EthereumClassic (ETC) --- #27 --- [$15.34]
{crypto rank & price from CoinMarketCap on 6/17/23}
Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host & support decentralized applications (DApps). Its native token is ETC.
Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack. Its 1st appeal was to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.
As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with Ethereum, & miners collect them based on work done as per the proof-of-work (PoW) mining algorithm. Unlike Ethereum (ETH), Ethereum Classic (ETC) has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.
Differences Between EthereumClassic (ETC) & Ethereum (ETH):
Ethereum Classic (ETC) & Ethereum (ETH) are 2 separate blockchain networks that share a common history but have since diverged in philosophy & development.
Ethereum Classic (ETC) is the original version of Ethereum that was launched in 2015. It is a decentralized, open-source blockchain platform that allows developers to build & deploy decentralized applications (dApps) & smart contracts. Ethereum Classic secures its network using a Proof-of-Work (PoW) consensus algorithm.
Ethereum (ETH), on the other hand, is a fork of the original Ethereum blockchain created in 2016. It emerged as a response to a hack that caused the loss of millions of dollars worth of Ether. The Ethereum community implemented a hard fork to reverse the hack & return the stolen funds to their owners. As a result, 2 separate blockchains, Ethereum (ETH) & Ethereum Classic (ETC), were created.
One of the main differences between Ethereum Classic & Ethereum is their approach to governance. [Ethereum has a more centralized system, with a core development team that makes decisions about the platform's future]. In contrast, Ethereum Classic (ETC) has a more decentralized approach to governance, with decisions made by the community through a consensus process.
Another key difference between the two is their development roadmap. [Ethereum is focused on transitioning from a Proof-of-Work consensus algorithm to a proof-of-stake (PoS) algorithm after The Merge]. Ethereum Classic (ETC), on the other hand, has focused on maintaining its original PoW algorithm & staying true to its decentralized philosophy.
Crypto Micro-Earning Sites to Earn EthereumClassic (ETC) Crypto:
1) Dutchy:
https://autofaucet.dutchycorp.space/?r=CarCar1001
SITE DESCRIPTION: This site offers the most crypto options by far to claim from, more than any other site I've found! There are over 60 different kinds of crypto to claim, (and Dutchy occasionally adds new tokens so make sure to check from time to time). Claim by either running AutoFaucet or by trading/swapping the Dutchy Tokens u earned by completing offers or won in 1 of the handful of daily/weekly/monthly contests & giveaways!
This site also doubles as a Micro-Wallet & Exchange, where you can purchase crypto or trade small amts. of coins, (this is how I found this site the most useful, as I describe how a few paragraphs below).
WAYS TO EARN: You earn by rolling the faucet every 30min., viewing PTC ads, taking surveys, completing shortlinks, or completing other offers available to earn. There are also multiple contests & giveaways to get coins for free such as, random coin rains every hr., daily/weekly/monthly contests for things, & occasionally other random/promotional opportunities to earn!
I've found that the quickest way to earn from this site is by completing surveys & taking advantage of any promotional claiming boosts offered for the week. Claiming from the coin of the month faucet every 30min. is also a good way to stock up on a coin quickly.
I found these sites to be an interesting resource tool for beginners interested in learning about crypto/Altcoin projects, & using Blockchain addresses/crypto wallets, & understand the volatile crypto market. I used these sites to gain hands-on experience managing crypto & to help me learn what investment strategies I prefer & earn me the most with my investment style.
Another useful tool I found is CoinMarketCap. You can use this site to create a portfolio of all your crypto assets & track you profits/losses n trades.
CoinMarketCap:
https://coinmarketcap.com/invite?ref=SIGYL2BX
