Ethereum Classic is a continuation of the original Ethereum blockchain. Essentially a decentralised platform utilising smart contacts. These applications run precisely as programmed, with no chance of censorship, downtime, or interference by a third party, any party in fact. Ethereum Classic preserves history, untampered, and free of external interference or subjective tampering of any financial transactions, or details. The core values of Ethereum Classic are immutability, and since transactions are valid, can never be erased or forgotten, yet kept a secret within the blockchain, which is mostly the code of law that Ethereum Classic is governed by. Ethereum Classic offers users the opportunity to join a new blockchain-based jurisdiction. Here all agreements are governed by a code of ethics of Ethereum Classic, to which all players adhere; this also means that arrangements are made peer-to-peer, person to person, and bound by the rules agreed upon, all taking place on the blockchain. Unless mentioned in the contract, there can be no reversals, no undos, or opt-outs. The contract and transaction are finite, which ensures that the network remains neutral and functional. In effect, all applications are unstoppable.
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Non-Centralised = FreedomCentralisation causes many problems, not lest corruption and nepotism. Ethereum Classic is non-centralised, doing away with wastage, inefficiency and stagnation. Shortly it is not difficult to foresee potential problems being solved by strictly following the systems of governance that do not rely on a central point of failure. The Ethereum Classic hierarchy is transparent with the core values being the meritocracy and the mutual relationship and reputation between the two parties. There on the blockchain, everything is clear and cannot be tampered with. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse. It’s easy for newcomers to get hold of the cryptocurrency, which is another advantage.
Origins of the SpeciesEthereum was created by a Russian programmer, Vitalik Buterin. He was an early user of the blockchain and took full advantage of its unique qualities. Furthermore, he is the founder of the famous Bitcoin magazine. Ethereum was created in 2013, as a progression of Bitcoin, but with better abilities to do things Bitcoin could not. Ethereum was announced and unveiled to the world at The North American Bitcoin Conference in Miami, the USA in January 2014. Ethereum was not built to be just a cryptocurrency. Instead, it is meant to be a hub where codes are run and executed by DApps along with Smart Contacts; this has created the Decentralised Autonomous Organization (DAO). Built specifically to act as a decentralised, venture capital fund for decentralised cryptocurrency projects. It wasn’t until May 2016 that the DAO went for a crowd token sale to fund its development. With $150 million raised, this stood out to be the second largest crowd sale in history, so far.
Ethereum Classic Onwards and ForwardEthereum Classic has become one of the leading cryptocurrencies in the world, not least, due to its historical association with the original Ethereum. The future looks bright as more and more online casinos, besides general online and brick and mortar merchants start to accept the ETC, which is Ethereum Classic. Crypto users are being drawn towards Ethereum Classic due to the many advantages it offers players at online casinos and investors alike. Expect to see a surge in online casinos, queuing up to accept this cryptocurrency of the moment, which is Ethereum Classic. Blockchain technology is on the up, so too is Ethereum Classic. Privacy, lie costs, increasing values, more acceptance worldwide, expect this and more over the next few months. It might be a good idea to invest now, while the price is relatively low, before it surges into the stratosphere, as happened with Bitcoin.
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