What is the function of ETC coins (Introduction to ETC coins)

What Does ETC Coin Do? With the development of blockchain technology, the concept of decentralized applications is receiving increasing attention. However, since most blockchain projects are issued based on Ethereum, they are not suitable for use as a means of payment. Therefore, many problems have also arisen during the development process. For example, some exchanges choose not to support the currency for trading in order to ensure fund security, resulting in the system being unable to operate normally, and so on So for ordinary people, if there is no stable and reliable application that can maintain consistency with their network, they cannot accept these services or services, and users may not receive such services, products, and services at all. But this will also affect the price fluctuations of other digital currencies or virtual assets, as well as the impact of other factors. For example, the recent surge in Bitcoin prices is also due to this reason. Of course, unless this situation occurs in extreme circumstances, everyone is still quite concerned about it

What’s more interesting is that because all kinds of tokens have their own characteristics and exist in the market to varying degrees, when people begin to understand a Cryptocurrency, they will feel that its value is very high. However, in reality, few people are willing to believe that it has the value of existence, so there are many speculations about whether it can be used to do something, and even some people believe that this is a very inefficient work. That’s why many people view this project this way. In addition, some people believe that in addition to some of the basic principles mentioned above, there are also a series of issues such as security that need to be addressed. So it can be said that many investors invest their money in it, rather than just holding these coins

To sum up, both Bitcoin and Ethereum belong to the mainstream of the public chain, and they have very obvious market advantages. From this perspective, their success is mainly due to their more fair consensus mechanism, while also protecting the interests of users to a certain extent, which is also their most anticipated outcome

Introduction to ETC

According to official news, Ethereum Classic (ETC) officially launched its main network on January 13 this year. A new smart contract programming language Solidity has been added to this version of the software, as well as the ability to make changes to blockchain: it supports all ERC20 standards and protocol types, such as ETH, ERC721, ERC1155, etc., including EVM It is understood that since 2017, multiple well-known companies have developed various decentralized applications based on distributed ledger technology, such as Uniswap, SushiSwap, Bancor, Chainlink, etc., which has attracted more and more funds to focus on such projects. 1. What is ETH? At present, the mainstream electronic krona is the main Medium of exchange of Ether, namely Bitcoin; And Tesla stocks are also a part of the currency that uses Tesla as a means of payment; In addition, companies such as Apple and Google are also using similar methods to purchase Tesla’s shares, but this approach has not been successful. What is’ ether ‘? According to CoinMarketCap data, on the afternoon of December 31, 2017, ETH prices reached a historic high of $8.55, with a 24-hour decline of 16.8%. According to the market, ETH is currently trading at $40.68, with a daily average increase of 6.53% on the 7th.