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Review on Ethereum Classic by LY HOANG KHA
Ethereum Classic believes strongly in a decentralized, censorship-resistant…
Ethereum Classic believes strongly in a decentralized, censorship-resistant, permissionless blockchain which cannot be shut down and has irreversible smart contracts. As a result, it parted ways with Ethereum back in 2016. The coin has risen in value by 30% in the last month due to announcements that both Coinbase and Robinhood are adding it to their platform.
Pros
- Ethereum Classic is one of two currencies that use the Ethereum blockchain, with Ethereum or Ether (ETH) being the other one. Find out what you need to know about Ethereum Classic today. Ethereum Classic is an open-source, public, blockchain-based distributed computing platform. 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, which occurred one year after the launch of Ethereum.
Cons
- Since Ethereum Classic was a result of a hard fork of the original currency, it is essentially a carbon copy of Ethereum in almost every technical and fundamental aspect. While both blockchains are identical prior to the 1920000th block, every transaction that came after is unique to each cryptocurrency and is non-transferable. Because of the overall similarities in their codebases though, it should be noted that Ethereum Classic is every bit as capable as its sibling.
