{"id":149,"date":"2021-09-03T19:41:40","date_gmt":"2021-09-03T19:41:40","guid":{"rendered":"https:\/\/etcwallet.net\/articles\/?p=149"},"modified":"2022-01-27T14:17:23","modified_gmt":"2022-01-27T14:17:23","slug":"advantages-of-ethereum-classic","status":"publish","type":"post","link":"https:\/\/ethereumclassicwallet.com\/articles\/advantages-of-ethereum-classic","title":{"rendered":"Ethereum Classic Advantages & Disadvantages"},"content":{"rendered":"

Ethereum Classic<\/span><\/a> is the original version of the celebrated ETH currency, formed into a new shape after a massive fork in 2016. Following that fork, the Ethereum network was divided into the new Ethereum and the Ethereum Classic. It wasn\u2019t a particularly harsh breakup \u2013 most users agree that it was a necessary fork.<\/span><\/p>\n

There are still differences, and ETC introduced several unique features, although most were carried on from the pre-fork era. All that molded Ethereum Classic into a distinct system with its own advantages and disadvantages. Exploring these is the sole purpose of this article.<\/span><\/p>\n

Ethereum Classic Definition<\/b><\/h2>\n

ETC is not technically a fork of ETH, contrary to what most believe. The latter is the fork of the original, and ETC simply took the pre-existing protocol and continues to utilize it. As such, the Classic offers an exciting glimpse into the Ethereum experience as it was in its fledgling years.<\/span><\/p>\n

The development team of Ethereum itself has moved on since then and brought many changes both to the protocol and the marketing aspects of their currency. ETC, however, did not. The only few changes they introduced only affected the quality of life. The principles are the same, and that includes:<\/span><\/p>\n

    \n
  1. It is a transparent and uncensored way of handling money.<\/span><\/li>\n
  2. \u2018Code is Law\u2019: the system uses applications that allow people to transfer money automatically precisely as they requested by creating smart contracts.<\/span><\/li>\n
  3. The system is fully decentralized and doesn\u2019t require banking services to work.<\/span><\/li>\n<\/ol>\n

    In some ways, it\u2019s like Bitcoin, except you can customize your own way of handling money if you know how to tinker with codes.<\/span><\/p>\n

    Major advantages\u00a0<\/b><\/h2>\n

    There are several key upsides that make working with Ethereum Classic a beneficial and comfortable experience. These advantages aren\u2019t drawn in comparison to other cryptocurrencies or protocols.\u00a0<\/span><\/p>\n