.6 million ETH was stolen. To address the breach, the Ethereum community executed a hard fork, effectively rolling back the chain and giving birth to both ETH and ETC. This move salvaged user funds, but at what cost? It profoundly shook the principles of decentralized self-governance. Each instance of human intervention chips away at community trust and raises questions about blockchain’s neutrality and objectivity. Bitcoin, too, experienced a brief rollback in its early days due to a bug, but since then, the ecosystem has avoided such measures whenever possible. The blockchain trilemma highlights the fundamental tension between decentralization, security, and scalability. As decentralization increases, coordinating governance or rollbacks becomes more challenging, while security demands robust mechanisms and multi-party auditing. In practice, true blockchain rollbacks are rare, reserved for only the most catastrophic, system-wide incidents—each one fraught with governance friction, operational complexity, and ethical controversy. Yet most on-chain operations offer no such fallback. If a crucial governance proposal, protocol upgrade, or treasury transfer is compromised, the loss is usually irreversible. This is why multisig wallets and permission-distributing tools are prevalent. Still, history has shown that even multisig solutions can fail under coordinated attack and social engineering, exposing single points of failure. #Timelock addresses this gap by introducing a temporal time buffer for every critical on-chain operation. Instead of instant execution, all high-stakes actions are subject to a mandatory period for notification, review, and explicit confirmation. This engineered delay ensures stakeholders, community members, and security systems have the opportunity to detect and respond to anomalies before irreversible changes occur. Even in extreme cases, this window can mean the difference between total loss and controlled recovery. In contrast to the costly and controversial process of chain rollbacks, Timelock’s approach transforms blockchain security from passive emergency response to proactive, engineered prevention.
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TraderS | 缺德道人
TraderS | 缺德道人
Whether it is bulls or bears, it is the exchanges that survive at the top of the currency pyramid, especially the top exchanges
OKX中文
OKX中文
#OKX The 36th reserve proof report has been released! For three years, transparency has remained unchanged. 💎 Covering 22 cryptocurrencies, with reserve ratios all exceeding 100%. 👏 The total reserves of BTC, ETH, USDT, and USDC reach 35.4 billion USD. ✅ Safe and transparent, witnessing the power of trust for three years. Query link:
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Ethereum Classic FAQ

There is no staking infrastructure on Ethereum Classic as the blockchain favors a mining-based system for validating transactions. Hence, it is only possible to stake ETC if a third-party solution offers staking or yield-generating services for ETC. For instance, you can earn interest when you subscribe to the ETC staking plans on OKX Earn, available in both flexible and fixed terms.

Unlike Ethereum, which has no supply limit, ETC supply is limited to 210.7 million tokens. This is because ETC has adopted a deflationary approach where the scarcity of tokens over time is expected to drive up ETC prices.

The emission reduction schedule of ETC initiates after 5 million blocks have been added to the blockchain. The upcoming block reward reduction will occur sometime in the third quarter of 2024.

Easily buy ETC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include ETC/USDT, ETC/USDC and ETC/BTC.

You can also buy ETC with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for ETC with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into ETC, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Ethereum Classic is worth €13.01. For answers and insight into Ethereum Classic's price action, you're in the right place. Explore the latest Ethereum Classic charts and trade responsibly with OKX.
Cryptocurrencies, such as Ethereum Classic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ethereum Classic have been created as well.
Check out our Ethereum Classic price prediction page to forecast future prices and determine your price targets.

Dive deeper into Ethereum Classic

Ethereum Classic is a decentralized smart contract-enabled network that aims to become a global payment system. Originating from the Ethereum (ETH) network, Ethereum Classic uses the Proof of Work (PoW) consensus mechanism and supports decentralized applications (dApps).

Ethereum Classic emerged after a split of the original Ethereum blockchain due to a 2016 attack on the first-ever decentralized autonomous organization (DAO), dubbed The DAO. The attacker exploited a flaw in The DAO's code and made off with $50 million worth of ETH at the time.

In the aftermath of the attack, 97 percent of the Ethereum community voted to create a hard fork to undo the malicious transactions and restore the blockchain to its pre-hack state. The hard fork, therefore, bailed out the victims of the attack.

Although a vast majority voted for the hard fork, a few community members disagreed due to philosophical and ideological differences. They argued that blockchains should be immutable, meaning that transactions cannot be reversed, upholding the "code is law" ethos.

After the hard fork, the old Ethereum chain was supposed to be phased out, but those who disagreed with the fork kept the network alive. This led to the genesis of Ethereum Classic, with ETC as its native token. Although ETH and ETC initially shared several similarities, the two networks have grown far apart regarding technological features.

Like Ethereum before its transition to Proof of Stake (PoS), Ethereum Classic utilizes the PoW consensus mechanism that Bitcoin first introduced. PoW enables a miner-based validation and emission system where participants are incentivized to confirm that new transactions do not contradict or invalidate the data existing on the blockchain.

In addition to the peer-to-peer (P2P) transactions that Ethereum Classic enables, it also offers smart contract functionality. As such, it is possible to host tokens and build dApps on the ETC blockchain. In other words, applications launched on Ethereum Classic can issue and manage their native tokens. This system is similar to the Ethereum blockchain.

ETC functions as the payment currency of the blockchain. It can be used to pay for fees, particularly when executing smart contract-enabled applications or transferring Ethereum Classic-based tokens. ETC also anchors the mining economy of the Ethereum Classic ecosystem. The network rewards miners with ETC whenever they add a block of transactions to the blockchain.

ETC price and tokenomics

Unlike most cryptocurrencies, ETC did not emerge via a public sale or other means of crypto funding. Instead, it was created due to a changing Ethereum landscape that birthed two independent blockchains.

After the split, the Ethereum Classic decided to implement some core changes in the emission system of ETC as part of the plans to solidify its status as an independent blockchain. After reaching a consensus on implementing an ETC monetary policy, the development team launched the Gotham update in December 2017. This update put a cap on the supply of ETC.

While there was no official maximum limit for ETC's total supply before the Gotham update, its implementation restricted the number of ETC that can exist to 210.7 million tokens. Also, the emission rate of ETC was modified such that the block reward reduces by 20 percent at every 5 million block intervals.

This move established ETC as a deflationary asset. The emission rate is designed to shrink over time in the hopes that its supply will gradually fall below the demand and boost the token's value.

The ETC emission reduction protocol implemented the first block reward slash on the same day the network deployed the Gotham update. As a result, the block reward awarded to miners was reduced from 5 ETC to 4 ETC.

In March 2020, the second ETC reduction event slashed block reward by another 20 percent to 3.2 ETC. In April 2022, another 20 percent block reward slashing (from 3.2ETC to 2.56 ETC) was implemented. Based on the 5 million block emission schedule, the next reward reduction event will occur in 2024.

About the founders

Ethereum Classic is the sister blockchain to Ethereum, as they both originate from the Ethereum blockchain initially launched in 2015.

In 2016, following the establishment of Ethereum's smart contract functionality, a protocol named The DAO emerged as the first-ever decentralized autonomous organization. The DAO was supposed to allow participants to pool capital and jointly decide on the projects they would support.

Due to the novelty of The DAO and the perceived viability of its use case, it raised $150 million worth of ETH during its crowdsourcing campaign. Unfortunately, there was a vulnerability in The DAO's smart contract.

Following the security incident that threatened the reputation of the original Ethereum blockchain, a majority of Ethereum developers and stakeholders opted to move to a forked or upgraded blockchain where the hack's impact would be eliminated. However, some miners and users decided to stay on the original Ethereum blockchain, which later transformed into the Ethereum Classic network.

Market cap
€2.01B #22
Circulating supply
154.13M / 210.7M
All-time high
€155.61
24h volume
€78.80M
Rating
3.7 / 5
ETCETC
EUREUR
Easily buy Ethereum Classic with free deposits via SEPA