Ethereum Classic [ETC]was theresults ofa hardfork, that occurred earlier in the year 2016, arising out ofconflictsintothe way toanswerthe high-profile DAO hack of the Ethereum [ETH] blockchain.
The official web blog post outlines that the Coinbasedigital walletappought toupdate over the “next few days,”oncewhich after theuserswould be able toupdate, send and receive Ethereum Classic [ETC] to their addresses.For theexisting Coinbasewalletusers, theirETCaddressarejust liketheir current Ethereum [ETH] address.
In addition to Ethereum Classic [ETC], Coinbasewalletsupports storage,transferringand receiving of Ethereum [ETH] and “100,000+ ERC20 tokens.”
As reported by EtherDesk earlier, Coinbase initially proclaimed it’d be listing Ethereum Classic [ETC] on its trading platform in June, resulting in a pointy spike within the asset’s price. However, once the listing went live in early August, ETC was conjointly incorporated into the Coinbase mutual fund.
Even earlier in August, crypto exchange and wallet service Bittrex listed a U.S. dollar-ETC trading pair, the same month as crypto trading app Robinhood proclaimed its own support for the asset.
At the reporting time, Ethereum Classic [ETC] is listed as the seventeenth largest cryptocurrency by market capitalization, and is presently trading at a price of $4.59 USD which is 6.31% higher than yesterday.