Ethereum Classic (ETC)
Why Ethereum Classic (ETC) Is Better Than Ethereum
The Ethereum Classic project was started by Vitalik Buterin after an incident with Ethereum. Users of the Ethereum network tried to draw the team's attention to an error in the initial code, but the developers didn't pay enough attention to the claims. That cost them nearly 50 million dollars in cryptocurrency stolen by hackers. Later, they managed to identify the attacker and even return the funds, but the reputation suffered significantly. In the end, the new coin was created to solve the security problems of its predecessor. Thus, today you can buy Ethereum Classic without worrying about the safety of your investments.
ETC managed to become the headliner in the cryptocurrency market extremely easily. Traders could buy Ethereum Classic on Poloniex, Bitfinex, Kraken, BTC-e, and other large exchanges after only a couple of weeks after the coin had been introduced. One of the key features of Ethereum Classic is a high level of protection against hacker attacks which has been proved in practice. That is why many investors worldwide prefer to buy Ethereum Classic. During the two following years, the network was attacked many times, but no one was successful. In addition, ETC became more popular than ETH. These facts show that buying Ethereum Classic is a better investment. The supply of this cryptocurrency type is limited to 210,6 million coins. In this way, the developers protected Ethereum Classic from potential inflation and its negative impact on the exchange rate. You can buy Ethereum Classic and be sure that the project won't pop like a bubble.
Ethereum Classic Pros and Cons
Experts agree that it is better to buy Ethereum Classic for long-term investing. But at the same time, it is a mistake to ignore ETC in the context of trading.
The following advantages of the coin can be identified:
- high liquidity;
- open source;
- fixed coin amount;
- the project is supported by Charles Hoskinson and Gavin Wood who are influential members of the global cryptocurrency community.
But before buying Ethereum Classic, let us summarize the disadvantages of this cryptocurrency type. First of all, the number of blockchain engineers developing the project is much smaller than that of competitors. Besides, the coin has some cons of any other cryptocurrency, that is why you should take the risk into account, if you decide to buy Ethereum Classic.
ETC Wallets and Mining
Emerald Wallet is an official wallet for storing Ethereum Classic. This is a cross-platform desktop wallet with the support for Ethereum, Ethereum Classic, and the other ERC-20 compatible tokens. Private keys are kept in the secure local storage.
Pay attention, that it is far not the only wallet for using ETC. The full list is presented on the official website of Ethereum Classic in the section Resources.
As for mining, the coin can be earned in the same way as Ethereum. For the most popular way of mining ETC, one needs a wallet, connection to a mining pool supporting the coin, a farm of at least 4-6 powerful video cards, a specific software.
Compared to ETH, miners experienced some changes due to stepping away from usual pools and creating their own network for mining ETC. The Viper compiler was also developed, which is used for faster and easier programming smart contracts.
Where To Buy Ethereum Classic
If you are considering buying Ethereum Classic, let us say some words about the prospects of ETC. From the very beginning, this cryptocurrency type was supported by Poloniex, a large crypto exchange. That helped a lot to draw positive attention to the coin and make private traders and public investors give ETC a chance to prove itself.
Currently, the price of Ethereum Classic is rather stable, that makes this cryptocurrency a good choice for investing in the long run. It is widely available on most exchanges like Binance, Kucoin, Livecoin, Exmo, P2B, etc.
You can buy Ethereum Classic using a credit card or virtual wallet in a very easy way. Join the P2B exchange community and start trading!
P2B is a large exchange that has been operating since 2018. We offer you to buy popular and new coins among the selection of more than 300 ones and 700 trading pairs.
Our platform is perfectly optimized for carrying out up to 10,000 protected transactions per second. In addition, we invite you to participate in our monthly games with great financial prizes. All you need is to recommend P2B to ten or more friends to have a greater chance of winning!