Distributed database that is used to maintain a continuously growing list of records, called blocks
Ethereum Classic finally gets the green light as one of China’s largest exchanges, Huobi, launches ETC trading later today.
Not only this might be considered to be great news for all ETC users, but also it indicates some significant changes in cryptocurrency market world since Huobi is not the first platform to recently add ETC trading.
— Huobi (@huobicom) 12 июля 2017 г.
Is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions
Huobi provides a system of incentives. Thus, bonuses are given to those who make a deposit of more than 50 ETC from 12 to 17 July. In addition, Ethereum Classic will be traded with low commissions for a while (from July 12 to July 16 - 0.01% and 0.05% - from July 16 to July 21).
The market reacts positively to the news as for the last day Ethereum Classic has grown in price in comparison with other crypto-currencies:
Ethereum Classic on coinmarketcap.com chart
It is evident there is a global demand for Ethereum Classic right now. Whether or not this is due to the ongoing Ethereum network issues, remains to be seen.