Review on Ethereum Classic by Temitope Babatunde
Ethereum Classic The Original Ethereum Blockchain
Ethereum classic is a cryptocurrency based on blockchain and through smart contract it guaranteed that there is no possibility of any manipulation, censorship, monitoring or any external interference in its governance.
Ethereum classic came out as a result of a hard fork that happened to the Ethereum blockchain, why the Ethereum broke away, ethereum classic maintain the original chain of the Ethereum, the fork happen as a result of stolen of Dao that worth $70 million in other to make the stolen currency unspendable, they proposed a fork but those behind ethereum classic believe that original ethereum chain must be maintained.
The team behind Etc believe that cryptocurrency must have the features of fungability and immutability. There are 3 team working for the long term vision of ethereum classic. Three principles is guiding etc they are immutability, technology and community. Running on the mathematically verified ethereum virtual machine (EVM), and is very good for running internet of things (IoT) applications.
In 2019, the Atlantis fork was completed to fixe the security problem and add new features. There is Etc lab who is core team managing the etc from San Francisco and Singapore there is also Etc cooperative (ECC) who provides support financial wise to the etc ecosystem, e.g development, marketing, and community.
The Etc token can be found on major and smaller exchanges. With the team behind etc, one can hope that it will go a long way.
Pros
- The project has largest network activities.
- Has good team that is working very hard to see that Ethereum classic is prospering
- It has good number of community on Twitter and sub reddit.
Cons
- Some people believe that the team is not sincere about their project, saying that Etc is not decentralized.
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Comments (1)
May 23, 2020
Ethereum Classic can be converted from major digital currencies on cryptocurrency conversion service. And be bought from marketplace on certain platforms. This means you can buy ETC with ZAR, EUR, NGN, GBP, AUD and many more
