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Review on Ethereum Classic by Redefined Enterprise
The main problem with the ETC is the lack of backward compatibility with the…
The main problem with the ETC is the lack of backward compatibility with the Ethereum Hard Fork. All the heavyweights of the Ethereum community have moved on to the new chain, which means that anyone who is part of the ETC won’t be able to access any of the updates done by the ETH. The perfect example is ETH’s move from Proof Of Work (PoW) To Proof of Stake (PoS). ETC won’t be able to implement that because their software simply doesn’t allow the use of updates.
Pros
- Etc helped solve the DOA issues of 2016 and helped bring back belief in Cryptocurrencies. Without this hardfork, the panic of Ether community would have endangered the success of Block chain
Cons
- Inability to perform or queue in on the updates of Ethereum is a major blow to ETC. working on its own chain simply means that every new update on its cut off point can never be implemented, never.
