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Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), that can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called “classic ether”, which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. In July 2016, the group behind Ethereum chose to fork after the robbery of a savvy get that brought about the redirection of almost 10% of ethers available for use as of now. This fork drops the hacking and gives back the assets to the proprietors.
In September 2017, The Ethereum Classic price in India was INR 1,386 and it started growing and moving towards the market trend and finally the ETC price in rupees reached at ETC to INR845,88 on 30th September 2017. On 1st December 2017, Ethereum Classic price in rupees was INR 1,990 and it dropped down and closed the month with ETC to INR 1,667 on 31st December 2017.
On 1st January 2018, the initial price of Ethereum Classic in India was INR 1923.01 and then there was decline in the price and Ethereum Classic finally reached INR 1686.98 on 31 January 2018. On 1st February 2018, The Ethereum Classic price in India was INR 1782.26 and it started increasing and Ethereum Classic was trading at ETC to INR 2210.28 on 28 February 2018. In the beginning of December, 2018 the price of Ethereum Classic in INR was 325 and it is predicted that the maximum price of ETC in INR will be 325 and the minimum price of Ethereum Classic in rupees will be 195 and the change in the rate of Ethereum Classic for December will be -40.0%.
In the beginning, Ethereum price in Inr was 344.54 and the Ethereum Classic price reached maximum of 665.87 on 03rd June, 2019 and by the end of the year on 31st December 2019 it slid back to INR 329.79.
on 1st January 2020, Ethereum price started with INR 320.66 and has reached Highest by far on 31st January 2020 at INR 879.87 with sliding back to INR 287.49 on 13th March and recovering at INR 543.73 as on 1st June
Ethereum Classic price in INR today is ₹531.69 with a 24-hour trading volume of ₹92,477,936,336. ETC price is down -2.4% in the last 24 hours. It has a circulating supply of 120 Million ETC coins and a max supply of 211 Million. BuyUcoin is the current most active cryptocurrency exchange in India for trading it with INR.
On the ETC blockchain, valid transactions can never be erased or forgotten. It means people on the Ethereum classic blockchain have the governance code and as they state “code is law.”It gives the user the ability to enter into a new jurisdiction where agreements are governed by code.Because it is voluntary to act with the code, the code is neutral, and it will execute anything that is set as long as a user activates that smart contract.
With centralized governance, the central entity controls the total governance.This can lead to corruption, power disputes, and much more.
Whether you want to buy Ethereum Classic in India Or you want to sell Ethereum Classic in India. The most secure and safest platform in India is BuyUCoin. It is the best Indian Exchange which offers ETC to INR trading pairs. It is India’s most secure, dedicated, User friendly and trusted digital exchange. At BuyUCoin you can not only buy/ sell ETC in inr but also more than 30 cryptocurrencies and It follows payment industry best practices with strict KYC-AML policies because of these features BuyUCoin become a leader in Indian cryptocurrency Market of cryptocurrency exchanges.