11 June 2020

Meta Description: Discover the difference between Ethereum and Ethereum classic as we take a deep dive into their features. If you are interested in dematerialized currencies, you must understand what Ethereum is.

Investing Outlook: Ethereum Or Ethereum Classic?

In order for us to determine which of these cryptocurrencies is better, we will have to take an in-depth look at the features they offer.

Ethereum

Ethereum was presented to the general public on July 30, 2015. Its creator, Vitalik Buterin, was only 20 years old, but he analyzed Bitcoin from every angle to launch his own cryptocurrency. Crowdfunding is the method he used to finance this cryptocurrency. His project was so ambitious that he obtained more than $18 million.

Indeed, Bitcoin was an inspiration for Vitalik Buterin, but he had a much more complete and revolutionary project in mind. He developed a cryptocurrency called Ether with the possibility of integrating Smart Contracts into its blockchain.

Due to this, the Ethereum project has become even more impressive than the Bitcoin project.

Ethereum Classic

Ethereum Classic is a cryptocurrency created following a problem encountered with Ethereum. This problem began when a person found a flaw in a smart DAO contract, which enabled them to obtain 3 Billion Ethers or an amount of USD $50 million. Luckily this was fixed by implementing a Hard Fork, and Ether owners did not lose anything.

However, some purists did not agree with this decision to modify the code via a Hard Fork, since the very essence of Ethereum is to be immutable. They decided to continue with the basic unmodified version Ethereum, known as Ethereum Classic.

Ethereum Vs Ethereum Classic: Which Is Better

When Ethereum encountered the problem in June 2016, its price went from $18 to $12. However, Ethereum quickly regained the trust of its community and investors. Among Ethereum investors are incredibly influential groups such as Toyota and Microsoft. Since then, the price of Ethereum has literally exploded, reaching peaks of $391 in June 2017, $383 in late August 2017, and $650 in late December 2017.

Alternatively, the price of the Ethereum Classic has never exceeded $45. As a result of this analysis, it is completely evident that Ethereum is a far more reasonable investment compared to the Ethereum Classic.

Data as of 2020

Ethereum

Ethereum Classic

Symbol

ETH

ETC

Current Price

$214

$6.62

Market Capitalization

$23.7 billion

$769 million

Launch

2015

2015

Circulating Supply

>102 million

>116 million

Maximum Supply

No upper limit

>210 million

Mining/ Release Rate

3 per block

4 per block

Maximum Transaction Per Second

20

>20

Network

Ethereum

Ethereum

Approximate Block time

15 seconds

13 seconds

 

In conclusion, Ethereum is one of the most promising cryptocurrencies at this time. To trade, Ethereum means to invest in the rise or fall in its price. You can, therefore, make a profit regardless of its value fluctuations, if you bet on the right trend.

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Investing in cryptocurrency shouldn’t require you to be a computer scientist or banker. With our exclusive analysis & investing tools, investing in crypto has never been more simple.​

Edmund McCormack
Tech industry veteran and blockchain technology investor. Simplifying cryptocurrency for almost a decade.

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