Why was Ethereum Classic created? After the DAO attack, the original Ethereum community got divided into two troops:. Community members who did not support the hard fork idea continued to mine on the old version of the blockchain without upgrading its version.
Since then, both communities have diverged based solely on the versions of the blockchain they are using.
The team behind ETC usually prefers to be behind the scenes, which certainly raises some doubts. Much of the team members use pseudonyms.
For more details, visit here. And like Ethereum, Ethereum Classic also has no fixed cap i. Buying Ether Classic tokens directly from fiat currency is a little difficult.
The procedure is very simple. ShapeShift is another multi-currency exchange like Changelly. It currently supports more than 30 cryptocurrencies including ETC.
Personally, I prefer using Changelly because they have better exchange rates and a better transaction history feature to track my funds, but ShapeShift is also good.
In my opinion, this is the best video 2. As explained in the above video, there is no doubt that the new Ethereum is still the unrivaled king of smart contracts and DApps on the market.
But it is also a possibility that Ethereum Classic is not far behind. Ethereum Classic offers all the same features which Ethereum offers, and it would be unjust to declare it dead because it is still in the top 15 cryptocurrencies in the market.
But these projects and ICOs have so far had a minimal impact on its market cap. Whether Ethereum Classic will be left behind or become stronger is a thing that only time can tell.
If you look at things from a market angle, ETC is a competitive coin. In the future, it will be interesting to see how this plays out as Ethereum Classic lacks a visionary leader like Vitalik who is on the side of Ethereum.
And needless to say that this ETC and ETH split is a classic example of how free market forces act in an open, decentralized capitalist world.
For more information on Ethereum Classic, visit the following links:. So what do you think about Ethereum Classic? Are you invested in ETC? Do let me know your thoughts in the comments section below.
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