Removing Principle Investment From Cryptocurrency Ethereum
Happy day to my followers and readers! Today I want to share my opinion about Ethereum Classic as investment opportunity. As many of you know Ethereum Classic was born after The Dao attack occured in July of 2016. Many of you may ask why do we need two chains of Ethereum - the old one (ETC) and the new one (ETH)?
BitGo receives a status of a regulated custodian for crypto, adding to Bitcoin, Ethereum, Ripple, and other coins recovery Tanya Abrosimova FXStreet Follow Following US regulatory authority. Removing the risk of scams, the Bitcoin Trader platform uses real-time cryptocurrency market trends to generate the highest profit on your Bitcoin, Litecoin, Ethereum and Ripple investment. Competing with Ethereum Code system, Bitcoin Trader an 80% win rate to its name. The Ethereum Classic Investment Trust, aka ETC Trust, from New York City-based Grayscale Investments, is the closest product on the market to an ETF or mutual fund that offers exposure to the cryptocurrency. But so far it is only available to accredited investors. Bitcoin and Ethereum are the first and second crypto currency in market capitalization respectively: on July 11, 2018, the BTC market cap is approximately $108.5 billion, while ETH was $437.6 billion.
How different they are? What are the ideology of both Ethereum projects? Should you invest? What is Ethereum Classic (ETC) Ethereum Classic is a decentralized platform that runs smart contracts.
Applications (dapps) running on ETC network are censorship resistant, without any possibility of downtime or interference of third party. Ethereum classic is a continuation of original Ethereum blockchain without changes and external interference. It preserves transaction immutability and is free of subjective tampering of transactions.
Main features of Ethereum Classic: transaction Finality and decentralized Governance Ideology of Ethereum Classic could be summarized as follows - Code is Law. The core proposition of any blockchain is immutability. It means that valid transactions can never be erased.
Transaction on ETC blockchain are final and applications are unstoppable. The openness ideology and decentralization of ETC project are stated in a Crypto-Decentralist Manifesto: Why it is wise to invest in Ethereum Classic?
As it is clear from a Crypto Decentralist Manifesto ETC is going into different direction in comparison with ETH. That direction sustains the main principle of initial Ethereum project - Code is Law. While it is pure ideology most of investors should look into development and team behind it before making investment decisions. While the price of Ethereum project tokens lead by Vitalik Buterin is going through the all time highs and new partnerships were announced, what we can expect from Ethereum Classic?
I will give you a 4 main reasons why Ethereum Classic tokens should find place in any crypto investment portfolio: • Effective roadmap and full time working team of software engineers and professionals in software development. • Usage and adoption of Ethereum Classic.
Recently, it was stated that BitTicket Uses Ethereum Classic to Book Tickets on a Blockchain:. While we know Ethereum use cases and dapps in development it is not the same about Ethereum Classic. However, development of EMERALD SDK (An official desktop wallet, and a flexible SDK to build custom applications on top of Ethereum Classic blockchain) signals that ETC dev team is in favourable direction to attract first developers to build on ETC blockchain.
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When it happens the price of ETC will shoot up considerably. Investment firm Grayscale Investments has launched $10 mln ethereum classic private fund:.
Private investment funds, such as Grayscale in cryptocurrency, helps to attract institutional investors or those who are not willing to own ETC tokens themselves but instead of that are buying shares: 'The Ethereum Classic Investment Trust enables investors to gain exposure to the price movement of ETC through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping ETC.' For more about it please check here:. Grayscale Ethereum Classic Investment Trust is huge advantage for Ethereum Classic project and it gives us more courage to keep ETC tokens long term. Passive income with ETC tokens I strongly suggest to keepo ETC tokens safely (there are many places for this purpose. Svt software for mac.