Cryptocurrency Q&A
What is the difference between Ethereum Name Service and ethereum classic?
What is the difference between Ethereum Name Service and ethereum classic?
Alessandra
Mon Oct 21 2024
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7 answers
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The key difference between Ethereum Name Service (ENS) and Ethereum Classic (ETC) lies in their functions and purposes. ENS is a distributed, open, and extensible naming system that allows users to convert machine-readable addresses into human-readable names, facilitating easier and more transparent interactions on the Ethereum blockchain. Conversely, Ethereum Classic (ETC) is a cryptocurrency that originated from a hard fork of the Ethereum blockchain, adhering to the principles of decentralization and transaction irreversibility.
7 answers
Chiara
Wed Oct 23 2024
Ethereum boasts a unique platform that accommodates the modification and adjustment of previous transactions. This characteristic sets it apart from other blockchain-based systems.
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Elena
Wed Oct 23 2024
In contrast, Ethereum Classic adheres to the original Ethereum system, which upheld immutability as a core principle. Immutability refers to the inability of users to alter transactions that have already been recorded on the blockchain.
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Carlo
Wed Oct 23 2024
Ethereum Classic's commitment to immutability reflects a belief in the integrity and security of blockchain technology. By preserving the historical accuracy of transactions, Ethereum Classic aims to instill trust in its users.
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BitcoinBaroness
Tue Oct 22 2024
To maintain the security and decentralization of its network, Ethereum Classic employs a proof-of-work consensus mechanism for mining. This process requires miners to solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain.
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IncheonBeautyBloom
Tue Oct 22 2024
BTCC, a renowned cryptocurrency exchange, offers a comprehensive suite of services to cater to the diverse needs of its users. These services encompass various aspects of the cryptocurrency ecosystem, enabling users to seamlessly navigate the world of digital assets.
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