How does classic ethereum differ from other cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Classic ethereum, also known as Ethereum Classic (ETC), is a decentralized platform that enables the creation and execution of smart contracts. It is a fork of the original Ethereum blockchain that occurred after a controversial hard fork in 2016. Unlike other cryptocurrencies, such as Bitcoin or Litecoin, classic ethereum focuses on immutability and maintaining the original principles of decentralization. It does not support the updates and improvements made to the Ethereum network since the hard fork. Classic ethereum has a smaller community and market capitalization compared to its counterpart, but it still has its dedicated supporters who value its adherence to the original blockchain philosophy.
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• Dec 17, 2021 · 3 years ago
  When comparing classic ethereum to other cryptocurrencies, one notable difference is its approach to governance. While other cryptocurrencies often have centralized decision-making processes, classic ethereum relies on community consensus and decentralized decision-making. This means that any proposed changes or updates to the classic ethereum network require broad agreement from the community. In contrast, other cryptocurrencies may have a more centralized approach, where a small group of developers or stakeholders make decisions on behalf of the network. This decentralized governance model is seen by some as a key strength of classic ethereum, as it ensures that no single entity has control over the network.
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• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can say that classic ethereum differs from other cryptocurrencies in terms of its development roadmap and future plans. While other cryptocurrencies may have a clear roadmap and regular updates, classic ethereum has a more conservative approach. The focus of the classic ethereum community is to maintain the original blockchain and resist any changes that compromise its principles. This can be seen as a strength or a weakness depending on one's perspective. However, it is important to note that classic ethereum is still actively maintained and has its own ecosystem of projects and applications built on top of it.
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