1 Level
22 Review
48 Karma
Review on Ethereum Classic by manhatan davistrue
Splitting of from Ethereum back in 2016, ETC is still being developed by a…
Splitting of from Ethereum back in 2016, ETC is still being developed by a small team of people that work full-time on the project. It is currently being ranked as one of the top 20 coin according to CMC. ETC has been the talk of the town as of lately, mostly due to its impending Coinbase listing. Crypto community has just recently found out about this new development and as a result, every time Coinbase announces a maintenance event, buy orders start piling on for the coin. Thanks to these news ETC outperformed the entire market and weathered the crashing of Bitcoin/alt markets relatively okay.
Pros
- The currency emerged after the original Ethereum platform forked into two versions, including Ethereum Classic (ETC) and Ethereum (ETH). ETC was officially released after The DAO hard fork in 2016. The hard fork on Ethereum restored users losy funds (via airdrop) and to a greater way made Blockchain look more believable. This is really very good!
Cons
- Also unlike Etherium it's being developed by a much smaller team that work on the project full time. This might really be of concern to some people. The main problem with ETC is the lack of backwards compatibility with Ethereum Hard Fork. All influential people in the Ethereum community have moved on to the new series, which means that anyone who is part of the ETC will not be able to access any ETH updates.
