Ethereum Classic (ETC)
Ethereum Classic coin is a hardfork of Ethereum which was launched in July, 2015. It is built on a blockchain platform that can be used to create decentralized programs based on smart contracts and bought on most exchanges. Ethereum Classic is an open-source project that is widely known for developing DApps, carrying out transactions for gas fees, and creating blockchain-based virtual coins.
Why Ethereum Classic (ETC) Is Better Than Ethereum
The Ethereum Classic project was started by Vitalik Buterin after an incident with Ethereum. Users of the Ethereum network tried to draw the team's attention to an error in the initial code, but the developers didn't pay enough attention to the claims. That cost them nearly 50 million dollars in cryptocurrency stolen by hackers. Later, they managed to identify the attacker and even return the funds, but the reputation suffered significantly. In the end, the new coin was created to solve the security problems of its predecessor. Thus, today you can buy Ethereum Classic without worrying about the safety of your investments.
The number of Ethereum Classic coins to buy is limited, and the total amount of coins will never exceed 210.6 million.
All transactions are characterized by advanced confidentiality as a result of being conducted through RingCT and zkSNARK, that is why buying Ethereum Classic is a safer investment.
The developers used so-called side chains to avoid problems associated with the growing popularity of the coin as well as prevent lags and transaction queues.
Besides, unlike Ethereum, it is impossible to change the Ethereum Classic blockchain.
Group Decision Making
The new cryptocurrency network can be optimized only with an agreement between the members of three different teams involved in the development of the virtual coin.
All innovations were introduced to make using, keeping in wallet, and buying Ethereum Classic as secure as possible.
ETC managed to become the headliner in the cryptocurrency market extremely easily. Traders could buy Ethereum Classic on Poloniex, Bitfinex, Kraken, BTC-e, and other large exchanges after only a couple of weeks after the coin had been introduced. One of the key features of Ethereum Classic is a high level of protection against hacker attacks which has been proved in practice. That is why many investors worldwide prefer to buy Ethereum Classic. During the two following years, the network was attacked many times, but no one was successful. In addition, ETC became more popular than ETH. These facts show that buying Ethereum Classic is a better investment. The supply of this cryptocurrency type is limited to 210,6 million coins. In this way, the developers protected Ethereum Classic from potential inflation and its negative impact on the exchange rate. You can buy Ethereum Classic and be sure that the project won't pop like a bubble.