Ethereum was originally hailed as an improvement to Bitcoin when the first model was debuted. The Ethereum protocol, is different from the Bitcoin protocol and Ethereum has built a reputation for itself in the market thanks to the use of its ERC20 token which is commonly called Ether. For a long time, people focused on comparing Bitcoin and Ethereum but the story has changed now. The war is between Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum Vs. Ethereum Classic
Ethereum Classic (ETC) was born after the June 2016 hack that cost the Ethereum network over $55 million. Ethereum Classic is the soft fork of Ethereum. The hack was independent of the network and was caused by some external factors. Comparing Ethereum to Ethereum Classic is kind of futile as Ethereum Classic is the Ethereum that was left for dead but refused to die. The Ethereum community decided to stick to the hard fork.
Ethereum (ETH) Price Today
Those users of the original Ethereum chain who were victims of the DAO failure use ideology to justify their devotion to the chain but they also have some technological arguments as back up. However, users are more driven byemotions than they are by technological facts.
In today’s cryptoverse, the Ethereum ERC20 token is much more popular than the Ethereum Classic token. Most of the real world use cases are applicable to Ether while Ethereum Classic is second place. When you rank both coins in the conventional way, emotions apart, the Ethereum Classic will still be a top-tier altcoin.
What are the Technical Differences Between Ethereum Classic and Ethereum
While developers can point out major technical differences between Ethereum and Ethereum Classic, an end user may not notice any difference when it comes to application. Both networks have smart contracts functioning on the Ethereum ecosystem.
Ethereum and Ethereum Classic have advantages, however, when it comes to real-world case uses, Ethereum is the number one choice. Just like with every other cryptocurrency, no one can truly predict what the future holds for Ethereum and Ethereum Classic. All we can do is wait and see.