1. PixelPlaygroundHome
  2. Web3 News

When did ETC coin start to be produced (total circulation of ETC coin)

• Web3 News • 124 views

When did ETC coin start to be produced According to data from the blockchain ex

When did ETC coin start to be produced (total circulation of ETC coin)

When did ETC coin start to be produced According to data from the blockchain explorer Etherscan, as of July 1, 2018, the Ethereum network contains 3 wallet addresses. One of the wallets has a balance of 10 ETH, the second one is 0x9d4f90c8ae2bb6b5cedfed8818afda15bfde28d70c, and the third wallet has a balance of 100 ETH. Currently, there are 350,000 ETH in circulation. So, if we calculate based on the price of Bitcoin, this coin is equivalent to the total value of these wallets. Preliminary calculations show that as of the time this article was written, there are 16 accounts in the Ethereum ecosystem holding at least 50 ETH, with a total value of approximately 1.3 billion RMB flowing into the project. Therefore, we can conclude that projects based on Ethereum are still in the early development stage, and there are no practical use cases since their inception. So what is ETC? In fact, as early as 2017, some people proposed ideas about ETC. At that time, due to the volatile market, some users wanted to mine it but didn’t know how to acquire it. So, they participated in mining through various means to obtain their own ETH (and other cryptocurrencies like Bitcoin). But later, due to technical reasons, many problems arose such as contract vulnerabilities, inability to withdraw from exchanges, and high code thresholds, prompting many investors to sell or choose other platforms for trading. And now ETC is called the “little black box,” which means that people understand it as “turning stones into gold.”

Total circulation of ETC coin

According to coin statistics, as of 17:00 on June 18th (UTC+8), the total circulation of ERC20 tokens based on Ethereum is 14, with the fuel-type token (ETC) equivalent to 9,883,000 RMB. Currently, the top five public chains by market value are Ethereum Classic, Tron on EOS and Zilliqa editions. In addition, all mainstream assets in the market are currently experiencing a decline, with ZEC having the largest drop of 15.82%. ETH continues to rise, with a current increase of only 14.74%.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/23000/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/10/2023 20:40
Next 08/10/2023 21:02

Recommended articles