Overview
Ethereum Classic Network
Live network and market data from Blockscout and CoinGecko.
$6.71
ETC Price
-1.44% (24h)
$1.07B
Market Cap
144.9M
Total Transactions
2015
Launched
$1.07B
Market Capitalization
Price × circulating supply
716.8M
Total Addresses
All-time unique addresses on Ethereum Classic
25.7M
Total Blocks
Blocks produced since genesis (2015)
~10s
Block Time
Average time between blocks
Network
Economics
Network Architecture
Proof-of-Work and the EVM
Ethereum Classic is both a Proof-of-Work network and a smart contract platform. Bitcoin has Proof-of-Work without general-purpose smart contracts, and Ethereum has the EVM without Proof-of-Work. ETC has had both since 2015, which puts it on two regulatory paths at once: the commodity path Bitcoin set, and the rules taking shape for smart contract platforms such as Ethereum.
From Proof-of-Work
Bitcoin's regulatory path
No issuer and no foundation controlling the protocol. Every coin created after the genesis block was mined.
Anyone can buy mining hardware, and miners operate around the world.
Block rewards and transaction fees go to miners. Under the Olympia proposal, a new base fee would fund a treasury, with no added issuance.
Positioned for classification as a digital commodity under the pending CLARITY Act, with the same Proof-of-Work profile as Bitcoin.
Mining can sit beside any power source, anywhere in the world.
From the EVM
Ethereum's regulatory path
Solidity and the EVM up to Ethereum's Shanghai upgrade, so standard Ethereum tools work. A tool that assumes EIP-1559 needs its legacy-transaction setting.
Classic USD ($USC), issued by Brale: a 1:1 USD-backed stablecoin aligned with the GENIUS Act, live on Ethereum Classic.
ETCswap V2 and V3 provide on-chain liquidity, including pools paired with Classic USD.
Under MiCA, ETC has no issuer, and authorized crypto-asset service providers can offer it across the EU.
Regulatory Position
Regulation Around the World
Ethereum Classic has no issuer and no controlling entity, the profile that frameworks for digital commodities look for. Here is where it stands under the major frameworks, with pending ones marked.
PendingUnited States
CLARITY Act
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Would place digital commodities under CFTC jurisdiction, separate from securities oversight. ETC is positioned as a candidate.
2025United States
GENIUS Act
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Federal framework for payment stablecoins, signed into law in July 2025. Classic USD on ETC is aligned with it.
2024European Union
MiCA
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Applies across the EU. ETC has no issuer, and authorized crypto-asset service providers can offer it in every member state.
PendingUnited States
Mined in America
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A proposed voluntary federal certification for US proof-of-work mining operations and ASIC manufacturing.
2022Japan
JVCEA Green List
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ETC is on the Green List of the Japan Virtual and Crypto assets Exchange Association, which streamlines listing it on registered Japanese exchanges.
2027United Kingdom
FCA Cryptoasset Regime
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The FCA's cryptoasset regime under FSMA starts in October 2027 and brings trading platforms and custody under FCA authorization.
2023Canada
CSA and CIRO
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Crypto trading platforms register with the provincial securities regulators and CIRO, and with FINTRAC as money services businesses. ETC trades on registered platforms.
2024South Korea
User Protection Act
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The Virtual Asset User Protection Act has been in force since July 2024. ETC/KRW pairs trade on exchanges registered with the FSC.
2026Australia
Digital Assets Framework
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Passed in April 2026, it brings digital asset platforms under ASIC's financial services licensing. ETC is available through ASIC-licensed platforms.
2023Brazil
Virtual Assets Law
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The Central Bank of Brazil regulates virtual asset service providers under the Virtual Assets Law. ETC/BRL pairs trade on Brazilian exchanges.
2022United Arab Emirates
VARA Rulebook
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Dubai's Virtual Assets Regulatory Authority licenses virtual asset service providers under its Rulebook. ETC is available through VARA-licensed exchanges.
2024Singapore
Payment Services Act
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The Monetary Authority of Singapore licenses digital payment token services under the Payment Services Act, with a wider scope from 2024. ETC is available through MAS-licensed exchanges.
2023Hong Kong
SFC Licensing
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The Securities and Futures Commission has licensed virtual asset trading platforms since June 2023. ETC is available on licensed platforms.
2021Switzerland
DLT Act
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The DLT Act (2021) gives distributed ledger assets a legal framework under FINMA's principles-based supervision. FINMA-regulated firms trade and hold ETC.
2024Turkey
Capital Markets Law
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Law No. 7518 (2024) requires crypto exchanges to be authorized by the Capital Markets Board (CMB/SPK). ETC/TRY pairs trade on Turkish exchanges.
2023South Africa
FSCA Licensing
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Crypto asset service providers have needed an FSCA license since 2023. ETC is available through licensed providers.
How an asset is classified decides who can use it. Exchanges need a classification to list ETC, custodians and banks to hold it, investment product issuers to build on it, and corporate treasuries to carry it on a balance sheet.
Stablecoin issuers and DeFi developers need a settlement network that no party can alter. Miners and hardware makers need a fixed monetary policy and a protocol that will not move to proof-of-stake.
Governments and public institutions weighing digital assets look for the same properties: open-source software, permissionless access and no controlling entity. Ethereum Classic offers them through Proof-of-Work consensus, a fixed monetary policy and continuous operation since 2015.
Network Development
Upcoming Protocol Events
Two events lie ahead for Ethereum Classic: the next block reward reduction, set by its fixed emission schedule, and Olympia, a proposed upgrade that would bring its EVM in line with Ethereum's recent upgrades.
Era … → Era … Fifthing
Ethereum Classic reduces its block reward by 20% every 5 million blocks in an event called a "fifthing." The next reduction takes place at block … under ECIP-1017.
Block reward: … ETC → … ETC (−20%)
Fixed monetary policy with no governance vote or override, enforced at the protocol level
Raises the stock-to-flow ratio and lowers annual issuance
* Estimated based on current average block time of ~13s
Olympia: A Proposed Upgrade
Olympia is a proposed upgrade to Ethereum Classic, targeted for mainnet activation in 2027.
EVM alignment (ECIP-1121): would advance the execution layer through Dencun, Pectra and Fusaka, and carry that work into Glamsterdam
A base fee market (ECIP-1111): EIP-1559, with the base fee credited to a treasury instead of burned, and block rewards and tips unchanged
A treasury and its governance (ECIP-1112, ECIP-1113): Olympia DAO would be the only way to spend from it
* Until the activation block is set, the countdown runs to , a placeholder target rather than an activation date
The activation blocks for Mordor and mainnet would be decided at the Olympia Core Devs Call and recorded in ECIP-1111.
Ecosystem
Explore Ethereum Classic
Ethereum Classic's ecosystem spans wallets, institutional custody, investment products, DeFi apps, mining and developer tools. Choose a section to go straight to what you need.
News
Protocol Updates
The latest news on Ethereum Classic's client releases, network security and protocol upgrades.
Why Ethereum Classic?
Built on principles of decentralization, immutability, and censorship resistance
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