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Review on Ethereum Classic by Julio Arvelo
It provides a decentralized Turing-complete virtual machine, the Ethereum…
It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. ETC also provides a value token, which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed.
Pros
- People can save money cost by Ethereum projects simply by switching to ETC. Because, Ethereum Classic and Ethereum uses the same protocol and they are running the same code. ETC allows highly efficient value transfers. The project has a focus on IoT applications, and runs a mathematically verified Ethereum Virtual Machine, or EVM. There are tons of projects that are built on top of Ethereum and they need to pay ethers in order to run their programs. Currently, price of ETC isa lot of times lower than ETH.
Cons
- The communicty of ETC is quite small, and most people buying it are not real users that uses the token to execute programs.
