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Review on Ethereum Classic by Festus Samson
here is a token attached to Ethereum Classic referred to as “ether classic…
here is a token attached to Ethereum Classic referred to as “ether classic”, and this token can be stored in a virtual currency wallet, transferred to other participants, and can also be used as compensation to participant nodes for successful computations. The Ethereum Classic community intend to implement a hard cap of 230 million tokens for the virtual currency, with 18 million coins released every year till this limit is reached. It may be a little difficult to purchase Ether Classic tokens using fiat currencies, however, a user can exchange for other coins and the procedure for exchange is simple and straightforward. It is being developed for the Internet Of Things and the 4th industrial revolution where many devices that individuals and businesses interact with on a daily basis are interconnected and communicate via the internet.
Pros
- If the Internet was simply a bunch of interconnected computers, and didn’t have any users or creators making websites, it would be largely useless. In much the same way a blockchain needs users and creators. ETC has both and we’re working on solving real world problems of interconnecting people and their devices.
Cons
- . Ethereum Classic may not follow the future changes made to Ethereum.
