Who Owns Ethereum Classic
The Ethereum Classic (ETC) blockchain is a distributed ledger that stores a record of all transactions that have ever been executed on the network.
ETC is a fork of the Ethereum (ETH) blockchain, which means that it is a replica of the ETH blockchain but with its own unique set of rules.
ETC was created in response to a hack that occurred on the ETH blockchain in 2016. In order to prevent the stolen funds from being recovered, some of the developers of Ethereum (ETH) decided to create a new blockchain – Ethereum Classic (ETC).
The majority of the Ethereum community (including the developers of ETH) did not agree with this decision, and thus continued to support the original Ethereum (ETH) blockchain.
As of January 2019, Ethereum Classic (ETC) is the 18th largest cryptocurrency in the world, with a market capitalization of $1.3 billion.
Who owns Ethereum Classic (ETC)?
The answer to this question is a bit complicated.
Technically, anyone who owns ETH tokens owns an equivalent amount of ETC tokens.
However, the majority of the ETC blockchain is controlled by two mining pools – Antpool and F2Pool.
These two mining pools account for more than 50% of the total hashrate on the ETC blockchain, which means that they have the power to reject or accept any proposed changes to the blockchain.
This has caused some controversy in the Ethereum community, as some people believe that the two mining pools are using their power to influence the direction of the ETC blockchain.
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Is ethereum classic owned by Ethereum?
Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
Is Ethereum Classic Owned by Ethereum?
The answer to this question is a bit complicated. Ethereum (ETH) and Ethereum Classic (ETC) are two separate currencies, and they are not owned by each other. However, Ethereum Classic is a fork of Ethereum, meaning that it is a clone of Ethereum that split off from the main chain. Ethereum Classic is essentially the same as Ethereum, but it has a different history and different rules.
Because Ethereum Classic is a fork of Ethereum, it shares the same history and codebase as Ethereum. This means that Ethereum Classic is technically owned by Ethereum, but this ownership is not meaningful in any practical sense. Ethereum Classic and Ethereum are two separate currencies with their own independent communities and networks.
Does ethereum Classic have a future?
Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
The Ethereum Classic project began in July 2016, after The DAO, a decentralized venture capital firm, was hacked and $50 million worth of its funds were stolen. Following the hack, a hard fork of the Ethereum blockchain was proposed, resulting in two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC).
While Ethereum (ETH) has gone on to become the second largest cryptocurrency by market cap, Ethereum Classic (ETC) has remained much smaller, with a market cap of around $1.5 billion as of July 2018.
So does Ethereum Classic have a future?
At the moment, it’s difficult to say. Ethereum Classic (ETC) has been overshadowed by Ethereum (ETH) and has failed to live up to its potential. However, with Ethereum (ETH) facing scalability issues, Ethereum Classic (ETC) may have a chance to become a more popular platform.
If you’re interested in Ethereum Classic (ETC), it’s worth keeping an eye on its development and seeing if it can live up to its potential.
Why is ethereum classic so cheap?
Ethereum Classic is currently trading at around $13. This is significantly lower than the price of Ethereum, which is around $200. So why is Ethereum Classic so cheap?
There are a few reasons for this. Firstly, Ethereum Classic is a newer cryptocurrency and has not yet achieved the same level of popularity as Ethereum. Secondly, Ethereum Classic has suffered from a number of hacks and thefts, which has damaged its reputation. Finally, Ethereum Classic is still in the early stages of development and has not yet been fully tested.
However, Ethereum Classic is still a viable cryptocurrency and has a lot of potential. The developers are working hard to improve the security of the network and to make it more user-friendly. Ethereum Classic also has a very active community, which is helping to promote the currency.
So if you’re looking for a cheap cryptocurrency that has a lot of potential, Ethereum Classic is a good option. Just make sure you do your research before investing in it.
Are people buying ethereum Classic?
Ethereum Classic is a digital currency that is based on the Ethereum blockchain. It is a fork of the Ethereum blockchain that was created in 2016. Ethereum Classic is a decentralized platform that allows developers to create applications that run on the blockchain.
Are people buying Ethereum Classic?
There is no definitive answer to this question. However, there are a number of factors that suggest that Ethereum Classic may be gaining in popularity. For example, the value of Ethereum Classic has been steadily increasing in recent months. Additionally, the number of transactions that are taking place on the Ethereum Classic blockchain is growing.
There are a number of reasons why people may be choosing to buy Ethereum Classic. Some people may believe that Ethereum Classic is a more secure option than Ethereum. Others may believe that Ethereum Classic has more potential than Ethereum.
There are a number of factors that investors should consider before buying Ethereum Classic. Ethereum Classic is still a relatively new digital currency, and its long-term potential is not yet known. Additionally, the value of Ethereum Classic may not be as stable as other digital currencies, such as Bitcoin.
Is Ethereum Classic abandoned?
A lot has been happening in the world of Ethereum and Ethereum Classic over the past few months. In January, Ethereum underwent a hard fork in order to recover funds that had been stolen from users in a hacking incident. This hard fork resulted in two separate Ethereum chains – Ethereum (ETH) and Ethereum Classic (ETC).
Since then, Ethereum has gained a lot of traction and has been doing very well, while Ethereum Classic has been largely ignored. In fact, some people have even started calling Ethereum Classic “abandoned”.
So, is Ethereum Classic really abandoned?
Well, the answer to that question is not really clear cut. On one hand, Ethereum Classic does seem to be lagging behind Ethereum in terms of development and adoption. However, on the other hand, there is still a large and active community of supporters behind Ethereum Classic.
Furthermore, Ethereum Classic does have some unique features that could make it appealing to certain users. For example, Ethereum Classic is more decentralized and censorship-resistant than Ethereum.
Overall, it is hard to say whether Ethereum Classic is really abandoned or not. However, it is clear that Ethereum Classic is not doing as well as Ethereum, and it is likely that Ethereum will continue to be the dominant chain.
Is ETC a good long term investment?
Is Ethereum Classic a good long term investment?
The answer to this question is a little complicated. On the one hand, Ethereum Classic has a number of advantages going for it. It is a well-established cryptocurrency with a large community and a solid track record. It is also cheaper than Ethereum, which could make it a more attractive option for investors.
However, Ethereum Classic also has some significant disadvantages. For one, its development team is much smaller than Ethereum’s, which could hamper its future growth. Additionally, Ethereum Classic is less popular than Ethereum, which could make it less attractive to investors.
Overall, Ethereum Classic is a decent long-term investment option, but it may not be as good as Ethereum. Investors should do their own research before making any decisions.
How high can ETC Classic go?
ETC Classic is an open-source blockchain platform that allows developers to build and deploy decentralized applications. The platform is based on the original Ethereum Classic (ETC) blockchain and is intended to provide a more decentralized and democratic platform for developers to build on.
ETC Classic is still in its early stages of development, but there is potential for it to become a major player in the blockchain space. The platform has already gained a strong following among developers and users, and its potential for growth is significant.
How high can ETC Classic go? That is a difficult question to answer, but there is potential for it to become a major player in the blockchain space. The platform has already gained a strong following among developers and users, and its potential for growth is significant.
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