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# 1st Gen Model Ethereum Classic

$17.97 Last close price
at 19-nov-2017

ETCUSD

Model's trade recommendations No return for period yet

8062.19B Network hashes per second

97.27M Total coins mined

ETCUSD

Model (following trade recommendations)

ETCUSD

Underlying stock

S&P 500

Index
Return for period
70.82%
1.78%
52wk return
2006.68%
16.82%
52wk Range
0.74—22.42
2000.54—2399.63
  • Ethash Algoritnm
  • PoW Proof type

Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.

The Ethereum Classic mission statement is:

"We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone."

Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/

In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.

Difficulty adjustment 1 block
Block reward reduction -
Time to mine a block 15.0
Block reward 5.0