Dec 25, 2018 10:00 UTC
Dec 25, 2018 at 10:00 UTC
There was a time when both Ethereum (ETH) and Ethereum Classic (ETC) were one big happy family.
The DOA hack in June 2016 caused one section of the Ethereum community to decide to reverse the transactions which led to the hack. Then, the other side chose to stick to their guns that transactions on any blockchain are irreversible.
The latter community embraced the digital currency known as Ethereum Classic (ETC).
You May Also Read: Will Ethereum Classic Be a Good Investment in 2019?
What After That?
By now, we got to know why they decided to call it Classic. That too is the reason Ethereum Classic will surpass Ethereum becoming the next Bitcoin (BTC).
The simple fact that the ETC blockchain hasn’t been changed by reversing the transactions is what makes it original Ethereum and a reason why a lot of investors will flock to the cryptocurrency to buy and store it.
Probably, their motivation would be the same as we collect the original baseball cards. Maybe this is a devotion to the code of honor which transactions on the blockchain are irreversible.
Whatever is the case, Ethereum Classic will, sooner or later, but surely be the cryptocurrency to have in the future.
You May Also Read: How to Mine Ethereum Classic?
Even, Coinbase Added It Quickly!
This aspect of Ethereum Classic being a diamond dozen has also been noted by the team at Coinbase exchange.
Coinbase was quick to add it on its platform way ahead of the fan favorites of Stellar (XLM), Ripple (XRP) and TRON (TRX).
Not many people know that Coinbase added ETC as soon as the Securities and Exchange Commission (SEC) declared Ethereum was not a security.
You May Also Read: Ethereum Classic Mining
As mentioned earlier, the Ethereum Classic blockchain is the unaltered version of Ethereum blockchain. This way, ETC community adheres to total decentralization via transparency as well as mutual reputation.
Consequently, Ethereum Classic will possibly rise in its value in the cryptocurrency market past Ethereum becoming the next Bitcoin.
Here are a Few Articles for you to Read Next: