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DC Forecasts’ Review: Ethereum Classic

Stefan by Stefan
12/08/2018
in Blockchain Archive
Reading Time: 1 min read
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Ethereum Classic is a hard fork of the original currency-Ethereum and it is basically a copy of it in almost every single aspect. Ethereum Classic has the exact same blockchain, so it most likely is able to do everything that Ethereum can.

A large part of the crypto community stands behind and is strongly supporting the original Ethereum blockchain because they firmly believe in the ‘’code is law’’ rule.  However, the statement released by the Ethereum Classic community also stands behind this philosophy and claims that there will be no changes made to the Ethereum Classic code that violate the sanctity of the ledger, so transaction history cannot be reversed or modified. Despite many investors sticking with Ethereum for ideological reasons, Classic also gained a lot of followers because of the many development projects such as the Emerald Software Developer Kit. This kit can be used for building decentralized apps. They also implemented smart contracts.

However, some crypto exchanges only support Ethereum and don’t really have trading pairs for Ethereum Classic. But there are plenty other exchanges that allow you do trade Ethereum Classic such as Binance and Bitfinex.  Also, using crypto wallets is different. Some popular hardware wallets do support both, but others are not interchangeable. Wallets that support both Ethereum and Ethereum Classic are Jaxx and Ledger.

The future of this cryptocurrency seems as bright as day because of its strong development team. The biggest plus that this currency has is the Emerald Project that first wants to start off as a wallet that will verify transactions in a trustless manner.

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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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