Ethereum Classic (ETC)

Wappie 20

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Wappie posted on November 18, 2019 06:34:55

Very low security chain.
Was already under attack. Suffered a deep chain reorg.
https://bravenewcoin.com/insights/etc-51-attack-what-happened-and-how-it-was-stopped
Negative advice.

kurtwuckertjr 68

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kurtwuckertjr posted on October 27, 2019 22:24:27

Ethereum Classic is the real, unbroken consensus of Ethereum. Even though Ethereum itself isn’t a scalable concept, I respect the ETC devs and miners for building an ecosystem with balls and principles!

It’s more than can be said for almost any other project out there.

mistergrin 102

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mistergrin posted on August 16, 2019 15:21:05

ETC is still stuck on their high and mighty immutability anti-DAO stance. Besides that they seem to have pretty low interest from the community as seen by their subreddit and forum (https://forum.ethereumclassic.org/) activity.

They do however still have developers working on it and are planning to execute a new upgrade fork (Atlantis) soon.

I guess another benefit(?) Click here to see more... of ETC is that they'll always stay Proof of Work and wont tinker with Proof of Stake scalability solutions like Ethereum (ETH) is.

Finally, some lead devs are toying around with the idea of changing their name and removing "Ethereum" from it altogether.

Dantwstinf 11

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Dantwstinf posted on June 02, 2019 10:40:52

Ethereum classic provides developers with an alternative with lower dollar costs per transaction. I am sure over time it will establish itself, but the price is unlikely to ever math that of ethereum.

Cyber Crypto 7

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Cyber Crypto posted on March 11, 2019 09:21:37

As an ACTUAL developer in this space, who has spoken to 1000s of ppl. I can say that ETC is in fact NOT a scam. Its sad that so much "fake news" is spread accross the Crypto space. As many may not realize, ETC is IN FACT the real Ethereum, and ETH is the fork. Reason being that ETC did NOT wish to give funds to hackers and ensure immutable code, NVR to be reversed. ETC has done more fir Dev than any Click here to see more... other coin offering smart contracts, except maybe Ubiq?

GlennHeartland 15

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GlennHeartland posted on February 09, 2019 23:11:57

I’ve been involved with these guys for a year now and they are doing an okay job. I feel like it’s more of a money grab then anything else. A bit embarrassing all round.

Dr. Doom 268

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Dr. Doom posted on January 17, 2019 19:29:34

First they said: it wasn't a 51% attack, but just miners testing or what not. then they suddenly said wait for like 400 confirmations. Seems like this project can't be taken seriously much longer, although I did find their position with the DAO attack (which created ETC, or actually kept the original chain alive) more aligned with basic principal of crypto. However, unfortunately this project seems Click here to see more... to be as good as dead, unless anyone can point out any major developments. Remarkably the price didn't move that much after the attack; so I guess nobody even cared enough to panic sell lol.

stellarowl12 224

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stellarowl12 posted on January 08, 2019 23:22:55

So this project split from Ethereum (ETH) when its supporters refused to support the DAO hard fork to return the hacked funds from the smart contract. "Code is law" they said - which kind of means no hard forks (planned or otherwise). However in mid-January 2019 they underwent a 51% attack and large blockchain re-org. Which means double spend attacks successfully happened and exchanges were forced Click here to see more... to pause transactions regarding ETC and take much longer confirmation times.

This looks especially bad since some of the dev teams haven't been as active lately and took quite a while for the ETC community to notice what was going on... I'd steer clear.