What is ETC in Funds

08/15/2023 22:22 • Blockchain Buzz • 113 views

What is ETC in funds Editor’s note: This article is from Chain Catcher (ID:iqklbs) and authorized by Odaily Planet Daily for reprinting.

The full name of Ethereum Classic is Ethereum Classic, called ETC in Chinese. After being acquired by Chinese mining investor Li Xiaolai in 2016, ETC has developed rapidly and is currently mainly maintained by the ETC core development team. According to introductions, this project is a digital asset fund based on blockchain technology, specifically providing services for small investors. There are two types of products in the fund-S Formula Ordinary Fund and Class A Fund. Among them, the S formula is simple, flexible and easy to manage, while the Class B fund focuses more on security and privacy protection, allowing large funds to participate. According to the official website, this fund consists of three products, which are the Bitcoin halving plan with BTC production reduction and the investment opportunities coming in 2020.

1. What new mining revenue strategies will be launched after the Bitcoin halving?

At the beginning of 2018, with the popularity of the cryptocurrency market and the development of the DeFi ecosystem, the price of Bitcoin began to rise all the way. However, there have been no significant changes in the second half of this year, but instead various kinds of altcoins have emerged.

Therefore, from the perspective of the market, these altcoins are not so dominant. Although the prices of many old projects are performing well, most of them are in a downtrend due to their large price fluctuations, which makes it difficult to maintain a high-level consolidation for a long time. Therefore, for most new public funds, such risks still exist, and if this risk continues to persist, it is difficult to attract more institutions to enter and layout in this field.

2. Since the upgrade of the Ethereum network to the 2.0 stage, some projects have already implemented “soft forks”, including Ethereum Classic (ETC), Bitcoin Cash Network (BCH), and so on. However, due to the current system still being in the early stage, many problems have not been solved, such as performance issues or deficiencies in security. Therefore, some older tokens also cannot fully meet their functional requirements. For example, some ETH raised through ICO earlier will not be unlocked until the 2.0 stage, and a large amount of funds raised in the early stage will be directly transferred to other platforms for the purchase of mining equipment, etc. In addition, there is also a possibility of transferring Ethereum computing power to the PoW mechanism, making some applications or business models more centralized.

3. What is the story behind ETC?

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What is ETC in Funds

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