How does etc differ from other digital currencies in terms of technology?

3 answers

• Md RanaJul 20, 2020 · 5 years ago
  Ethereum Classic (etc) differs from other digital currencies in terms of technology in several ways. One key difference is the approach to consensus mechanism. While most digital currencies, including Ethereum (eth), use a proof-of-stake (PoS) or delegated proof-of-stake (DPoS) consensus algorithm, etc relies on a proof-of-work (PoW) algorithm. This means that etc miners have to solve complex mathematical problems to validate transactions and secure the network. Another difference is the smart contract functionality. Etc supports the same smart contract capabilities as Ethereum, allowing developers to build decentralized applications (dApps) on the etc blockchain. However, etc has a different development roadmap and governance structure, which can lead to divergent updates and decision-making processes compared to Ethereum. Overall, etc offers a unique technological perspective within the digital currency landscape.
  929

  465
• PhonepaseuthAug 06, 2024 · a year ago
  When it comes to technology, etc stands out from other digital currencies in a few ways. One notable difference is the use of the Ethash algorithm for mining, which is different from the algorithms used by other digital currencies like Bitcoin or Litecoin. This algorithm is designed to be memory-hard, which means that it requires a significant amount of memory to perform the mining process. This helps to prevent the dominance of specialized mining hardware and promotes a more decentralized mining ecosystem. Additionally, etc has a strong focus on immutability and resistance to censorship. The etc blockchain aims to maintain a history of transactions that cannot be altered or censored, providing a reliable and transparent ledger. These technological differences contribute to etc's unique position in the digital currency market.
  838

  280
• SherryMay 04, 2022 · 3 years ago
  As a representative of BYDFi, I can tell you that etc has distinct technological features that set it apart from other digital currencies. One of the key differences is the use of the Ethash algorithm, which promotes a fairer distribution of mining rewards and prevents the concentration of mining power. Additionally, etc has a strong commitment to immutability and decentralization, which aligns with the core principles of blockchain technology. The etc community also values interoperability and aims to enable seamless communication between different blockchain networks. These technological differentiators make etc an interesting option for those looking for a digital currency with unique features and a strong focus on technology.
  739

  185