1 Level
16 Review
27 Karma
Review on Ethereum Classic by Jet Lee
ETC uses gas, an internal transaction pricing mechanism to prevent unwanted…
ETC uses gas, an internal transaction pricing mechanism to prevent unwanted messages online and allocates resources according to the incentive provided by the request. ETC holders will used it for transaction on smart contract or DApps as it also can be exchanged to fiat currency.
Pros
- The entire ecosystem of Ethereum works on the basis of smart contracts. For the uninitiated, smart contracts are basically how things get done in the Ethereum eco-system. , to put it in layman terms, smart contracts are automated contracts that enforce and facilitate the terms of the contract itself. Their volume will necessarily be limited by the fact Eretheum Classic has set a limit of 230 million tokens. The leaders of Eretheum Classic believe its value is enhanced by imposing this supply restriction.
Cons
- Have a variety of features and functions that all use the Ethereum classic platformSummary. The next major update to Ethereum Classic will be the change in monetary policy that will change the unlimited symbolic issue of a stable monetary policy. However, some held the belief that the code of a blockchain should be immutable no matter what. It happened that the community later agreed on a hard fork, which birthed Ethereum classic.
