Altcoins News
By Dan Saada
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More numbers of Miners are joining the Ethereum Classic Network, thus making the network more secure.
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Of note, Ethereum Classic is one of the most accepted cryptocurrencies, which is traded on hundreds of exchanges worldwide.
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Also, it is the ultimate expression of all the properties of money as it has all the properties, but is also trust-minimized, programmable and highly secure on a global scale.
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Also, Ethereum Classic intentionally makes a tradeoff by being expensive for their users; however, this is to make things secure, when compared to traditional tech services.
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Also, the supply of ETC is limited to prevent devaluing by inflation. This is certainty about future supply, which provides for a strong store of value.
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“Fungible: A given unit is interchangeable with any other unit. 1 ETC = 1 ETC.
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Durable: Cryptocurrency does not degrade over time like physical money.
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Divisible: Gold can be melted down and recast. ETC can be split to 18 decimal places.
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Portable: Cryptocurrencies enable frictionless transfers to anywhere in the universe.
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Uncounterfitable: Proof of Work plus hash power equals double spending being extremely difficult to achieve.
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The fact that ETC is the only major smart contract platform with a known future supply gives a sure fire certainty about what the future looks like.
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Also, about 63% of the ETC that will ever exist has already been mined. Over 99% will be mined by around 2065.
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They have also compared and contrasted the properties of some other chain in a maximally biased way in terms of known supply, proof of work, turning complete, no premine, no…
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We hope you’ll like this article and if so feel free to send a tip to our writers in ETC Or any other Cryptos via this link.
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