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Ethereum Classic is a blockchain -based distributed computing platform that offers smart contract (scripting) functionality. [1] It is open source and supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM). Ethereum Classic maintains the original, unaltered ...
Ethereum: ETH, Ξ Vitalik Buterin: Ethash: C++, Go: PoW, PoS: Supports Turing-complete smart contracts. 2015 Ethereum Classic: ETC EtcHash/Thanos: PoW: An alternative version of Ethereum whose blockchain does not include the DAO hard fork. Supports Turing-complete smart contracts. 2015 Nano: XNO, Ӿ Colin LeMahieu Blake2: C++ [citation needed]
Services. Asset management. AUM. US$50 billion (2021) Parent. Digital Currency Group. Website. grayscale .com. Grayscale Investments is an American digital currency asset management company and subsidiary of Digital Currency Group founded in 2013 [2] and based in Stamford, Connecticut.
Ethereum is a decentralized blockchain with smart contract functionality. Ether ( Abbreviation: ETH; [a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. [2] [3] It is open-source software .
In December of 2017, an update to the Ethereum Classic protocol will reduce the block reward by 20%, from 5 ethers to 4 ethers, and this process will be repeated each 5 million block, creating a virtual cap of 230 million ETC for the total supply. [9] [10] Ether can be subdivised into multiples and submultiples [11] :
On May 5, 2016, Governor Andrew Cuomo of New York State announced the approval of Gemini as the first licensed Ethereum exchange based in the United States. Additionally, in 2016, Gemini announced it would allow users to withdraw Ethereum Classic (ETC) from the exchange, following a hard fork in Ethereum's code.
PolyNetwork (DeFi) suffered the loss of US$611 million in a theft in August 2021. [25] Japanese cryptocurrency exchange Liquid was compromised in August 2021 resulting in a loss of US$97 million worth of digital coins [26] Cream Finance was subject to a US$29 million theft in August, 2021 [27] and $130 million October 28, 2021.
Decentralized finance. Decentralized finance (often stylized as DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain, mainly Ethereum. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using ...