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The evolution of the cryptocurrency: a look in Ethereum Classic (etc.)
In the world of cryptocurrencies, a name stands out for its resilience and historical meaning: Ethereum Classic (etc.). As a pioneering project within the Ethereum network, etc. He played a vital role in modeling the blockchain landscape. In this article, we will deepen the history and the current state of etc, exploring its characteristics and unique contributions to the cryptocurrency space.
the genesis of etc
Ethereum Classic was born from the updating of the consent of Ethereum 2.0 consent (ETH 2.0) in August 2021. This update aimed to introduce a faster version, more efficient from an energy and more scalable point of view of the Ethereum network. While the main update Ethereum 2.0 focused on the improvements of scalability, some developers have chosen to create etc. Alternatively.
Etc uses the same technology below and an Ethereum intelligent contractual platform, but with some key differences that distinguish it from its competitor. One of the main advantages of ETC is its ability to use the consent of the palo test (POS), which reduces energy consumption and makes it more respectful of the environment.
History of etc
The journey of etc. It started in 2014 when the project was first introduced as an Ethereum fork. The initial goal was to create an alternative to the main Ethereum network, with the intention of providing a more decentralized and open source solution. Over time, etc. He has gained popularity between Ethereum developers and users looking for a more efficient alternative from an energy point of view.
Throughout its development, etc. He has faced several challenges, including problems of scalability and greater competition from other projects. Despite these obstacles, etc. It remains engaged in its original vision of providing a robust and safe blockchain platform for decentralized applications (APPS).
Role in the history of the blockchain
The influence of etc. On the blockchain space it cannot be overrated. As one of the first cryptocurrencies to use POS consensus, etc. He played a significant role in modeling the modern blockchain landscape.
The introduction of ETC marked a turning point in the development of DAPPS, as it provided a more efficient alternative from an energy point of view and scalable to the mainnet of Ethereum. This shift has opened the way to other projects such as Tezos (XTZ) and Cosmos (Atom), who also used POS consensus and focused on the improvements of scalability.
Key differences from Ethereum
The unique characteristics of etc. Escignio from his competitor, Ethereum. Some of the key differences include:
* consent algorithm : etc. Use the test of participation (POS), while Ethereum uses the test of work (POW).
* Energy consumption
: etc. It is designed to be more efficient from an Ethereum energy point of view, making it a more ecological option.
* Scalability : while Ethereum 2.0 aims to improve scalability, the POS consent model of etc. Allows faster transactions processing times.
Conclusion
Ethereum Classic (etc.) has made a long way from its institution in 2014. As one of the pioneering projects within the Ethereum network, etc. He played a vital role in modeling the blockchain landscape. Its unique characteristics, including the proof of the consent of the pole and the design with energy efficiency, distinguish it from the other cryptocurrencies.
While we look to the future, etc. It remains engaged in its original vision of providing a robust and safe blockchain platform for decentralized applications (APPS). Whether you are an Ethereum developer or simply interested in learning more about cryptocurrency, etc. It is certainly worth exploring.