Ethereum - ETHEthereum Classic - ETC

Ethereum vs Ethereum Classic (Proof-of-Stake vs Proof-of-Work)

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🤔 Back in 2016, the Ethereum blockchain witnessed a major hack due to a bug in a DAO on the network leading to a massive drain of funds.🔻 The older, original chain containing the history of the hack on the DAO was renamed to Ethereum Classic, while the new one that was salvaged from the hack was named Ethereum.💪

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Now let’s fast forward to 2022,🚀 Ethereum blockchain successfully completed the biggest blockchain upgrade in history, known as the Ethereum Merge. 🔥The Merge is a transition of the consensus mechanism from PoS to PoW which eliminates the need for energy intensive mining and makes the Ethereum blockchain more energy efficient.💚

🤓So basically, Ethereum Classic still works on the principles of the older generation of Ethereum – and so while the new one will adopt the proof-of-stake consensus mechanism, the older one will continue to operate on the more energy intensive proof-of-work consensus mechanism.

Timestamp
0:00 – Introduction
1:27 – What is Ethereum Classic?
4:42 – Difference between Ethereum and Ethereum Classic
7:41 – Conclusion

#ethereum #vs #ethereumclassic #etc #eth

How the Ethereum Merge impacted Ethereum Classic(ETC)?😨

For PoW enthusiasts, who still believe in the OG consensus mechanism, Ethereum Classic can be a good mining alternative option. This lead to

☑️Ethereum Classic hashrate surged by 280% following the Merge
☑️Ethereum Merge triggered a rally of nearly 150% in ETC Price

Ethereum vs Ethereum Classic Price today!😎

🌟ETH Price is currently trading around $1455 with a market cap of $178,044,536,033 and circulating supply of 122,416,197 ETH.

🌟ETC Price is currently trading around $33.98 with a market cap of $4,648,576,134 and circulating supply of 136,924,321 ETC

Okay now let’s not deep dive into the topic of ETH vs ETC in the description⚡, go watch this video till the end📹 to get a clear understanding on Ethereum vs Ethereum Classic before you take an investment decision.

Check out latest Ethereum Price at: https://coindcx.com/trade/ETHUSDT

Check out latest Ethereum Classic Price at:https://coindcx.com/trade/ETCUSDT

Read our detailed blog on Ethereum vs Ethereum Classic: https://blog.coindcx.com/cryptocurrency/ethereum-vs-ethereum-classic/

📱Download the CoinDCX app today to invest in Ethereum, Ethereum classic other crypto coins:👇 https://bit.ly/3plUNVC

However, like ALWAYS we recommend you to your own research #DYOR 🎯 before investing in any crypto asset. Happy Researching! 😊

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Not clear about the basics of Ethereum, PoS, PoW, the Merge & more. Watch our latest videos linked below:👇

►Ethereum Merge Explained!
https://youtu.be/dVFPmBKnejs
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►7 Things You didn’t Know About Vitalik Buterin!
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►Will Ethereum2.0 replace ETH?
https://youtu.be/DB32-Ms_4uo
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►Proof-of-Stake vs Proof-of-Stake
https://youtu.be/wucF39jf80k
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►What is Ethereum? (Explained for Beginners)
https://www.youtube.com/watch?v=k6iWdHcjOV4
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24 Comments

  1. Hello coindcx please make sure that information should be in English…not only Hindi audiance investing And listening more other states and other language people are here….I think you will understand

  2. "I don't want to get to the end of my life and find that I lived just the length of it. I want to have lived the width of it as well." –Diane Ackerman

  3. This channel and how you do these videos is by far my favourite. More emphasis should be put into trading since it is way profitable than holding. Trading went smooth for me as I was able to raise over 10.2 BTC when I started at 4.5 BTC in just few weeks implementing Dwealth Group daily trading signals and tips.

  4. The purpose of watching this video because when you speak HELLO HII NAMASTE THIS IS RIYA YADAV i fill nice tune.

  5. आपके द्वारा दी गई जानकारी बहुत अच्छी लगी

  6. Apke naam k bohot fake I'd bani hai..and message aati hai.. plx apply for Blue tick on Instagram

  7. ETC is windows 7 and ETC is now windows 11

    But Riya yar pls bro mt bolo mujhe dil se bura lagta hai 😜

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