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Review on Ethereum Classic by thanh hao
Although Ethereum is moving to a proof of stake (POS) protocol to build its…
Although Ethereum is moving to a proof of stake (POS) protocol to build its blockchain, Ethereum Classic will continue to use and develop the proof of work (POW) protocol. It is debated that POS is more efficient than POW. However, Ethereum Classic developers insist that the POW can be made more efficient through further development and is the best way to retain decentralisation.
Pros
- Ethereum Classic bills itself as the “censorship-resistant,” original Ethereum. The ETC community disagreed with the Ethereum developers’ decision a few years ago to fork Ethereum to return funds to the investors who lost their money in the infamous DAO hack, and ETH and ETC have gone in different directions ever since.
Cons
- That means ETC has solid, prospective growth in the months ahead. It’s an interesting darkhorse hold for 2018 because it has a lot of room for growth compared to more super-saturated coins, e.g. Cardano ADA’s current market capitalization. You’ll have to do your own research, as these are just speculative considerations and not financial advice. But perhaps it wouldn’t be surprising if ETC was trading over $100 in one year’s time. Time will tell.
