Cryptocurrency Q&A
Is Ethereum Classic capped?
Is Ethereum Classic capped?
CryptoVanguard
Tue Dec 31 2024
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5 answers
955
I'm wondering if there is a limit to the number of Ethereum Classic coins that can be mined or issued. In other words, is Ethereum Classic's supply capped like Bitcoin, or can it potentially be infinite?
5 answers
Maria
Thu Jan 02 2025
Ethereum Classic boasts its own unique digital asset, known as ETC. This token serves as the native currency within the Ethereum Classic ecosystem.
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TaegeukChampionCourageousHeartWarrior
Thu Jan 02 2025
The monetary policy of Ethereum Classic is designed to limit the total supply of ETC. Specifically, the maximum amount of ETC that can ever be produced is capped at around 210.7 million units.
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Claudio
Thu Jan 02 2025
This cap on supply is intended to create a scarce and valuable asset, similar to the approach taken by Bitcoin. By limiting the amount of ETC available, the theory goes that it will increase in value over time.
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Valentino
Thu Jan 02 2025
In addition to its monetary policy, Ethereum Classic retains the original proof-of-work consensus mechanism. This mechanism involves miners solving complex mathematical problems to validate transactions and secure the network.
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mia_anderson_painter
Wed Jan 01 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, which allows users to buy and sell cryptocurrencies at current market prices. BTCC also provides futures trading, enabling users to speculate on the future price of cryptocurrencies, as well as a wallet service for securely storing digital assets.
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