Trade ETC - ETC Markets, Exchanges, Broker
Crypto currencies are becoming more and more the focus of public attention. In times of low interest rates and impending inflation, people are desperately looking for alternative investments and markets that are independent of the global financial markets. Crypto currencies are promising in this respect.
The currently most successful crypto currency is the Bitcoin, followed by the Ethereum (ETH). The Ethereum Classic ranks sixth in the hotly contested crypto currency market. Both, Ethereum and Ethereum Classic, have a common past before they finally parted ways in May and June 2016. Currently the Ether Classic price is around 16€ (as of 03.09.2017) and has risen sharply for a short time.
The difference to Bitcoin
Ethereum and Ethereum Classic, as well as the most successful crypto currency Bitcoin, are based on the so-called blockchain technology. However, unlike Bitcoin, Ethereum and Ethereum Classic are not crypto currencies in the true sense of the word. Rather, they are crypto platforms for distributed apps, or Dapps for short. These in turn consist of Smart Contacts.
For such Smart Contacts there are numerous applications such as e-voting systems, crowdfunding, identity management and virtual organizations. Ethereum and Ethereum Classic are distributed systems whose participants, the Ethereum or Ethereum Classic Contacts and Accounts, use a peer-to-peer network to exchange a wide variety of data without a central server.
What is Ethereum Classic?
Ethereum Classic, on the other hand, is the separated crypto currency of ether or ethereum in today's sense, which the hacker incident caused on the DAO. The ten percent of voters who had been against the "cut" or "hard fork" decided to keep the Ethereum "Classic" alive and continue it.
Thus two separate blockchains were created. The original one is the Ethereum Classic (ETC). The split-off main blockchain, however, decided to keep calling itself Ethereum. It does not deal with Ethereum Classic. This is the difference to the ether. However, the crypto currency Ethereum Classic, which is quite viable for the future, still has a hard time getting past its "mother" Ethereum.
With sixth place in the crypto currency ranking, Ethereum Classic is still in the top field. Improvements in the system have also been made to Ethereum Classic. If you want to buy Ethereum Classic, take a closer look at our step-by-step guide.
Conclusion on Ethereum Classic
The operators of Ethereum Classic believe in the original. Significant innovations such as even more pronounced decentralisation are intended to prevent concealment, corruption, inefficiency and stagnation in the future. According to the creators of Ethereum Classic, a process like 2016 cannot be repeated. The previously decentralised management of the blockchain was recognised as still too vulnerable and fragile.
In the future, one wants to develop more freely, transparently and openly for discourse. There should be no more transactions behind closed doors. At the moment Ethereum Classic still lacks strong external financing. In malicious blocks, ETC is sometimes dismissed as an object of speculation.
Nevertheless, Ethereum Classic can be interesting for an investment. Because Ethereum Classic's position in the ranking is a lie to such malicious statements. If the operators are to be believed, Ethereum Classic is very much on the move and a next hype is not excluded. Further information can be found here.