Ethereum Classic

Ethereum Classic (ETC)

Confidence: 50%


Ethereum Classic (ETC) - Reviews & Ratings

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avatar tingker 43 rated: 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 ( 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(?) 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.

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avatar Dantwstinf 16 rated: 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.

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avatar Cyber Crypto 7 rated: 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 other coin offering smart contracts, except maybe Ubiq?

As for 51% attack? It was NOT a 51% attack by definition. There was a breach of protocol, and hapoened at a block height. This can happen to ANY PoW coin. And im sure it has.
But to watch ignorant ppl bash a project who has endured Bear markets, and STILL grind away is ashame. Where is Buterin? 
A REAL project works out of passion, not fortunes. And ETC is among just a few TRUE Dev teams to deserve this respect level.
VTC, Peercoin, Namecoin, Ubiq, ETC, LTC, BTC, MaidSafe are among others. But many are without HYPE or cashgrabs. But in the end, THEY are the real Devs in this space.
ETC has nvr asked for funds, nvr made promises. Just hard workers.
Ad for their achievements or innovations?
ETC was 1st real dev team to align with IoT protocols and give boom to the projects like IoTa, Smartmesh and Graphene. ETC is heading in a diff direction than ETH for future roadmap. But, they expect, as does Google, to work deep in the upvoming IoT space.

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avatar GlennHeartland 14 rated: 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.

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avatar Dr. Doom 209 rated: 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 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.

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avatar stellarowl12 186 rated: 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 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.

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Market information:

Price (USD):$ 6.02
Market Cap (USD):$ 630,404,927.62
24h Volume:$ 469,252,960.70

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