Ethereum Classic stated, Ethereum Classic is and will always be a proof-of-work system— the most secure.

And users were chuckling like:  How much you lose monthly with 51% attacks?

Defence statement read like:  What are they supposed to do? The fact that people are targeting ETC shows that more people are coming in.

Reportedly, they have to state that 51% attacks are unlikely given MESS and Etchash.  Also, Ethereum Classic was never hacked—it worked as designed, since its launch in 2015. Nobody can steal your ETC unless they have your Private Key.

ETC cooperative expressed, there are many questions surrounding ETC. We understand that many of you simply do not have the time to research and learn about a cryptocurrency you’ve never heard of. We’ve provided short video to do just that help explain. What is EthereumClassic?

For those who are new, it is worth watching the video that explains what Ethereum Classic is all about.

Ethereum Classic is a peer-to-peer payment network and platform for decentralized applications with Ticker symbol ETC. With Proof of Work as the Consensus mechanism.  ETC was created during the DAO hard fork under the value of immutability.

ETC and ETH are compatible. All EVM based tools are cross compatible. However, ETC has fixed monetary policy for 210 ml ETC. And, the most important is to remain proof-of-work for the foreseeable future.  They have a different vision.

The development organizations behind ETC are ETC cooperative, Input Output, and Ethereum Classic Labs.

The protocol providing clients are Hyperledger BESU, Mantis, Core-Geth.

The Roadmap for 2021 about current proposals being developed under ECIP process:  Proto-Treasury to established formal governance and funding for multiple independent core development teams and the community.

Keccak-256 (Sha-3) to change the PoW algorithm and become a majority PoW network. Checkpointing to temporarily eliminate PoW attack vectors while network matures to a point a Checkpointing is no longer needed.

To participate in ETC users should create a wallet and start using ETC for peer-to-peer transactions. Mining ETC to process transactions and get rewarded in ETC. Build decentralized applications such as DEXs, Defi, NFTs, etc. And be a member of the community.

Whether ETC or any other blockchain investors need to understand the technology, principles and price prediction. Just like any other asset, there are dips with ETC. The whole of the cryptocurrency market is going south.  With patience the market will recover.

NOWPayments is the perfect service to use if you want to accept Ethereum Classic payments on your website, online store, or social media account. We provide a simple payment gateway you can easily embed and manage. It’s perfect for crypto donations, payments, and fundraisers.