Home Altcoins News Ethereum Classic (ETC) PoW Change to Sha3 Makes it Efficient than Bitcoin, ETC.

Ethereum Classic (ETC) PoW Change to Sha3 Makes it Efficient than Bitcoin, ETC.

ethereum classic ETC

Stevan Lohja, Developer Relations of Mantis IQ at Ethereum Classic Stated, PoW change to Sha3 will make ETC PoW more efficient than both Bitcoin and Ethereum. Why? – Sha3 is smaller, faster, more efficient. – Sha3 hw is cheaper and documented – 1 Sha3 ASIC is more efficient than 200 gaming computers. – Sha3 wins security and environment.

Many of them in the ETC community has to state that they are not giving a financial advice, but say the buying opportunity is coming.  “Some of them are like I always regret why I didn’t buy Bitcoin when it was $200. I’m not making same mistake on ETC.” And that, Ethereum Classic is similar to Bitcoin in fundamentals.

Twitter Phoenix handle published:  Bitcoin and Ethereum Classic as Complementary Proof of Work Base Layer Systems with All Other Systems on Top.

Reasoning Those blockchains with Layer 1 Pow:

Bitcoin (BTC) Proof of Work, Fixed Monetary Policy, Maximal Security.  Bitcoin has maximal security for the store of value will support tap root/graft root, but smart contracts will be stored and executed elsewhere.

Ethereum Classic (ETC) Proof-of-Work, Turing Complete, Fixed Monetary Policy.  Ethereum Classic has extremely high security and will support high-value smart contracts at the base layer. ETC smart contracts can execute and settle value for Bitcoin as well.

Reasoning Those blockchains with Layer 2 Pow: Lightning Network Channels; RSK/LIQUID Merged Mining, Federation, Block Signers, Watchmen, BTC Monetary Peg; ETH 2.0 Proof-to-stake, Sharding, Stakers, and No Monetary Policy; EOS/Tezos proof-of-stake, Bakers, Block producers, Voting, Liquid Democracy; Libra Permissioned, validators, stablecoin, backed by fiat currencies.

It just feels like several community members are unwilling to eat time when it is about buying the Dip. When it is like lower lows and higher highs, it is time to buy the dip.

They are like:  “If you can’t handle my worst, you don’t deserve me to my best. Don’t panic on crypto, especially in great projects like ETC.”

Many of them are like HODL, HODL and HODL. Today, people are sleeping on ETC. Eventually, it will be the only remaining crypto programmable with a store of value similar to Bitcoin.

When is it about the discussion which one is the more logical for transactions between ETC and ETH? Ethereum transaction fee $64.  ETC transaction fee $1. 

So, everyone who has invested with a blockchain seem to have a bias for that token.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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