Ethereum Classic

ETC is one of the famous cryptocurrencies that was created as a result of the hard fork of the Ethereum network in 2016. This project is the original blockchain that did not support the changes after the hacker attack on the DAO (Decentralized Autonomous Organization).

The majority of the Ethereum network participants decided to conduct a hard fork to return the stolen funds, which led to the creation of a new chain known as Ethereum (ETH). However, part of the community abandoned this idea, adhering to the principles of immutability of the blockchain, and continued to use the original chain, calling it Ethereum Classic.

Its main idea is to maintain the principle of "code is law", which means that contracts and transactions recorded in the blockchain should not be changed or rolled back, regardless of the circumstances.

Technically, Ethereum Classic has the same features as Ethereum, including support for smart contracts and decentralized applications (dApps). However, over time, both networks have evolved differently and now have different development teams and roadmaps. ETC continues to be a popular platform for developing decentralized applications and conducting ICOs. Its proponents believe that it preserves the spirit of decentralization and incorruptibility that was embedded in the original concept of the blockchain.

Let's take a look at some key aspects that contribute to its popularity and potential profits. First, ETC differs from other cryptocurrencies in its commitment to the immutability of the blockchain. This principle attracts users who value security and transparency of transactions. In addition, thanks to its stable infrastructure and active developer community, Ethereum Classic continues to attract new users and investors.

ETC has recently shown significant price fluctuations, which creates favorable conditions for speculation. For example, over the course of a year, its price may increase by 10%, 20%, or even 30%, depending on market conditions and cryptocurrency market news. However, as with any investment, such forecasts require careful analysis and an understanding of the risks.

Classic’s long-term growth prospects also look promising. The projects and integrations planned on the platform help expand its functionality and attract new investors. The emergence of new decentralized applications (DApps) and improved network scalability may contribute to further growth in the value of ETC.

The main feature of Classic is its commitment to the principle of blockchain immutability. ETC supporters believe that any data recorded on the blockchain should not be changed, regardless of the circumstances. This approach emphasizes the importance of decentralization and censorship resistance. Technically, Ethereum Classic is similar to Ethereum and supports the same features, including smart contracts and decentralized applications (dApps). However, over time, differences began to emerge between the projects. Ethereum Classic, for example, has not implemented upgrades such as the switch to Proof of Stake, which Ethereum implemented as part of its strategy to improve scalability and energy efficiency. The community is actively working to improve the security and resilience of the network. They have implemented several upgrades to protect the network from attacks such as 51% attacks, and continue to develop their technology to provide reliability and security for developers and users.

Despite its lower popularity compared to Ethereum, Classic remains true to its founding principles and appeals to those who value immutability and decentralization.

The main difference between ETH and ETC is their approach to security and immutability of the blockchain. Ethereum (ETH) decided to roll back the chain to return the stolen funds, thereby changing the transaction history. Classic has remained true to the immutability of the blockchain, refusing to change and continuing the original chain.

Ethereum (ETH) has gained more acceptance and support from the community, including network updates and improvements such as the transition to Proof of Stake. Ethereum Classic (ETC) has retained the original code and continues to use the Proof of Work algorithm.

To buy Classic (ETC), follow these steps:

By following these steps, you will be able to easily purchase and safely store Ethereum Classic (ETC) coin.