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Ethereum Classic (ETC) is the 19th most valuable cryptocurrency on the market which as of today has a $640 Million market cap. It is the continuation of the original Ethereum blockchain. It has a current supply of 110,162,001 ETC and the max supply that will ever be mined is at 210,000,000 ETC.
A Bit of History
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. The system went live on 30 July 2015, with 11.9 million eth coins "premined" for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original Ethereum continues as Ethereum Classic (ETC).
What is Ethereum Classic?
See the Ethereum page for more information.
How Is Ethereum Classic different from Ethereum?
Ethereum Classic (ETC) runs on the same protocol as Ethereum doing a similar function, but it does have some distinct differences in its community. The 10% or so people from the original Ethereum are relatively in the shadows and are loyal to the concept of the immutable ledger.
Ethereum (ETH), on the other hand, is more like a software company that wants to grow and could possibly have more hard forks in the future. The leaders of the ETH community are far more public in nature than those in the ETC world. ETH primarily has value due to a mix of the speculator market, but more so due to its use of case scenarios and community support. The Ethereum Alliance, for example, consists of billion-dollar firms such as Accenture, JP Morgan, Microsoft, and UBS. This support, in turn, has added credit to ETH over ETC.
If one was going to compare ETC and ETH to cars then ETC would be a slower armored vehicle while ETH is a fast sports car. With ETC you know that you are investing in a trustworthy and decentralized blockchain that does not compromises on its values.
It can be argued that both ETH and ETC have some distinct strengths and weaknesses, but the power largely rests with ETH as it has a market cap of roughly $18 billion, whereas ETC has one of around $0.6 billion at the time of writing of this article.