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Ethereum Classic Review

Margo

Margo

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Jun 15, 2018
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#1
Ethereum Classic (ETC) was launched in July 2016 as a result of the split of Ethereum network. The two cryptocurrencies have the same operation mechanism —it is the build of decentralized apps based on their own virtual machine. In addition, ETC and ETH have the same application field — buying other assets and paying for smart contracts creation.

The key differences between Ethereum Classic and Ethereum are the following:

  • Ethereum Classic's blockchain is unchangeable; data entered in the register cannot be changed (Ethereum's blockchain is changeable);
  • Ethereum Classic issue limit is 210 million ETC (in Ethereum the coins' issue is unlimited);
  • In Ethereum Classic, both developers's team and community members take place in the decision-making process (In Ethereum — only developers).

Ethereum Classic has an easier mining process and a higher processing capacity -- maximum load on the system reaches 25 transactions per second, instead of 15 ones in Ethereum.
 
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