Ethereum Classic (ETC) Has An 'Incredibly Unique Market Positioning', Former Morgan Stanley Vice President Says
Donald McIntyre, the founder of Etherplan, a blog and resource for videos explaining how blockchains, sidechains, and decentralized applications (DApp) function, recently argued that Ethereum Classic (ETC) has “an incredibly unique market positioning in an extremely valuable niche.”Ethereum Classic has an incredibly unique market positioning in an extremely valuable niche:#ETC #EthereumClassic #TuringComplete #PoW #CodeIsLaw #Immutability pic.twitter.com/QdC5kkV27o— Donald McIntyre⚡️ (@TokenHash) October 1, 2018
McIntyre explained (by sharing a diagram) that the Ethereum Classic platform is the only major (fully) proof-of-work (PoW) and Turing Complete blockchain-based cryptocurrency network. The former senior vice president at Morgan Stanley noted that Ethereum Classic’s unique properties, or characteristics, make it “perfectly suitable for decentralized computing.”Will "Always" Be Proof-Of-Work
As the Ethereum (ETH) blockchain begins its transition from PoW to proof-of-stake (PoS), McIntyre wrote that Ethereum Classic (the original Ethereum still using the same blockchain following the DAO attack) will “always be PoW” and it has a “fixed monetary supply” - meaning there will be a finite number of ETC issued.
McIntyre also argued that Ethereum Classic has “the same security philosophy as Bitcoin” while its “governance model is emergent open-source adoption.” In response to the former UBS Securities vice president, Twitter user @theonevortex said that Ethereum Classic was too “niche” and that cryptocurrency projects require consistent ongoing d...