Review on Ethereum Classic by Ambar Quintana
Review on Ethereum Classic
It is a platform of great advance and security, sponsored by the Ethereum community, thanks to the application of a Hard Fork, this has as its main objective to become a powerful decentralized Blockchain platform. In itself, Ethereum Classic aims to provide members of your community the total security against fraud, third party interference, censorship and inactivity. Despite the fact that Ethereum Classic is almost homologated to Ethereum; it has its own protocols and technology; all this under a community and open development, respecting the philosophical guidelines of the community. These guidelines are expressed in the Crypto-Decentralist Manifesto, its Declaration of Independence and the phrase: “The Code is the Law”, where both were intended to express the total decentralization of the platform and its complete autonomy, leaving Ethereum in a lesser proportion. . It should be noted that Ethereum Classic has immutability above all things, that is, valid transactions can never be deleted or forgotten, this means that the code with which users interact voluntarily will rule at all times during the transaction process, taking into account that no person, inside or outside Ethereum Classic can change it, in addition, no third-party interventions are allowed, decisions are made by the community for the benefit of the community. Now, if we analyze its technical aspect, we go back to that its consensus protocol is that of Proof of Work (PoW) using the Ethash algorithm, it can display Smart contracts, DApps and enjoy all its possibilities, apart from having the capacity to issue tokens compliant with the Ethereum ERC-20 standard. In summary, it is a cryptocurrency with capabilities and functionalities capable of providing total privacy and adjustability during the transaction process to users, comfort and versatility in all processes, however, it is a community platform, with complete autonomy, and of course a magnificent infrastructure of the digital economic market
Pros
- It does not respond to private or business interests, guaranteeing its decentralization and autonomy
- It stands out for its solutions to any problem, which is why it is considered that its path has a well-defined development, thus adopting the possibility of promoting itself on the Blockchain
- They are constantly innovating before operating principles and bases
- Total security and privacy to all members of the Ethereum Classic
Cons
- I have nothing to say about it
