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Why hasn’t anyone hyped up the Ethereal Classics (can Ethereal Classics still be done?)

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Why hasn't anyone hyped up the Ethereal Classics (can Ethereal Classics still be done?)

Why did no one speculate on Ethereum Classics? This is because on December 18, 2018, Bitcoin first broke the $40000 mark, when the price was close to $20000. But now the market has begun to decline. The trend of Ethereum Classic seems to be not ideal. Some people even say that the price of Ethereum Classic has dropped to more than 30000 yuan, which has a lot to do with the market value ranking of Bitcoin Many people ask, why is there no project worth investing in in Ethereum Classic? What are the application scenarios of Ethereum Classic worth investing in? Today, let’s talk about the usage scenarios of Ethereum Classics Technically speaking, Bitcoin is currently the only network that can be traded without the need for mining. And Ethereum Classics is implemented in this way, allowing users to directly participate in the network for value transmission and freely use their native tokens (such as ETH) and other encrypted assets like other blockchains Then let’s take a look at the application scenarios of Ethereum Classics:

For example, applications such as Dapps and DeFi on Ethereum Classics; There are also some gameplay similar to Bitcoin Flash Loan In fact, many of the classic functions of Ethereum are very simple. The first method is to run smart contracts on the chain. The second is the ability to communicate and transfer information between blockchains, which takes a long time to complete. The third type is to create decentralized applications offline

Can Ethereum Classics continue to work

Editor’s note: This article is from ChainNews (ID: ChainNewscom) and is authorized for publication by Planet Daily

On June 30, the Ethereum Classic team officially launched the second phase of the main network hard fork upgrade “Constantinople”, which was the first milestone event after the last public test of network version upgrade after the London hard fork in May, marking the new evolution process of the Ethereum Classic block chain from Proof of work to proof of equity. According to the official announcement, the “Constantinople” upgrade is an important functional upgrade – it will enable the Ethereum community to expand its consensus algorithm, achieve decentralized block production process and provide feasible tools for developers through lower costs and more transaction confirmations. ” In addition, this upgrade also allows clients to perform local synchronization Currently, two mining pools have announced the launch of mining service providers supporting Ethereum Classic (ETC) native token ETH – Bitcoin ABC and Tezos Foundation. Among them, Bitcoin ABC and Tezos Foundation have received investment commitments totaling about 1.5 million dollars, and both entities have received support from Ethereum Foundation Grants Fund But over time, this situation will change: “When we decide to use PoW, we will prioritize security and privacy issues; before the beacon chain, we did well in security, but now we choose to maintain an open mindset.” Due to the increasing demand for verification nodes, these levels of participation are rapidly increasing. Therefore, in order to address the current situation and challenges, the existing PoW mechanism can serve as an alternative solution. However, if no measures are taken to improve the user experience of Cryptocurrency such as 32 BTCs or more than 10000 bitcoins, there may be a 51% attack risk. For those who hope to ensure sufficient funding within the next two years, they may lose their funds. I think the worst thing at this time is not to maintain your wallet, but to wait for you to leave, because if you want to exit, you need to put your password in the cold storage first. If all goes well, Ethereum 2.0 is expected to be launched next year. If everything is empty talk, “wrote an anonymous researcher named” TheDefiant. eth “. “I won’t say ‘why’? ‘Because’ I don’t believe ‘, but I believe that’ if ‘really doesn’t have any value, what does it mean?” “So I will continue to think like this.”

Although Vitalik Buterin, the co-founder of Ethereum, recently tweeted to explain the Ethereum improvement proposal (EIP-1559), he didn’t detail the schedule of the specific implementation plan, and said that EIP1559 may not be suitable for all users. Although EIP-1559 aims to solve some potential problems and alleviate the problem of excess energy in the Ethereum core agreement, serious loopholes may appear in practice.

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