What is This Cryptocurrency? Ethereum Classic
Ethereum Classic is a forked coined that was created from Ethereum. The reason for the new coin was due to the communities need of a coin that would help keep to the original vision of Ethereu. The coin has increased in value from the original price. Ethereum Classic looks to keep the Ethereum block chain going with features such as decentralization allowing many people to participate in the community. No one individual has full control over the Ethereum Classic block chain. This allows for the open source project to be protected from a hack.
There is also the immutability that exists in some cryptocurrency projects which prevents the code from being changed. Ethereum Classic also looks to implement a network with smart contracts and applications. The decentralized applications are an important part of the block chain as they would allow the same amount of decentralization as with the block chain.
Current price is around $6. Has a circulating supply of 116 million coins. The total volume in the last 24 hours is $518 million. Ethereum Classic has a total market cap of about $714 million.
* This is not investment advice. If you want to buy or invest in cryptocurrencies, you need to research information prior to making an informed decision.