Why has the Ethereal Classics always been horizontal (does Ethereal Classics have potential)

Why has Ethereum Classics always been horizontal and why has Ethereum Classics always been horizontal

Because the underlying technology (Ethernet) of the Ethereum blockchain uses the proof of equity mechanism, and conducts transactions on the chain through smart contracts. In the Ethernet network, real-time transfer and trustless transfer between any two assets can be achieved without relying on third-party intermediaries to verify funds. Therefore, when you send digital currency to the exchange, you need to convert it into mainstream Cryptocurrency such as ETH, ERC20 or DAI. If you want to participate in DeFi, you must first deposit 1 million tokens to become a Ethereum user. This process requires the use of Eth2 client Geth or Parity wallet, and then these tokens can be exchanged for other Cryptocurrency, and then purchased in a decentralized exchange. So if you want to buy Bitcoin, please select Bitcoin Core on the Ethereum main network, download the corresponding software application, and click “Connect Wallet” after installation. Once confirmation is completed, the funds will not leave the website However, for miners, mining is a big problem, especially for those who have not received enough income, even with higher handling fees, it is not cost-effective. For example, many ore pools now charge fees directly from their mining system, which leads to the miners in Ethereum being forced to throw out of the mine; Even some project parties may share costs for their own profits and require miners to provide them with their own services. This approach is not only detrimental to developers, but also very beneficial to the entire community. As long as there are people in the ecosystem who can help, you can make a lot of money Why has the Ethereal Classics always been horizontal? Because the core value of Ethereum Classics lies in its ability to solve the problem of low performance in existing public chains. The reason why Ethereum Classics can achieve this is because it has high throughput, high performance, and strong scalability. But at present, Ethereum Classic is still in an early stage: it only supports single block distribution and is not suitable for all blockchain networks; Moreover, this type of applications can only customize their required functions according to specific algorithms and conditions, such as side chain solutions like Ethereum. In addition, another method is to create a new dapps (such as a decentralized financial platform) on Ethereum. Vitalik Buterin, the founder of Ethereum Classic, once mentioned: “Although I think the development of the blockchain industry is very smooth, I really think it is only temporary.”

He concluded that “Ethereum 2.0 should be launched in the second half of this year, so that all teams can more easily accept it.”

But Ethereum Classic is not a perfect solution. On the contrary, it provides a novel technical solution – multi sign protocol, which allows people to purchase certain Stablecoin assets (such as BTC) at the optimal price at any time, so that it can operate more safely and efficiently On the other hand,

Is there potential for Ethereum Classics

Editor’s note: This article is from Xiaozha Xiaodian (ID: xiaonazha88) and is authorized to be reprinted by Daily Planet Today, I will talk to you about Ethereum classics In the past month, we have seen an explosion of Ethereal Classics. This time, after Ethereum 2.0 is upgraded to PoS, how will it develop? Let’s take a look at it from a historical perspective. 1. Current progress: Since the smooth operation of Ethereum 1.0 network for more than two months, the classic Ethernet network activities have grown rapidly. According to Coindesk, after a major update in mid June, the Ethereum Foundation released an article on the EIP1559 proposal. This proposal proposes some fine-tuning of the Ethereum Classic to better support the development of its ecosystem. 2. Current progress: The Ethereum Classic team is currently researching two new improvement solutions, namely: 1. sharding technology; 2. New smart contract platform and 3. Consensus mechanism. Although these are all proposed by different project developers, they are not exactly the same product design. 3. The “double flowers” event is good news for the blockchain industry, because with the ETH2.0 beacon chain coming online and starting to operate, users can pay ransom and other fees (usually higher than $1) with Bitcoin or other Cryptocurrency. Therefore, if more validators are added to this plan, it will result in a lower gas fee issue and a very slow transaction speed. 4. In recent months, the price of Ethernet has been hovering in the range of 3000-4000Gwei. However, due to the recent market recovery, many investors believe that Ethereum may usher in a bull market again. 5. Currently, the number of active wallets on the classic Ethernet network is small. According to Coinmarketcap data, as of the time of publication, there were more than 80000 Ethereum addresses holding at least 100000 tokens across the network. In addition, the total flux in Ethereum is close to 20 billion US dollars, nearly 20 times more than that in December last year. The current total number of active wallets in Ethereum Classic is 500000, an increase of over 20% compared to the beginning of the year. In addition, since the beginning of February this year, the average daily transaction count of Ethereum Classic has increased to 150000 transactions per day, with an average daily single transfer reaching around 100 times. At the end of May 2020, the average daily active wallet count of Ethereum Classic reached 140000, an increase of 7000 compared to last week. 6. Why can Ethereum Classic become the next king of ETH main network launch? The reason is simple. Ethereum Classic launched its beta version in late November 2018, when its founder Vitalik Buterin said that he knew Ethereum 2.0 as early as this summer, and even predicted that hundreds of tweets would be released in the next year.