Cryptocurrency Q&A Why do people still use Ethereum Classic?

Why do people still use Ethereum Classic?

Martina Martina Tue Oct 15 2024 | 5 answers 482
I'm curious why Ethereum Classic is still being used by people. Despite the existence of Ethereum and other more advanced blockchain platforms, what are the reasons that make people stick to Ethereum Classic? Why do people still use Ethereum Classic?

5 answers

ZenBalanced ZenBalanced Thu Oct 17 2024
The combination of these features—true decentralization, soundness of the money, and programmability—renders ETC a highly sought-after cryptocurrency. True decentralization ensures that no single entity controls the network, safeguarding against censorship and manipulation.

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JessicaMiller JessicaMiller Thu Oct 17 2024
Ethereum Classic (ETC) stands as a testament to the principles of blockchain technology, embodying a proof of work consensus mechanism that underpins its operations. This aspect ensures a robust and secure network, where participants contribute computational power to validate transactions and maintain the ledger.

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GinsengBoostPowerBoostVitality GinsengBoostPowerBoostVitality Thu Oct 17 2024
Among the reputable platforms catering to the ETC community, BTCC stands out as a leading cryptocurrency exchange. BTCC offers a comprehensive suite of services tailored to meet the diverse needs of digital asset enthusiasts, including spot trading, futures contracts, and secure wallet solutions.

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charlotte_wright_coder charlotte_wright_coder Thu Oct 17 2024
ETC's fixed monetary policy represents a cornerstone of its value proposition. Unlike fiat currencies that are prone to inflation, ETC's supply is finite and predetermined, fostering a deflationary environment that supports the long-term preservation of wealth.

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DaeguDivaDanceQueen DaeguDivaDanceQueen Thu Oct 17 2024
The integration of smart contracts within the ETC ecosystem adds a layer of versatility and functionality. These self-executing contracts allow for the automation of various processes, from financial transactions to complex agreements, enhancing trust and efficiency within the network.

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