The Ethereum blockchain was forked into two separate blockchains in 2016, leading to the creation of Ethereum Classic and Ethereum. This split has led to a lot of confusion, especially among casual investors looking to enter the cryptocurrency world. However, from an investment perspective it’s important to understand how these two versions differ from each other before making any decisions about which one is better for your portfolio.
What is Ethereum
Ethereum is a blockchain-based platform that enables developers to build and deploy decentralized applications. It was launched in 2015 by Vitalik Buterin, who is also the co-founder of Bitcoin Magazine.
Ethereum has its own cryptocurrency called ether (ETH). The platform uses smart contracts–code run on a blockchain that automatically executes when certain conditions are met–to facilitate peer-to-peer transactions without the need for middlemen or central authorities like banks or governments.
What is Ethereum Classic
Ethereum Classic (ETC) is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine that can execute scripts using an international network of public nodes. The classic version preserves untampered history; free from external interference and subjective tampering of transactions. ETC was created by hard fork via Ethereum’s original roadmap after the DAO hack in 2016.
ETH Vs ETC Split: How Did The Fork Happen?
Ethereum and Ethereum Classic are two separate cryptocurrencies, but they both derive from the same source. That’s why it’s important to understand how the split happened in order to determine which one has a brighter future in terms of price.
The original version of Ethereum was created by Vitalik Buterin and launched in July 2015 as a smart contract platform that enables developers to build decentralized applications (dApps). It also supports an ether token (ETH), which is used for paying transaction fees or building new applications on top of its blockchain.
In June 2016, hackers exploited what was known as “the DAO,” short for Decentralized Autonomous Organization–a decentralized venture capital fund built on top of Ethereum’s network–and stole 3.6 million ETH worth $50 million at the time.
This incident caused some members within the community to question whether or not they could continue using their funds without putting them at risk again in future attacks like this one. Ultimately, they decided against doing so: instead they chose another option called hard fork where all previous transactions were essentially erased from existence while creating two separate blockchains based off each other.
One called Ethereum Classic with no replay protection feature enabled so people could move between chains freely without losing any funds; another called Ethereum wherein all transactions were kept intact but had added replay protection feature enabled so users couldn’t move between chains easily without losing their coins either way.
What Are The Key Differences Between Ethereum and Ethereum Classic?
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ethereum Classic was born out of controversy in 2016 when a hacker exploited a vulnerability in Ethereum’s code and stole tens of millions worth of ethers from users. It is largely used for trading purposes, but some people have started using it as a payment method. Users have access to virtual wallets that can be used to store ETC, and they can send and receive ETC via the Internet.
Ethereum Classic price analysis
Ethereum Classic is a better investment than Ethereum.
Ethereum Classic currently has a higher market cap, which means it’s more valuable than Ethereum. This can be attributed to ETC’s history as an old cryptocurrency that was developed before ETH and thus has had more time to grow its community and ecosystem.
The fact that there are currently fewer coins in circulation also contributes to this discrepancy; if you own 100 ETC tokens, for example, then your share of ownership will be greater than if you owned 100 ETH tokens (even though both would cost about $30).
Ethereum price analysis
Ethereum (ETH) has always been a favorite in the cryptocurrency community, but it’s gone through a huge price increase lately that puts it at the forefront of the industry. The Ethereum price hovered around $10 for most of 2017, after starting at $8.00, and has since risen to over $1,778 today. This growth is part of a general trend in the price trajectory for cryptocurrencies:
Ethereum has a lot of potential with a market cap at $218B USD as of today (March 2023). With the Bitcoin price today of over $ 27,389, Ethereum sits next to Bitcoin as the 2nd largest crypto-currency in the world.
Ethereum is among the top two cryptocurrencies based on market capitalization. It has a massive volume of trading, so there are plenty of people interested in buying and selling it – even if they’ve never heard of blockchain technology or cryptocurrencies before.
ETH Vs ETC: Which Is The Better Version Of Ethereum To Invest In?
Ethereum (ETH) is the original version of Ethereum and has a higher market cap than Ethereum Classic (ETC). Therefore, ETH is more likely to be listed on exchanges.
The block reward for miners who process transactions on the ETC network is 5 ETC per block compared to 2 ETH per block on the ETH network. This means that there are more coins available for investment in ETC than in ETH due to their lower price point and higher circulation rate respectively.
The transaction cost for sending funds from one wallet address or exchange account directly into another wallet address or exchange account through a cryptocurrency exchange platform like KuCoin, Coinbase Pro or Binance is significantly less expensive than doing so via an online payment service provider like PayPal because there is no middleman involved when transacting using cryptocurrencies such as Bitcoin Cash (BCH) instead of fiat currencies such as USD/GBP etcetera.
Conclusion
In conclusion, Ethereum Classic is the better version of Ethereum to invest in. It has a lot of potential and we believe that its price will rise in the future. There are many reasons why this could happen but our top two reasons are:
1) ETC has lower supply than ETH which means there is more demand for it than there currently is supply;
2) Ethereum Classic’s fundamentals are stronger than those of Ethereum which means investors have a higher chance of making money by investing in this cryptocurrency instead.