The rise of Bitcoin above $100,000 has shocked the Cryptocurrency market, and Ethereum Classic (CRYPTO: ETC) has become a notable winner after this milestone. Ethereum Classic, a decentralized Blockchain platform, preserves the integrity of the original Ethereum network following the controversial 2016 split.
Built to maintain immutability, the principle that blockchain transactions should never be altered, Ethereum Classic offers a distinct value proposition compared to its counterpart, Ethereum.
What you need to know
As Bitcoin cements its digital gold status, Ethereum Classic benefits from increased attention to blockchain alternatives that emphasize security, transparency, and adherence to decentralized principles. ETC is particularly attractive to purists, who prioritize a hands-off approach to blockchain governance.
The broader rally in decentralized assets has sparked renewed interest in Ethereum Classic as a profitable, Ethereum-compatible, proof-of-work (PoW) blockchain.
Ethereum Classic Price Movement
Ethereum Classic is up 16.7% in the past week and 2% to $37.40 in Thursday trading.
You can also read: Bitcoin exceeds $100,000: Bitcoin Cash rises 5% and captures attention
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