Review of Ethereum Classic (Oct 2017)

zorro7 (50)in #cryptocurrency • 7 years ago

It has been a while since I have taken a look at Ethereum Classic (ETC). After reviewing a paper that I will link below, I have put this at the top 3 of my watch lists.

Current Supply: 96,022,732
Current Price: $12.96 USD

Opportunity:

Limited Supply of ETC. Before this, I thought that it was uncapped like Ethereum (ETH). But the total market cap will be around 210 Million coins (source paper attached). In contrast, ETH is not capped. This should allow the price to appreciate, if utility can be added to the coin. Furthermore, this limit on ETC creates a store of value.
Decentralized. The ETC economy is vastly more decentralized in terms of coin holders and organization from ETH. For example, before ETH was released developers and founders purchased 72 out of 93.7 million tokens which centralizes the economy. Furthermore, the ethereum alliance is far more centralized than ETC's structure.

Risks

One large known is whether or not ETC can scale to "fuel" the Internet of Things (IoT) devices.
Another risk is that there have not been many Decentralized Apps written for ETC.

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