Review on Ethereum Classic by francis fernandez
Ethereum Classic
Ethereum Classic is a blockchain platform that had its origins as a result of a cyber attack that the Ethereum network suffered in 2016.
Ethereum Classic (ETC) became a digital platform based on open source technology, which allows crypto assets to be managed in a decentralized way; In other words, without the mediation of banks, government entities or other institutions.
One of its most outstanding characteristics is that it offers the possibility of creating smart contracts; based on the principle “the code is Law”. This allows you to write programmable contracts that are immediately and accurately executed.
The Ethereum Classic network is comprised of its original cryptocurrency (ETC), a blockchain ledger, and an integrated system of related applications and products.
All these characteristics define the Ethereum Classic platform in three keywords: decentralized, unstoppable and immutable.
* Immutable: This means that the stipulations that govern operations cannot be altered.
* Decentralized: The platform does not allow the inherence of third parties in its infrastructure. Decisions are made based on the common good of the user community.
* Unstoppable: This platform is continually making improvements in order to achieve the optimal development and operation of its platform.
Pros
- It is an open source application; which means that everyone has access to view your programming or software.
- It is independent of other entities or organisms.
- Seeks its continuous improvement innovating in blockchain technology to offer more products and facilities to its users.
Cons
- It can generate some mistrust in its users due to the origin of its birth.
