Review on Ethereum Classic by Fanuel PORPORTY
Ethereum Classic (ETC) is the currency of the original Ethereum blockchain. An immutable blockchain
Ethereum Classic is the original blockchain of Ethereum and enables the implementation of decentralized applications and smart contracts. The project was born from a deep belief in fundamental principles. It symbolizes the importance of the fungibility of a cryptocurrency and the immutability of its blockchain.
The Ethereum and Ethereum Classic blockchains were identical until block 1920000. But the infamous DAO changed a blockchain and the cryptocurrency forever.
Pros
- ETC is a pretty good tool for scenarios where you need immutability: voting processes, identifications or data storage.
- Ethereum Classic is capable of carrying out: the creation and management of smart contracts, the possibility of developing DAps (Decentralized Apps).
Cons
- Ethereum Classic has a much smaller community than Ethereum and since the blockchain
- you have to know, there are two big investors who have a lot of tokens and who could bring down the price of the ETC if they decided to sell their share. This is a risk to consider before buying.
