Will Ethereum Classic be a good investment in 2019? – BTC wires

Of& nbspSumedha Bose

The new year is fast approaching us. So, along with your party plans, you should also plan your future investments for the year 2019. And if Ethereum Classic is an investment you're looking at, you might find this piece very useful.

To put it simply, Ethereum classic is the blockchain network that currently has a lot of attention on the market. So the question of whether or not it is a good investment bet to make in 2019 is a question that has contradicted the industry. We will try to summarize the basics for you and help you make a more informed decision about it. Before proceeding, it is advisable to take a look at the Ethereum Classic Beginner's Guide.

Ethereum Classic: the basics, what is it?

The history of the origins of Ethereum Classic dates back to 2016. At that time, the Ethereum community suffered a major controversy that was largely focused on the security issues that the network was facing. It concerned an attack on a decentralized autonomous organization that the community was trying to launch on their platform. So the community of Ethereum as a whole decided that they wanted to have a big obstacle to reverse a big problem that cost the 3.6 million Ethers platform. However, the faction of that community that did not agree with this, decides to maintain the previous platform, and therefore, Ethereum Classic was born. Check out our article on & # 39; 10 Differences between Ethereum and Ethereum Classic & # 39; for clarity.

What are the reasons for putting your money behind Ethereum Classic?

Well, for starters, it's a classic network, so the chances of other forks are not close to any. This in essence also guarantees the conservation of the price of cryptocurrency, which reveals a good return on investment on your money, which will only benefit from the gains that the currency invests. So, when prices go up, even your profits.

The mining of Ethereum Classic is slightly more complicated than Ethereum, making it more low-profile. It has a bomb of difficulty that is embedded in the network, making it even more difficult mine with the demonstration of the protocol of work consent over time. Therefore, it is possible to realize the vision of creating a completely decentralized blockchain network without limits.

The security of Ethereum Classic is quite solid. Because it is like a blue-chip cryptocurrency, there is an additional security protocol. Investments on blue chip cryptocurrencies are generally considered more profitable as they allow higher returns.

Pricing for prices

Around 2019, Ethereum Classic is going strong. He is currently trading at $ 3.68 U.S. DOLLAR. In the long run, we believe it will serve as a good investment. The fact that it is much less volatile than the other criptos on the market also makes it more likely to see strong gains in 2019.

In addition, Coinbase's decision to list the currency on its platform also had a positive impact on the reputation of cypto in the market. We're not making bold claims here, but we're also encouraging to keep the ETH token for a bit more.

Sumedha Bose

Sumedha uses words like her crutch to get by in life. He takes a keen interest in discussing, dancing and destroying patriarchy in his spare time. You can be contacted at [email protected].