Ethereum Vs. Ethereum Classic | Crypto Gazette – Daily Crypto News, articles and tips

The cryptocurrency Ethereum Classic (ETC) a few hours ago was listed on both the cryptocurrency exchanges of Robinhood and Coinbase. ETC shares not only a similar name with the popular Ethereum (ETH), but also shares other interesting features.

An Ethereum hardfork led to the creation of Ethereum Classic in 2016.

ETC vs ETH – The Differences [19659004] Ethereum works on a new blockchain, with most of the miners, users and version protocols Ethereum precedent that sticks to this new version.

Those who still use ETC believe in the concept of the immutable ledger. In the meantime, Ethereum operates more like a software company that always tries to grow, with the possibility of further hardfork in the future.

Ethereum Classic will have a maximum limit of 210 to 230 million ETC tokens. On the other hand, Ethereum does not have a maximum bid limit, although it may change at any time.

Ethereum is moving from Proof of Work to the Proof of stake algorithm, while Ethereum Classic has shown no interest in the following seed.

The market capitalization of Ethereum currently stands at $ 37 billion, while Ethereum Classic has a fraction of $ 1.6 billion

ETC is not backward compatible with ETH Hard Fork. This has led ETC users to not be able to appreciate updates created on the ETH network.

What is Ethereum and Ethereum Classic?

Ethereum is a decentralized intelligent contract and a distributed DApps platform of autonomous applications that aims to be the only supercomputer in the world.

The network uses its native Ether (ETH) cryptocurrency and is used to create and run smart and (DApp) contracts without complaint, downtime or third-party requirements.

Ethereum Classic is a hardfork of Ethereum created after the hacking of the Decentralized Organization Organization (aka DAO).

Ethereum Classic (ETC) is also a decentralized blockchain programmable as ETH.

Ethereum Classic (ETC) is an open source, public, and blockchain-based distributed platform that works on the basis of smart contracts.

The Ethereum cryptocurrency shares similar characteristics to the second largest cryptocurrency. Ethereum Classic offers the possibility to create and implement smart contracts and decentralized apps. It also has the same average block time, with the same dimensions and the same reward.

ETC is traded on exchange and offers the same functionality as decentralized apps and smart contracts like Ethereum (ETH). It also has the same language of intelligent contracts called Solidity.

Community preference

Ethereum was the most preferred of the two. The cryptocurrency community has used Ethereum more often for the launch of ICO, smart contracts and the development of Dapps.