How does Ethereum classic work?Ī point that the Ethereum Classic community strives for is a commitment to the decentralized principle of governance. And now, Guarda wallet helps investors to work with Ethereum Classic.
Thus, 2 currencies ETH and ETC appeared on the network. As a result, there was a community split that branched out and created a new Ethereum. This led to a loss of $50 million in Ethereum. The split happened in 2016 after a hacker found a hole in the project's code. When was Ethereum Classic created?Įthereum Classic is the result of the separation of the Ethereum network. The block rate on Ethereum is 13 sec, unlike Ethereum Classic, which shows approximately the same figures. The average commission per transaction in Ethereum is 0.0026 ETH, and 0.0001 ETC in Ethereum Classic. With Proof of Stake consensus, the production of new Ethereum coins is ensured by minting. Miningĭue to the fact that Ethereum Classic is based on the Proof of Work consensus algorithm, the production of new coins is done through mining. Ethereum's aggregate supply volume corresponds to its circulating stock and is continuously changing as block developers release new coins.Įthereum Classic's supply limit is 210,700,000 coins. Therefore, its maximum quantity is no longer limited by the mining process.
Difference between ETH and ETC? Coins supplyĮthereum has now switched to the Proof of Stake consensus algorithm.
0 kommentar(er)
