The growing number of projects in the field of cryptocurrencies opens up almost limitless opportunities for investors to increase their capital. But this does not mean you can buy any coin through an online crypto exchange and automatically become a millionaire – you need to be very responsible in choosing digital assets. In addition to Bitcoin, which makes sense for storing capital, it is worth considering investing in altcoins, particularly in 63 eth. The names of the tokens are similar, but they differ significantly in terms of the principle of the network, cost, market size, speed, and security of transactions. You will understand which asset is right for you after studying the features of Ethereum Classic and Ethereum.
What are ETC and ETH?
Known since 2015, the platform for creating decentralized applications and the crypt of the same name, Ethereum, is second only to Bitcoin in popularity. The system operates based on smart contracts, allowing you to generate program code and optimize the management of virtual assets. Among the distinguishing features:
- platform adaptation for Linux, Windows, macOS, POSIX;
- token nativeness;
- modern cryptographic protection;
- participation of miners in block validation.
Ethereum Classic is a hard fork of the Ethereum network. The coin appeared after the community split in 2016 into adherents of the classical approach to the work of the blockchain and those who saw the future of the platform behind innovations.
The most critical differences between Ethereum Classic and Ethereum
Apart from the decentralized format of networks, ETH, ETC are entirely different projects:
Ethereum is constantly being upgraded (the transition to the Ethereum 2.0 platform with 100 thousand operations per second will be completed soon) and no longer has restrictions on the number of coins. A commission of 0.049 eth to usd makes transactions profitable, and the altcoin’s prospects are confirmed by the second place in the list of cryptocurrencies with the largest capitalization.
Ethereum Classic does not involve large-scale updates and has a performance index of 19 operations per 1 second. The low transaction speed makes the coin more challenging to use and lowers costs. But the commission is small – only 0.0001 ETC. In the overall rating of the crypto, the token is in the top 3-4; some analysts predict a decline in popularity.
Choosing the best crypto asset for investment
Sharding, in combination with PoS, makes Ethereum a more exciting investment tool, not only in the short and medium term but also in the long term. It is also possible to think about purchasing Ethereum Classic. Still, it is not advisable to invest a significant amount due to the increased vulnerability of the blockchain to hacker attacks and the low speed of transactions.
If necessary, you can exchange, etc., for eth at any time – the easiest way to do this is with the LetsExchange service, where users can make transactions anonymously and without restrictions on the size of transactions. Crypto investors should also keep in mind the need to monitor the news because the price of both digital assets is highly dependent on public opinion. By predicting the growth or drawdown of one coin, you can allocate capital in such a way as to get the maximum benefit.