Review on Ethereum Classic by Pedro O. Alvino M.
ETC speed and network backup
ETC born from a hard fork of the ethereum network in order to solve a difficult situation that the community went through, related to the theft of several million ethers in 2016 and that were protected by the project, The DAO. The application of this hard fork divided the Ethereum community among those who supported and detracted it. In which, at the end of this division, ETC emerged in order to solve the problems faced by the ethereum network.
In terms of operation, it has a similarity to ethereum since it also supports smart contracts and the creation of distributed applications, in addition to using the POW protocol and being focused on a mining process where the community is important, in a matter of future investment can become beneficial, however like any other currency that depends on demand and supply, its price is very volatile
Pros
- Like ethereum it admits contracts which can be negotiated with any value
- Secure and stable network
- The mining process does not require greater requirements than having a powerful device and a GPU.
- Its platform has a network of partners where each node serves as a client and a server at the same time
- The process of validating and confirming a block is approximately 16 seconds in the network
- Create distributed applications (Dapps)
- Completely community project
Cons
- An exclusive mining pool is required for the ETC mining process
- In comparison with ethereum it is not very popular
- Lacks human resources
