Review on Ethereum Classic by Nikolay Sadonin
Ethereum Classic would not exist had there not been a major hack in Ethereum…
Ethereum Classic would not exist had there not been a major hack in Ethereum which caused the majority of the community to decide to, essentially, agree on a less-than-true blockchain. Ethereum Classic has essentially the same technical functionality as Ethereum. Ethereum Classic, despite its lower value than Ethereum, is a top 25 cryptocurrency at time of writing. ETC’s most likely future is as an alternative to Ethereum when the network is overly congested.
Pros
- Like Ethereum, Ethereum Classic provides a decentralized, Turing-complete virtual machine, the Ethereum Virtual Machine (EVM) as well as smart contract functionality. ETC uses gas, an internal transaction pricing mechanism, to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.
Cons
- The main problem with Ethereum Classic is that it’s not backwards compatible with the Ethereum hard fork.
