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Ethereum Classic is a cryptocurrency that represents a continuation of the original Ethereum blockchain, staying true to its roots after a significant split in 2016. It emerged as the original version of Ethereum, maintaining the principle of immutability where blockchain records remain unaltered.
This coin is available on Newton.
The split, known as a hard fork, occurred after the infamous DAO hack, which created divisions within the Ethereum community about reversing fraudulent transactions. Ethereum Classic came into existence for those who believed "code is law," rejecting changes to the blockchain's history.
Ethereum Classic includes a decentralized platform that allows developers to create smart contracts and dApps. Its native currency, ETC, is used for transactions, paying fees, and incentivizing miners within the network.
Like many cryptocurrencies, Ethereum Classic is valued in the broader crypto market based on its utility, adoption, and market capitalization. With a limited number of coins available, ETC's scarcity adds to its appeal for investors and users.
Although smaller in total market size than Ethereum, Ethereum Classic holds a unique position as the unaltered version of Ethereum. Its supporters appreciate its focus on security, decentralization, and historical integrity.
Ethereum Classic works by using blockchain technology to secure transactions and execute smart contracts without intermediaries. It operates through a proof-of-work (PoW) consensus mechanism where miners validate transactions and add them to the blockchain.
The Ethereum Classic blockchain allows developers to build decentralized applications, providing a secure and transparent environment for various use cases. Its "code is law" philosophy ensures that once a smart contract is deployed, it cannot be altered.
Miners on the network are rewarded with a block reward in ETC for their efforts in maintaining and securing the blockchain. These incentives play a crucial role in the network's smooth operation and its resistance to attacks.
Ethereum Classic makes decentralization and immutability its core strengths, ensuring that the network remains resistant to censorship and fraud. This sets it apart from other versions of Ethereum, including the main Ethereum network.
In the crypto market, Ethereum Classic is recognized for its consistency and commitment to preserving the original vision of blockchain technology. Its reliability and transparency attract users who value these principles.
Ethereum Classic is a decentralized cryptocurrency that operates as an open-source blockchain platform. Here are its key features:
Ethereum Classic and Ethereum are two separate cryptocurrencies that originated from the same blockchain but have taken different paths. Here are their differences:
Ethereum Classic markets are platforms where traders buy and sell ETC, operating on decentralized networks. Here's how they work:
Ethereum Classic's price history reflects its evolution in the cryptocurrency world. Here's a look at its journey:
Ethereum Classic makes it possible to create decentralized applications (dApps) across industries, ranging from finance and healthcare to gaming and supply chain. Its smart contracts provide a secure and trustless way to automate processes and agreements.
The Ethereum Classic blockchain allows developers to tokenize assets, representing real-world items like property or commodities on the blockchain. This opens up new opportunities for trading, ownership, and investment.
In decentralized finance (DeFi), Ethereum Classic includes tools for lending, borrowing, and exchanging digital assets without relying on traditional banks. These use cases demonstrate its potential to transform financial systems.
Beyond finance, Ethereum Classic is valuable for ensuring transparency in supply chains, tracking goods, and reducing fraud. Businesses can leverage the blockchain for secure and verifiable transaction records.
Despite its smaller market capitalization compared to Ethereum, Ethereum Classic is a cryptocurrency with a dedicated community and practical applications. Its focus on security and decentralization keeps it relevant in the evolving crypto market.
Ethereum Classic came into existence in 2016 after the DAO hack, a major event where millions of dollars were stolen due to a vulnerability in Ethereum's code. This incident split the Ethereum community, with one group deciding to reverse the hack and another choosing to preserve the blockchain's immutability.
The group that rejected altering the blockchain continued the original version of Ethereum, which became Ethereum Classic. This decision reflected their commitment to "code is law," emphasizing that blockchain records should remain unchanged.
Since its creation, Ethereum Classic has faced challenges, including multiple 51% attacks, but it has persevered with updates to improve security and functionality. Its development has been guided by a community that values decentralization and resistance to censorship.
Ethereum Classic is valued as a cryptocurrency that maintains its historical integrity while supporting modern blockchain applications. It offers the same fundamental features as Ethereum, such as smart contracts and dApps, but with a different governance approach.
Over time, Ethereum Classic has grown into a respected part of the crypto market, appealing to those who prioritize its philosophy and functionality. Its history highlights the diversity and adaptability within the blockchain space.
Ethereum Classic news can directly impact its market price and investor sentiment. Here's what to consider:
Ethereum Classic is built on a decentralized computing platform that operates without a central authority. Here's what it means:
The current price of Ethereum Classic is influenced by a combination of factors. Here's what to know:
Ethereum Classic can be stored in a secure wallet. Wallets protect your cryptocurrency from theft while giving you control over your funds. Whether you use a hardware wallet or a regulated platform like Newton, make sure it’s secure and trusted. Understanding circulating supply trends and market insights is key to long-term success.
Ethereum Classic uses the proof-of-work consensus mechanism and does not currently support staking. While Ethereum transitioned into staking opportunities through Ethereum 2.0, Ethereum Classic maintains its proof-of-work protocol for consensus and network security.
Ethereum Classic is accepted by many online merchants for goods and services. This decentralized payment option removes third-party interference while ensuring fast and secure transactions. If you’re looking to spend your Ethereum Classic, you’ll find a growing number of online platforms accepting this cryptocurrency as payment.
One of the most impressive features of Ethereum Classic is its ability to transfer funds with minimal fees and lightning-fast speeds. Sending Ethereum Classic to another wallet is simple and affordable, providing an easy way to engage in peer-to-peer transactions without intermediaries.
Non-profits and charities are increasingly welcoming Ethereum Classic as a form of donation. Contributing through Ethereum Classic is straightforward and entirely decentralized. All you need to do is send your donation to their wallet address, and your contribution will go directly to their cause without intermediaries.
Diversification is essential, and swapping Ethereum Classic for other cryptocurrencies allows you to do just that. Any Canadian exchanges that support ETC swapping make it simple to swap Ethereum Classic for Bitcoin, Litecoin, or other cryptocurrencies. It’s a seamless way to adjust your portfolio while keeping track of market trends.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Ethereum Classic directly can be tempting, but it comes with risks. Peer-to-peer trades are usually unregulated and leave you vulnerable to scams, fraud, and unverified sellers. It's a lot safer to rely on trusted, regulated crypto platforms instead. Avoid unnecessary risks and stick to platforms that prioritize user protection.
The best way to buy Ethereum Classic in Canada is through a regulated cryptocurrency platform like Newton. They offer a simple and secure way to buy, sell, and trade cryptocurrencies. You can fund your account with Canadian dollars using convenient options such as Interac e-Transfer or wire transfer. This makes it easier than ever to access Ethereum Classic securely along with 70+ other assets.
Newton provides some of the most competitive rates in Canada, helping you get the most value for your trade without incurring high fees.
Your safety is Newton’s priority. With multi-factor authentication (MFA), anti-phishing measures, and trusted device management, Newton provides a safe space for all your trades.
Newton makes it affordable to buy and sell ETC, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Whether you prefer trading on your desktop or mobile device, Newton is accessible anytime, anywhere. Track prices, check trends, and make trades from your device with just a few clicks.
Newton’s interface is beginner-friendly and intuitive, allowing you to monitor your portfolio and execute trades with ease—no technical knowledge required.
Newton was designed specifically for Canadian users. That means you can rely on a platform that understands Canadian needs while maintaining safety, compliance, and convenience.
First, sign up for Newton, one of the most trusted cryptocurrency platforms in Canada. Newton is beginner-friendly, secure, and regulated, ensuring that your journey into Ethereum Classic is safe and seamless.
Once your Newton account is active, the next step is to add Canadian dollars to your account. Newton offers easy payment options like Interac e-Transfer and wire transfer, which are quick, affordable, and secure.
With funds in your Newton account, find Ethereum Classic (ETC) on the trading dashboard. Newton makes it easy to monitor the current prices and market trends so you can make informed trading decisions.
On the Newton platform, locate Ethereum Classic in the available cryptocurrencies. Ethereum Classic represents the decentralized blockchain network that split from Ethereum, offering its own unique features and utility.
Decide how much Ethereum Classic you want to buy. Whether you’re looking to make a small investment or a significant purchase, Newton allows you to enter either a CAD amount or the corresponding amount in Ethereum Classic.
After entering the amount, review your transaction details and confirm. Newton processes transactions quickly, so within minutes, your Ethereum Classic will be in your account and ready for use.
One of the most common ways to store Ethereum Classic is through digital wallets. Wallets offer full control over your cryptocurrency but come with the risk of losing access if you lose your private keys. Always back up your keys securely.
You can keep your ETC right in your Newton account without hassle! Newton offers secure storage options for your Ethereum Classic. Newton uses advanced security measures like multi-factor authentication to ensure your funds stay protected without requiring you to manage private keys directly.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Ethereum Classic, please see our Asset Statement.
