Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
Ethereum Classic is a public, open-source, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum Classic also provides a value token called “Classic Ether”, which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker ETC.
NOTE: WARNING: Ethereum Classic is not a limited platform and its tokens are not limited. It is a public, open-source platform with an unlimited supply of tokens. Therefore, please beware of fraudulent activities or scams related to Ethereum Classic that may claim ETC to be a limited resource or offer “limited” tokens.
Although Ethereum Classic has been around for less time than Ethereum, it has already garnered significant support from the crypto community. One of the key reasons for this is that Ethereum Classic has maintained its commitment to immutable blockchain technology, even in the face of adversity.
This has endeared it to many diehard crypto enthusiasts who see it as the only true Bitcoin competitor.
However, Ethereum Classic is not without its critics. Some have argued that its lack of backwards compatibility with Ethereum means that it will never be able to attract the same level of developer support.
Others have questioned the need for another Ethereum blockchain given that Ethereum itself is still in development and has yet to reach its full potential.
Whether or not Ethereum Classic will be able to establish itself as a major player in the cryptocurrency space remains to be seen. However, there is no doubt that it has made a strong start and has already carved out a loyal following among those who believe in the power of immutable blockchain technology.
9 Related Question Answers Found
Ethereum Classic is a fork of the Ethereum blockchain. It is an open-source, decentralized platform that runs smart contracts. Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
This is a question that has been on the minds of many investors recently. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property.
When it comes to cryptocurrencies, there are a lot of options to choose from. You have Bitcoin, Ethereum, Litecoin, and a host of other altcoins. But what about Ethereum Classic?
The world of cryptocurrency is a volatile one, and nowhere is this more apparent than with Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
When it comes to Ethereum Classic, the question of whether or not it is a good investment boils down to understanding what the asset is and what it offers investors. For starters, Ethereum Classic is an open source, decentralized platform that runs smart contracts. These contracts are applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum Forsage is a new, revolutionary way to earn cryptocurrency. It’s a decentralized, peer-to-peer system that allows anyone to earn crypto without having to put down any money upfront. All you need is a computer or smartphone and an internet connection.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
Ethereum, the world’s second-largest cryptocurrency by market value, is a buy, say analysts at investment bank Goldman Sachs. In a note to clients Monday, the Goldman analysts said they expect ethereum to benefit from growing interest from central banks and corporations in using the cryptocurrency and its underlying blockchain technology.
“We believe Ethereum is benefiting from three distinct tailwinds: 1) a structural change in the cryptocurrency industry as crypto assets become more institutionalized; 2) a broadening set of use cases for Ethereum’s decentralized platform; 3) and technical improvements to Ethereum’s blockchain network,” the analysts wrote. The price of ether, the native cryptocurrency of the Ethereum blockchain, has surged more than 400% this year as corporations and financial institutions have shown increasing interest in using Ethereum’s blockchain to build new applications.
When it comes to cryptocurrencies, there are plenty of options to choose from. However, not all of them are created equal. Some are more popular than others, and some have more potential than others.
