RE: LTC and ETC showing signs of strength since my last post.

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LTC and ETC showing signs of strength since my last post.

in cryptocurrency •  8 years ago 

Can you tell me more about ETC vs ETH?

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8 years ago by

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      ·  8 years ago (edited)

    From what I know there's been increased attention on ETC especially by China recently to be used more in their ethereum markets which should mean a higher price soon in my opinion. While ETH has more corporate attention and bigger investors obviously it also has more government regulation and ongoing scaling issues which could be a double edge sword. I know some say ETC is dead but I'm not so sure. People might be looking for a "fresh start" or just a cheaper option to grow on. I'm still researching though so my opinion could easily change by tomorrow to be honest lol. Do you have any thoughts on the differences?

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        ·  8 years ago 

      For background you will have to read up (or listen up) on the DAO Hack where millions of dollars worth of ETH were "stolen." Because of that there was a split (a hard fork) where two Ethereums came into existence (ETH and ETC).

      ETH eliminated the block(s) where the theft took place and thus got a clean start. Meanwhile ETC still contains the record of the hack. And otherwise they are the same, like clones -- they have the same capabilities to build smart contracts.

      There's more and it's interesting to see how it will be resolved. It seems the unscrupulous hackers have not used the plunder. It is known where it is (on the block chain) but not who controls it. That ETH may 1) disappear/be eliminated 2) be returned to the 'rightful' owners or 3) still go to the hackers or I suppose 4) remain unclaimed.

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