Primer on Ethereum Classic: Is it Undervalued?

drschilling (38)in #ethereum • 7 years ago (edited)

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GENERAL INFO

Ethereum Classic is a stable token with a stable community. [4]
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. [5]
Ethereum Classic is a project to keep the original censorship-resistant Ethereum going. [6]
Ethereum Classic is one of the most profitable tokens to mine. [4]
The Ethereum page has much more content, but the underlying technologies of Ethereum and Ethereum Classic are exactly same. [1]
Ethereum and Ethereum Classic are not the same, so some of the ideas flying around out there that they should be equal are completely bogus. [3]
Now that blockchains like Lisk, EOS, and Ethereum Classic are growing, however, the innovative coin may lose its grasp of the token market. [7]

KEY TOPICS

Since Ethereum Classic split away from Ethereum as a result of the DAO hard fork last summer, the two smart contract platforms have shared the same codebase, the same smart contract development tools and more. [8] Now Ethereum Classic is striking out on its own in a move developers behind the effort hope will position the platform as a viable alternative to Ethereum. [8] Earlier this week, Alan McSherry, Ethereum Classic developer and Mantis project lead, announced the beta version of the new Ethereum Classic client in a blog post.[8] Built in the functional programming language Scala, Mantis represents a serious effort by the Ethereum Classic community to gain recognition for having its own team of developers on par with those of Ethereum. [8] "This is a good starting point for our influence in the Ethereum Classic community," said McSherry, in speaking with Bitcoin Magazine. [8] Ethereum classic price is attempting an upside move against the U.S. Dollar and Bitcoin. [9] Ethereum classic price gained bullish traction against the U.S. Dollar and Bitcoin. [10] Ethereum classic price after a minor decline found support near $13.60 against the U.S. Dollar. [9] Ethereum classic price made a nice upside move and traded above $15.00 against the U.S. Dollar. [10]

It is a theme that plays well in the Ethereum Classic community’s stance on immutability and the idea that if "code is law" then smart contracts need to run in a more secure environment. [8] There’s also a full fledged Mist wallet, which is the native software that runs Ethereum, adjusted to work with Ethereum Classic. [2] McSherry explained that the hope is that Mantis will eventually become the flagship client for Ethereum Classic.[8] To be clear, Mantis is not the only client available to Ethereum Classic users. [8] They spent seven months building Mantis, a unique Ethereum Classic client, from scratch. [8] The Ethereum Classic community maintains two other Ethereum clients: Geth, written in Go, and Parity, written in Rust. [8] Having hundreds of millions of dollars worth of market cap means a lot of people are buying into the Ethereum classic paradigm. [2] You’ve also probably heard of Ethereum Classic, which is currently ranked as the 5th biggest altcoin according to its market cap. [2]Mantis also sets the foundation for future innovations in Ethereum Classic. [8] In terms of a road map for Ethereum Classic, Mantis is a stepping stone to bigger things and perhaps a greater technical divergence from Ethereum. [8] Aside from a few protocol changes, like defusing the difficulty bomb and capping the monetary policy on the Ethereum Classic chain, for all intents and purposes, the two networks have been nearly identical. [8] Some people didn’t like the rollback idea at all that’s when Ethereum Classic was born. [2] This short guide will explain the difference between the two coins and how you can buy Ethereum Classic. [2] I Hope you now have a better understanding of what Ethereum Classic is and why it exists. [2]

At the time of the split, due to a lot of uncertainty, both ETH (Ethereum) and ETC (Ethereum Classic) had some pretty volatile price swings. [2]

Ethereum classic price is currently recovering against the U.S. Dollar and Bitcoin. [11] Ethereum classic price declined below the $13.00 support against the U.S. Dollar, but later recovered. [11] The Split part of Ethereum Ethereum Classic price in a matter of minutes did explode upwards increasing approximately 25 percentage points. [12] The release of this beta client, Mantis, will take place today and is the culmination of seven months of work by the Grothendieck Team, the IOHK developers dedicated to Ethereum Classic. [13] Mantis is the name given to the new Ethereum Classic client produced by the Grothendieck Team. [14]

We are excited to announce that there is now an Ethereum (ETH) client built specifically for the Ethereum Classic (ETC) community. [13]Through the execution of forks and protocol changes, Bitcoin, Ethereum, Ethereum Classic and Litecoin have been highly successful in improving their underlying infrastructures in terms of privacy, security and scalability. [15] If all this happened because of exchange activity, Ethereum classic could be profiting in the same way like Monero and Ripple this week. [12] My friend has now left to travel the world as he is truly OG (off grid) - however he did say to me that he regrets selling his ETC. He said he is going to sell some of his ethereum and buy back his ethereum classic as a defensive strategy. [16] Ethereum Classic is breaking-out of a long-term trading range as we speak, and it quickly surged past the $18 resistance level, after leaving behind the key short-term level just above $16. [17]

Since the hard fork, ethereum classic has been abandoned by most developers and I believe it will be a question of time till it will vanish from the top 20 or at some point in the distant future (a few years) die completely. [3] What are the odds or probabilities of Ethereum Classic cryptocurrency making it to a $100 price tag? Also, are there any signs of a merger wit. [3] Ethereum Classic is a project to keep the original censorship-resistant Ethereum going. [6] In short: It has neither the amount of transactions nor the community support for me to consider Ethereum Classic undervalued or desirable for investment. [3] Ethereum Classic Correction Wave B Ethereum Classic! Based on the chart, it looks like we are in the process of an A - E correction (i.e., wave 2). [18] Ethereum Classic development is currently more infrastructure oriented.[3] First steps will be upgrading web presence of Ethereum Classic and outlining major points in ETC promotion plan. [3] Ethereum and Ethereum Classic are not the same, so some of the ideas flying around out there that they should be equal are completely bogus. [3]

I accidentally transferred my wallet address from ETH (Ethereum) to ETC (Ethereum Classic) while trading on Polo. [3]

In 2016 Ethereum was forked into two blockchains, as a result of the collapse of The DAO project, thereby creating Ethereum Classic. [19]Ethereum classic price declined sharply versus the U.S. Dollar and Bitcoin. [20] Ethereum classic price continued to move lower and traded below $14.80 against the U.S. Dollar. [20]

Through the execution of forks and protocol changes, Bitcoin, Ethereum, Ethereum Classic and Litecoin have been highly successful in improv.[21] That being said, smart traders can still make money with Ethereum Classic, but is it worth the effort knowing that you can lose it all? You be the judge. [22] That "first" Ethereum is now known as Ethereum Classic, with the "regular" Ethereum evolving beyond its original design. [22] For what it matter, pretty much all original Ethereum heavyweights have moved to the new Ethereum, with some of them even openly bashing Ethereum Classic. [22] It coexists alongside the original and less valuable Ethereum Classic (ETC). [22] The daily chart of the Ethereum Classic or ETC/USD pair shows the bulls are working hard to avoid a big downside break of the descending triangle pattern. [23] As a result of the dispute, the network split in two, Ethereum (the subject of this article) and Ethereum Classic. [19] I can conclude that community of Ethereum CLassic is extremelly small compared to this crypto currencies' communities. [1] The Ethereum page has much more content, but the underlying technologies of Ethereum and Ethereum Classic are exactly same. [1] Although Ethereum Classic is still being traded on many exchanges, it is nowhere close to the (new) Ethereum. [22]

Virtual currency wallet Jaxx, which was developed by Ethereum co-founder Anthony Di Iorio, announced that it would add iOS support for Ethereum competitor Ethereum Classic in early September. (Ethereum Classic is the original version of Ethereum, which persisted against the odds after Ethereum proper split off in an attempt to save millions of dollars worth of the currency from a hacker.) [24] Though Mantis is still considered as "beta" software and the developers warn against using it with real funds, this represents an important move forward for the currency as up until now Ethereum Classic hadn’t significantly differentiated itself from its parent, Ethereum. [25] Grothendieck Team from IOHK has announced the release of Mantis beta version - an Ethereum Classic based client with a command line interface built specifically for the Ethereum Classic community. [25] Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. [5] Key Highlights Ethereum classic price after a minor decline found support near $13.60 against the U.S. Dollar. [26] The post Ethereum Classic Price Technical Analysis - ETC/USD Remains Supported appeared first on NEWSBTC. [26] As Ethereum Classic’s development begins to diverge from Ethereum’s, it’s clear that Ethereum Classic is no mere clone. [25] Di Iorio said that Jaxx will attempt to bring Ethereum Classic to the App Store again, within the next week or so, but without Dash support. [24] Days later, though, Jaxx made it onto the App Store without Ethereum Classic, and without another currency, Dash, that was supported in a previous version of Jaxx on the App Store. [24] The available supply of Ethereum Classic (ETC) is 94516600 ( ninety four million five hundreds sixteen thousand six hundreds ) and the total supply is 94516600 ( ninety four million five hundreds sixteen thousand six hundreds ). [27] Ethereum Classic (ETC) crypto currenccy has rank of 10 has a market capital of 1355760000 ( one billion three hundreds fifty five million seven hundreds sixty thousand ). [27]

It's worth noting that the DAO is a failed experiment on Ethereum that was hacked for millions of dollars in June, and was the cause for the split that created Classic in the first place. [24]

It is because of this that Ethereum Classic has functionality that is nearly identical to that of Ethereum: developers within the Ethereum Classic community can create smart contracts in similar fashion to those within the Ethereum community. [7] Ethereum Classic does a great job at keeping the entire community (whether you are a developer or just an invested user) updated on what they have planned for the token. [4] Now that blockchains like Lisk, EOS, and Ethereum Classic are growing, however, the innovative coin may lose its grasp of the token market. [7]Ethereum Classic tends to believe that this kind of hacks can happen, and instead of changing the core of the coin and splitting the community more, they should accept that the blockchain is not invincible to cyber attacks and find other ways to defend from these attacks. [4] The original, unchanged blockchain that remained after the hard fork, Ethereum Classic (ETC) was the same technology as Ethereum (ETH), before the hack of the Distributed Autonomous Organization. [7] Ethereum Classic is still extremely active, and ICOs are building platforms off of its blockchain.[4] Companies and organizations are able to host their token launches on the Ethereum Classic blockchain, in addition to the Ethereum blockchain, with little extra work in development, making it a practical platform for launching tokens. [7] Ethereum Classic will always support mining and encourages miners to mine the original Ethereum blockchain. [4] These competing blockchain technologies include EOS, Lisk, and Ethereum Classic. [7] Ethereum is the result of a "hard fork" from Ethereum Classic. [4] Ethereum Classic current price and Ethereum Classic details. [28] Ethereum Classic is a stable token with a stable community. [4] Ethereum Classic is what Ethereum was meant to be in the eyes of the community. [4] Ethereum Classic works to stay decentralized and profitable for miners. [4] Two Ethereums? Which one do I pick? How is this even possible? Is Ethereum Classic (ETC) just a scam? These are the thoughts that probably went through many people’s head when first hearing about Ethereum Classic. [4] Although ETH clearly has a larger market cap than ETC, there are some big distinctions between the two that may sway your opinion to invest in Ethereum Classic. [4] You will then have two different Mist wallets, one running on Ethereum, and one running on Ethereum Classic. [29] A clean address is an address created post-fork, which has only Ethereum coins or Ethereum Classic coins, but not both. [29] Ethereum Classic is one of the most profitable tokens to mine. [4] Ethereum Classic is just one of many cryptocurrencies you can mine. [30]

Ethereum classic price is correcting lower against the U.S. Dollar and Bitcoin, and ETC/USD is currently testing an important support above $19.00. [31] Ethereum classic price is gaining pace against the U.S. Dollar and Bitcoin. [32] Ethereum classic price is following a bearish path versus the U.S. Dollar and Bitcoin. [33] Ethereum classic price after a nasty upside move towards $24.00 against the U.S. Dollar started a downside move. [31] Ethereum classic price is back in the bullish zone and trading above $15.50 against the U.S. Dollar. [32] Ethereum classic price failed to remain in the bullish and moved below $16.00 against the U.S. Dollar. [33] Key Highlights Ethereum classic price finally broke the $16.60 resistance against the U.S. Dollar. [34] The post Ethereum Classic Price Technical Analysis - ETC/USD Back Bullish appeared first on NEWSBTC. [34] Cripto currency golden logo coins: IOTA, Ethereum Classic, Monero, Dash, Litecoin, Nem, Ripple, Ethereum, Bitcoin. [35] Cripto currency logo set: Bitcoin, Litecoin, Ripple, Zcash, Monero, Nextcoin, Siacoin, Dogecoin, Bitshares, BigiByte, Dash, Stratis, Nem, Steemit, Ethereum, Ethereum Classic. [35] Cripto currency logo coins: Stellar Lumens, Siacoin, Golem, Dash, Nem, Zcash, BitShares, IOTA, Ethereum Classic. [35] Crypto currency and money exchange set: Tenge, Ukrainian Hryvnia, Franc, Pound sterling, Russian Ruble, Yen, Euro, U.S. Dollar, Zcash, Ethereum Classic, Dash, Litecoin, Nem, Ripple, Ethereum. [35] Tiny silver Ethereum Classic (ETC) laying on the ground in front of huge silver Ethereum (ETH) coin. [35] Big stack of Ethereum classic (ETC) coins isolated on white background. [35] Big stack of Ethereum classic (ETC) coins on gently lit green background. [35] Pile or stack of silver Ethereum classic (ETC) coins isolated on white background. [35] Clash of Ethereum and Ethereum classic coins on a gently lit reflective dark green background with copy space. [35] Ethereum classic (ETC) coins in blurry closeup with sunburst from above. [35]

POSSIBLY USEFUL

Ethereum was much smaller back then, theDAO held about %14 of all of the ether in existence and ETH price was dropping. [2] Mantis is different from existing Ethereum clients in that it was written in Scala, a functional programming language. [8] In that respect, Mantis essentially represents a full end-to-end copy of Ethereum. [8]

I personally can't say what will happen with Ethereum (or Bitcoin for that matter), I don't think no one can. [2] You’ve probably heard of Ethereum, which is the second most valuable cryptocurrency in the world, currently second only to bitcoin. [2]

The unique proposition of Ethereum is being an unstoppable code, a system in which code is law, and whatever you program into it just runs and no one can stop it. [2] The proposed solution was to roll back the entire Ethereum blockchain to the point of before the attack took place, and changing the code so that theDAO investors would be able to undo their investment and get their ETH back. [2] Due to the way theDAO contract was writtten, Ethereum developers had a month before the hacker can start draining out the funds. [2] Through an ICO theDAO crowdfunded over $140 million in ether (Ethereum's currency), the biggest crowdfund in history at the time, which was sent to be locked into a smart contract.[2] The ethereum development team, many of which were involved in theDAO project, were shocked. [2] The very fact that the Ethereum development team were able to undo theDAO conundrum was a warning sign to many. [2]

Now he is a full time writer for the team of Ethereum World News. [12] I was also under the impression that ethereum was like other crypto where updates would be decided by everyone in a disorganized and chaotic matter over time. [16]

Ethereum might be the next coin to move to an all-time high, as the ETH token’s price is very close to the key $400 level, as Monero and Dash are also not far off their record levels despite the recent correction phase. [17] IOHK wants to demonstrate that it has the technical competency and culture to be a leader for the development of ETC. Second, IOHK wants to dispel the myth that ETC is a "copy and paste" coin that uses other people’s code, and show that it is an independent and viable alternative to Ethereum. [13]

We believe in the original vision, of Ethereum as a world computer that you cannot shut down, which runs irreversible smart contracts. [36] The original chain of Ethereum could be profiting from investors/traders in South Korea based on sources and information on twitter. [12] "The lack of incentives to work on core protocols is reflected in the large number of people working on Ethereum tokens vs. the small number working on Ethereum itself. [15] Looking to buy back some Bitcoin and Lisk and Ethereum at the bottom. [17] In an extensive article entitled " Scaling Ethereum to Billions of Users," Ehrsam noted that Ethereum needs to scale by a factor of 100-fold in order to serve decentralized applications with 1 to 10 million users. [15] I sold my 500 ethereum 2 months after the hard fork because I lost faith. [16]

In an interview with IT firm Itnig, Luis Cuende, the co-founder of Aragon, an Ethereum-based blockchain project which raised over $30 million in its initial coin offering (ICO), stated that he does not know any good Ethereum developers who are not millionaires due to the emergence of the ICO market which has fueled a market for competent Ethereum developers. [15] Commenting specifically on Ethereum development, Ehrsam noted that in order for Ethereum developers to contribute to the main blockchain and become incentivized by doing so, developers need to finance themselves by holding Ether or joining the Ethereum Foundation. [15]

If you contribute to the core Ethereum code base at best you 1) own a bunch of ETH personally and the price of them goes up a bit or 2) need to join the Ethereum Foundation and get paid some amount that wouldn’t match the economics of a successful token launch," said Ehrsam. [15]The trigger for such switch may come suddenly and take many forms: another bailout event similar to DAO, Ethereum Foundation being legally targeted / coerced by state actor, sudden failure of untried ETH POS, miners massively moving to ETC, etc. [16]

ETH was still here and there was a new chain ETC that was classic or something. [16] Kinda like a classic sports car is good but not like a new one. [16]

To achieve such scalability, Ehrsam explained that on-chain, off-chain, and two-layer scaling solutions must be developed and deployed in the Ethereum network to ease the burden on users, decentralized application developers and businesses. [15] In the upcoming weeks, the Metropolis hard fork and the integration of Plasma into the Ethereum network are expected to drastically enhance privacy and scalability of Ethereum transactions, through the implementation of relatively new cryptographic systems such as zk-SNARKs. [15]

"I don't know any good Ethereum developer that isn't a millionaire, and it's only a matter of time before it will become a gold rush among developers to learn the technology. [15]

Ethereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain. [37] Ethereum has far more transactions and is the foundation of many other blockchains and decentralized apps. [3]

The main goal of the project is to ensure survival of the original Ethereum blockchain, to provide an alternative for people who strongly disagree with DAO bailout and the direction the Ethereum Foundation is taking their project. [6] Being in the shadow of it’s own offspring - Ethereum (ETH), which got attention from large companies, has bigger community and moving forward faster. [3]

NEO and Ethereum are both open-source blockchain projects, with the ability to execute smart contracts or decentralized apps (dapps). [38]Ethereum is an open-source, public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [19]Ethereum is (as of 2017) the leading blockchain platform for initial coin offering project with over 50% market share. [19] Ethereum is used and being investigated as a permissioned blockchain in various projects. [19] In Ethereum all smart contracts are stored publicly on every node of the blockchain, which has trade-offs. [19] The DAO, which stands for the Decentralized Autonomous Organization, was a complex smart contract which promised to revolutionize (the original) Ethereum; it was designed as a decentralized venture capital fund that will be providing funds to Ethereum DAPPS. And those who wanted to vote on the matter did that with "DAO Tokens" which were sold for ether. [22] Development was funded by an online public crowdsale during July-August 2014, with the participants buying the Ethereum value token (ether) with another digital currency, bitcoin. [19] Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. [19]

"Imogen Heap shows how smart music contracts work using Ethereum". [19] A new implementation of Ethereum named "Casper" based on proof of stake rather than proof of work is expected to reduce the inflation rate to between 0.5% to 2%. [19] By the end of November 2016, Ethereum had increased its DDoS protection, de-bloated the blockchain, and thwarted further spam attacks by hackers. [19] Is backed by more than 200 corporations through the Enterprise Ethereum Alliance (EEA) which aims to make the blockchain technology useful for businesses. [22]J.P. Morgan Chase is developing a blockchain, atop Ethereum. [19]

Royal Bank of Scotland has announced that it has built a Clearing and Settlement Mechanism (CSM) based on the Ethereum distributed ledger and smart contract platform. [19] The downside is that performance issues arise in that every node is calculating all the smart contracts in real time, resulting in lower speeds. Ethereum engineers have been working on sharding the calculations, but no solution had been detailed by early 2016. [19] The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. [19] It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.[19] After Olympic, the Foundation announced the beginning of the Frontier network to mark the tentative experimental release of the Ethereum platform in July 2015. [19] Several prototypes of the Ethereum platform were developed by the Foundation, as part of their Proof-of-Concept series, prior to the official launch of the Frontier network. [19]

Since the initial launch, Ethereum has undergone several planned protocol upgrades called milestones, which are important changes affecting the underlying functionality and/or incentive structures of the platform. [19] Many uses have been proposed for Ethereum platform, including ones that are impossible or unfeasible. [19]

The event sparked a debate in the crypto-community about whether Ethereum should perform a contentious "hard fork" to reappropriate the stolen funds. [19] The article was based on a paper from the University of Cagliari, which placed the number of Ethereum smart contracts which facilitate Ponzi schemes at nearly 10% of 1384 smart contracts examined. [19] Formal development of the Ethereum software project began in early 2014 through a Swiss company, Ethereum Switzerland GmbH ( EthSuisse ). [19] Ethereum Virtual Machines have been implemented in C++, Go, Haskell, Java, Python, Ruby, Rust, and WebAssembly (currently under development). [19]

Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin, in late 2013 with a goal of building decentralized applications. [19] We put our bets Ethereum will be one of those assets, alongside Bitcoin and few of the newer cryptocurrencies that have a clear use case. [22] "Ethereum hits another record high after bitcoin and is now up over 5,000% since the start of the year". [19]

At the time of public announcement in January 2014, the core Ethereum team was Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson. [19] Every Ethereum node in the network runs an EVM implementation and executes the same instructions. [19] A finance blogger on FT Alphaville has pointed out that criminals are using Ethereum to run Ponzi schemes and other forms of investment fraud. [19]

ETH/USD Ethereum was suspiciously quiet during the Friday session as the U.S. dollar was very volatile. [39] The World Computer: Why Investors Should be Stocking up on Ethereum Jason Stutman makes the case for Ethereum and explains why the digital currency could end up one of the greatest investment opportunities of our lifetimes. [38] Regardless of whether it will supplant Ethereum, NEO certainly has traits that make it capable of holding its own in the digital currency market. [38] In the case of Ethereum and NEO, Ethereum has the first mover advantage. [38] In order for a DAPP to be funded, it first had to be whitelisted by the curators, who are basically known figureheads in the Ethereum world. [22]

The formal definition of the EVM is specified in the Ethereum Yellow Paper, original version by Gavin Wood. [19] "Code your own utopia: Meet Ethereum, bitcoin's most ambitious successor". [19] As of January 2016, the Ethereum protocol could process 25 transactions per second. [19] In Ethereum, smart contracts are treated as autonomous scripts or stateful decentralized applications that are stored in the Ethereum blockchain for later execution by the EVM. Instructions embedded in Ethereum contracts are paid for in ether (or more technically "gas") and can be implemented in a variety of Turing complete scripting languages. [19] Smart contracts are high-level programming abstractions that are compiled down to EVM bytecode and deployed to the Ethereum blockchain for execution. [19] The purpose of the EEA is to coordinate the engineering of an open-source reference standard and private "permissioned" version of the Ethereum blockchain that can address the common interests of enterprises in banking, management, consulting, automotive, pharmaceutical, health, technology, mobile, entertainment, and other industries, while working with developers from the Ethereum ecosystem. [19] The Olympic network provided users with a bug bounty of 25,000 ether for stress testing the limits of the Ethereum blockchain. [19] The value token of the Ethereum blockchain is called ether. [19]

"Decentralized Capital issuing fiat-backed digital assets on the Ethereum blockchain". [19]

At the end, the majority of community opted for the hard fork, which in turn brought along a new currency and that's how we got Ethereum (ETH) which we have today. [22]

Ethereum's ecosystem is designed to work on the basis of smart contracts. [22]

The Mantis release shows that Ethereum Classic’s developers are indeed hard at work on their project. [25] An Apple spokesperson told Motherboard that Apple supports Bitcoin, as well as alternatives Dogecoin, Litecoin, Ripple, DAO, Ethereum, Steem, Lisk and digi.cash. [24]IOHK wants to dispel the myth that ETC is a "copy and paste" coin that uses other people’s code, and show that it is an independent and viable alternative to Ethereum. [25]

Ethereum is still the de facto blockchain platform for token launches, as it is the first implementation to include smart contracts. [7] Ethereum, the first cryptocurrency to incorporate the smart contract into a production blockchain, is the most popular platform on which many companies and organizations issue their tokens. [7]

Though most cryptocurrencies and blockchain protocols are decentralized, ETC believes that they take it a step further with by sticking to the original blockchain of Ethereum. [4] The hard fork into Ethereum was many of the original user base’s (including founders Vitalik Buterin and Gavin Wood) answer to solving this loophole in the blockchain. [4] This hard fork happened because of a hack that lost the original community of Ethereum 50 million dollars. [4] Further looking into Ethereum Classic’s smart contract, the community takes a hard stance on "all sales final." [4]EOS introduces the Asynchronous Smart Contract (ASC), a technology that allows the network to process orders of magnitude more transactions than current implementations like Bitcoin and Ethereum. [7]

By keeping their blockchain stable, the way Ethereum was and always should be, they have developed a solid foundation that their investors can always trust. [4] Ethereum is no longer the only blockchain to support this innovative technology. [7] EOS is a blockchain implementation built to be a direct competitor to Ethereum. [7]

You’ll never have to worry about a fork happening with this token as they strive to stay as true to the original concept of Ethereum as possible. [4]Although it will remain the original decentralized application platform, Ethereum has gained notable competition since its initial release in 2015.[7]

Use this tool to safely separate or "clean" your Ethereum balances and avoid replay attacks and lost coins. [29] Even though Ethereum is worth more than ETC at this point, ETC is not going anywhere and it looking into the long run. [4] Much confusion can come from finally converting your USD to BTC and making your first Ethereum purchase. [4]

RANKED SELECTED SOURCES

(39 source documents arranged by frequency of occurrence in the above report)

1. (38) Ethereum - Wikipedia

2. (21) What Is Ethereum Classic? 10 Things To Know About Ethereum’s Brother - Disruptor Daily

3. (17) How to Buy Ethereum Classic (ETC) is 3 Simple Steps - A Beginners Guide

4. (15) Ethereum Classic Forges Its Own Identity With New Mantis Client

5. (12) Not Just Ethereum - Crypto Currently - Medium

6. (11) Ethereum Classic vs Ethereum: How We Got Here

7. (10) Is Ethereum Classic undervalued? - Quora

8. (10) Ethereum+classic Imágenes pagas y sin cargo, y vectores en stock | Shutterstock

9. (9) Coinbase Co-Founder: Lack of Incentives May Become a Major Issue For Bitcoin & Ethereum - Coinjournal

10. (6) Thoughts on Ethereum Classic : EthereumClassic