Review on Ethereum Classic by Amit Singh
In my opinion, Ethereum Classic didn’t have much going for it when it was…
In my opinion, Ethereum Classic didn’t have much going for it when it was simply a rebellion against the hard fork of 2016. Now that time has passed, it has begun to carve its own definitive path that stays true to the original decentralized and immutable ethos that Ethereum originally promised. With the addition of its capped supply of 230 million tokens whilst supplying all of the benefits of Ethereum, Ethereum Classic has been nicknamed ‘the Bitcoin of decentralized applications.’ However, it needs a large number of promising applications to adopt its network to gain the traction needed to excel, and if unable to do this, then it may be overshadowed by an increasingly competitive market.
Pros
- It will never violate its principles of decentralization and the ‘code is law.’ This ethos is deeply rooted in the ETC community and its very identity. With such conviction comes a sense of trust and commitment.
Cons
- It doesn’t currently have the reputation of Ethereum to attract investors and developers.
