Ethereum Classic Claims to be the Only Secured PoW Smart Contracts Platform

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • Ethereum Classic (ETC) is a decentralized blockchain platform. It is a hard fork of Ethereum that lets anyone create and use Dapps.
  • In this series, a crypto enthusiast Donald McIntyre proposed a thesis. That describes why ETC will rise 1000x in Medium to long term.
  • Moreover, only ETC has PoW smart contracts at the base layer.

Ethereum Classic (ETC) is a decentralized blockchain platform. It is a hard fork of Ethereum that lets anyone create and use Dapps. However, this is the first Dapp platform to opt for a controlled monetary policy.

ETC is the only secured PoW smart contracts platform

ETC mentioned on Twitter that it is the only secured PoW smart contracts platform at the base layer.

Further, just like Bitcoin, ETC has a mechanical, algorithmic, and capped, along with a trust minimized monetary policy.

In this series, a crypto enthusiast Donald McIntyre proposed a thesis. That describes why ETC will rise 1000x in Medium to long term. According to McIntyre, there will be only 3 to 4 chains at the base layer. These will contribute to the market shares of 50%, 25%, 12.5%, and 6.25%.

Additionally, he clarifies that PoW will be the base layer in the blockchain ecosystem.  As it is more secured as compared to PoS and various other consensus mechanisms.

Only ETC has PoW smart contracts at the base layer

Moreover, only ETC has PoW smart contracts at the base layer. BTC will be considered as the largest system at the base layer. As it consists of a 50% share, the Ethereum Classic will have a 25% share. Due to its high value in the general computing platform.

Besides this, the base layer will be equivalent to the gold that holds around $8 trillion in value. If the base layer achieves 50% of the value of gold, the value of ETC will be worth $1 trillion (approx). And, which is approximately $4760 per ETC.

BTC-ETC-vs-Gold
 Source: etherplan.com

Responding to the logic, Twitter users showed flip flop reactions. Some said that ETC would live on but no need to get into fantasy territory while some said to pump it.

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