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10 January 2019 21: 30 & nbspUTC
| updated:
10 January 2019 at 23: 03 & nbspUTC
If you are looking for reasons to buy Ethereum Classic, this new year, we may be able to help you.
Ethereum Classic (ETC) is an open source, peer-to-peer computing platform based on blockchain technology and the original Ethereum code. Just like Ethereum, it provides a token value, or "altcoin", called "classic ether" that is used to pay users for products and services and as a transaction fee when using decentralized apps and smart contracts.
You can also read: How to minere Ethereum Classic?
That said, here are ten reasons to invest in Ethereum Classic, in 2019.
1. Immutability
ETC accounts can not be edited by others. While some blockchains allow their participants to use their social and economic power to vote on the other's accounting balances, ETC has assured that this possibility also would not arise.
2. Price
The price of Ethereum Classic is almost a tenth of that of the new Ethereum blockchain, although their use cases are exactly the same. At the time of printing it was trading at 4.37 USD. The ecosystem boasts high scalability and transaction speed powered by low tariffs.
Most startups that create new projects have low budgets and that is why Ethereum Classic is the ideal launch pad for the project on the market today.
3. Decentralized
Several nodes in the decentralized blockchain transactions of Ethereum Classic. This means that any hacker who wishes to separate himself from valuables on this network will have to attack 51% of the knots to win, which is impossible as it is a challenging process.
4. Credible and secure
Ethereum Classic has shown real credibility when it splits from the community of Ethereum by adhering to a truly immutable blockchain.
Its security is also quite commendable, as it is a blue-chip cryptocurrency, which adds an additional security protocol.
5. Technology
Highly efficient transfers of value can be conducted with Ethereum Classic. It focuses on IoT applications, runs a mathematically verified Ethereum virtual machine, or EVM, and strives to be a highly efficient means of exchange that connects devices in the world.
You can also read: Ethereum Classic Beginners Guide
6. Community
The ETC community is designed in such a way that its own structure avoids centralized leadership, whereby only a few individuals can make a decision. Responsibility for development and discussion are distributed among many parts.
7. Supported by influential investors
Although it is a high-risk investment, there is greater upside potential for investors. Barry Silbert of Grayscale Investment Trust is known to be a supporter of the project.
8. Availability
Ethereum Classic is available in most major trades, functional globally.
There are many Ethereum Classic portfolios, both online and offline, where you can store Ethereum Classic and even other cryptocurrencies.
9. DApps
Classic, on the other hand, is a decentralized computing platform that allows software developers to write DApp that can access databases and transaction records not only from their respective companies but from all the computers on this blockchain.
10. Use
The Ethereum Classic issued by the blockchain and the Ethereum codes has almost the same cases of use of ETH. Gradually, more and more people have started working with ETC, thus making its mainstream adoption a dream of the near future.
It is therefore very clear that, despite the bear market, it does not seem to end, ETC could turn out to be an excellent investment, as there is a huge possibility that a bullish run will return, this altcoin will gain value.
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Rishma Banerjee
Rishma is currently pursuing a degree in International Relations and has a special place in her life to sift through all sorts of random curios, thank you very much.
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