| NAME | CHAIN | PROTOCOL | APY | TVL |
|---|---|---|---|---|
| NVT-ETC | NULS | nerveswap | 0.01% | $23,064.00 |
Why let your ETC stagnate when you can dynamically grow your wealth? With Nimbus, you gain access to meticulously curated yield farming opportunities tailored specifically for yourETC portfolio. It's time to elevate your crypto strategy and amplify your ETC earnings!
ETC yield farming is more than just a trend; it's a strategic move to maximize gains. By participating inETC-based decentralized finance (DeFi) protocols, you provide liquidity and receive attractive yields. Nimbus takes the complexity out of the process, guiding you to the most rewarding opportunities within theETC ecosystem.
Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
Ethereum Classic is in fact the legacy chain of Ethereum, and its true creator is therefore the original Ethereum founder — Vitalik Buterin. A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack. This impacted The DAO, a decentralized autonomous organization (DAO) which had raised approximately $150 million in an initial coin offering (ICO) several months earlier. Ethereum Classic came into being as the network which did not revert the chain. Developers state that there is no “official” team attached to the project, and that its “global development community is a permissionless 'do-ocracy,' where anyone can participate.”
Ethereum Classic’s unique attributes are a combination of the following features: * Proof-of-Work: ETC is a will remain as a proof-of-work blockchain which is the most secure consensus mechanism known to man. * Sound money: ETC is digital gold because it is a proof of work blockchain, thus the cost ti produce the money is the same as the cost to produce the blocks, and it has a fixed monetary policy with a supply cap of 210,700,000. * Programmability: ETC is programmable with smart contracts making it much more versatile and useful than other simpler cryptocurrency chains such as Bitcoin or Litecoin. * Full replication: ETC is most secure because it is fully replicated across all nodes of the network. Where other smart contract blockchains are implementing “sharding”, “parachains”, or “sidechains” that reduce security, ETC will remain fully replicated. * Composability: Composability in ETC means that all the applications enabled by programmability are inside the same system, thus making them equally secure and also able to interact with each other in single complex transactions. * Size: The larger a blockchains is, and even more if it is the largest in its category, makes the system eve more secure. ETC is the largest smart contracts blockchain that is proof of work and has a fixed monetary policy. All the above unique features combined make ETC dapps the most secure daps in the world.
Ethereum Classic (ETC) and Ethereum (ETH) are two separate blockchain networks that share a common history but have since diverged in philosophy and development. Ethereum Classic is the original version of Ethereum that was launched in 2015. It is a decentralized, open-source blockchain platform that allows developers to build and deploy decentralized applications (dApps) and smart contracts. Ethereum Classic secures its network using a Proof-of-Work (PoW) consensus algorithm. Ethereum, on the other hand, is a fork of the original Ethereum blockchain created in 2016. It emerged as a response to a hack that caused the loss of millions of dollars worth of Ether. The Ethereum community implemented a hard fork to reverse the hack and return the stolen funds to their owners. As a result, two separate blockchains, Ethereum (ETH) and Ethereum Classic (ETC), were created. One of the main differences between Ethereum Classic and Ethereum is their approach to governance. Ethereum has a more centralized system, with a core development team that makes decisions about the platform's future. In contrast, Ethereum Classic has a more decentralized approach to governance, with decisions made by the community through a consensus process. Another key difference between the two is their development roadmap. Ethereum has transitioned from a Proof-of-Work (POW) consensus algorithm to a Proof-of-Stake (PoS) algorithm after The Merge in September 2022. Ethereum Classic, on the other hand, has focused on maintaining its original PoW algorithm and staying true to its decentralized philosophy.
ETC began in a very similar technical state to ETH, with the exception of how the DAO hack transactions were handled. Since launch, however, changes in tokenomics with Ethereum Classic establishing a cap to the supply in December 2017. The maximum supply is thus 210,700,000 ETC, roughly ten times that of Bitcoin (BTC), while ETH has no cap. ETC uses a PoW mining algorithm, which functions like Bitcoin — miners are rewarded with new coins for validating the blockchain in competition with each other. The ETC block reward decreases with time at a rate of 20% every two years or 5 million blocks, with the next drop due at block 20,000,000, roughly in June 2024 — from 2.56 ETC to 2.048 ETC per block.
Proof-of-Work (PoW) When ETC was a minority chain, it suffered some attacks. These included 51% attacks to gain control of mining hashrate and execute spurious transactions and double spend coins, the most recent of which occurred in August 2020. Ethereum Classic uses the Proof-of-Work (PoW) consensus algorithm. By resolving computationally intensive puzzles to create and validate blocks of transactions, Ethereum Classic miners protect the network. The ETC blockchain is also fully replicated, which makes it redundant across many nodes worldwide making it practically impossible to take down or tamper with by natural disaters or man. Now that it is the largest proof of work smart contracts blockchain in the world, its security levels have significantly increased to the point that developers have removed the safety features they added after the 51% attacks of 2020.
A subgroup of the nodes of the Ethereum Classic blockchain are miners. These miners group transactions in batches, add to them a time stamp, the previous block cryptographic stamp or hash, and a random iterating number called a nonce. Once they do this, they create a new cryptographic stamp for this new block specifically and immediately check if it hit a specific target that the protocol determines. If it didn’t hit the target, then the miners go back, change the random iterating number as soon as possible and try again. If they didn’t hit the target again, then they try again, and again, and again, until one of the miners hits the target. They may do this trillions of times per second, and this is what uses up so much energy and is referred to as “proof of work” because only by working in trying so many times, using so much computing power and electricity, is that, statistically, one of the miners will hit the target within the range of the standard block time, which is 13 seconds in ETC. When a miner hits the target, then they send the block to the rest of the network for verification and payment of the miner reward plus the block's transaction fees.
ETC is a major market cap cryptocurrency and is freely tradable on a large number of major exchanges. Pairs are available against stablecoins, other cryptocurrencies and fiat currencies, while derivatives and institutional investment vehicles also exist. Exchanges that let you buy Ethereum Classic include Binance, OKEx, HTX and Coinbase. Crypto newbie? Read our easy guide to buying Bitcoin and any other cryptocurrency.
Ethereum has grown in popularity due to network effects and more developer and user activity, even though Ethereum Classic and Ethereum both offer smart contracts and compete for the same market. The main concerns of ETC are scalability, bloat, and backward compatibility. These are constraints shared by all layer 1 smart contracts blockchains. Both Ethereum and Ethereum Classic will be scalable through layer 2 systems. Backward compatibility will be solved when “Account Versioning” and “EVM Versioning” are implemented in the EVM standard in general. Bloating is a work in progress and depends more on client efficiencies, data structure changes, and other advances.
Read more about Ethereum here. Read more about Bitcoin Cash here. New to cryptocurrency? Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource.
Blockchain is a decentralized and distributed ledger technology that securely records transactions across multiple computers in a verifiable and permanent way. It forms the underlying technology for cryptocurrencies like Bitcoin and enables transparency, security, and immutability.
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, and facilitates secure and transparent peer-to-peer transactions.
Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network and is used for secure, transparent, and censorship-resistant transactions.
Bitcoin is the original and most widely recognized cryptocurrency, while altcoins refer to any other cryptocurrencies besides Bitcoin. Examples of altcoins include Ethereum, Ripple (XRP), Litecoin (LTC), and many others.
Staking involves participants locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. It is commonly associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, where participants receive rewards for helping secure the network.
To stake cryptocurrency, you typically need to choose a platform or network that supports staking. Transfer your tokens to a compatible wallet, follow the staking instructions provided by the platform, and lock up the desired amount of cryptocurrency. Once staked, you may start earning rewards.
Staking rewards are incentives provided to participants who lock up their cryptocurrency to support the network. The amount of rewards varies and is influenced by factors such as the network's inflation rate, the total amount staked, and the specific rules of the staking protocol.
The ability to unstake and withdraw your cryptocurrency depends on the specific staking protocol and network. Some platforms may have lock-up periods or unbonding periods during which your staked tokens are inaccessible. Always check the terms and conditions of the staking service.
Staking comes with risks, including the potential loss of staked funds if a participant behaves maliciously or fails to fulfill their responsibilities. Market volatility can also impact the value of staked tokens. It's crucial to thoroughly research the staking protocol and understand the associated risks.
While staking is designed to be a rewarding activity, there is a risk of losing money, especially if the value of the staked cryptocurrency decreases or if the staking protocol encounters security issues. It's important to consider both the potential rewards and risks before participating in staking.
John E. Deaton, a prominent crypto attorney and Republican Senate nominee from Massachusetts, holds substantial positions in major cryptocurrencies. The political and financial landscape is shifting, with increasing involvement from […]
CoinOtag EN
Jul 26, 2024
<p>Jersey City mayor Steven Fulop announced allocating a portion of the city's pension fund to Bitcoin spot exchange-traded funds, becoming just the second pension fund after Wisconsin to get exposure to the price moves of the apex cryptocurrency.</p>
Benzinga
Jul 26, 2024
Kripto piyasaları yeniden boğa evresine girdi ve yatırımcı ilgisini cezbetti. Hem Bitcoin hem de birçok önde gelen altcoin belirgin fiyat artışları gösterdi. Kurumsal yatırımcıların birikimi, piyasa havasını daha da güçlendirdi. Bitcoin’in $67K’a ulaşması ve altcoinlerin de onu takip etmesi, büyük kurumsal yatırımlar tarafından desteklenen bir canlanmayı temsil ediyor. Bitcoin’in $67K’a Yükselmesi Piyasa İyimserliğini Gösteriyor Bitcoin […]
CoinOTag
Jul 26, 2024
Crypto markets have re-entered a bullish phase, capturing investor interest. Both Bitcoin and several top altcoins have demonstrated notable price increases. Accumulation by institutional investors has further strengthened market sentiment. […]
CoinOtag EN
Jul 26, 2024
The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark” […]
Bitcoin.com
Jul 26, 2024
