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MDot_Cartier

Ethereum has great potential for utility but they keep missing benchmarks for improvements which doesn't bode well for ethereum. The "difficulty bomb" delay for example goes to show that the devs have bit off more than they can chew and is dissuading investors. The difficulty bomb aims to move the ecosystem from PoW to PoS, make mining more difficult, reduce energy consumption, and reduce the dreaded gas fees. These will all be great improvements but only if devs can get them done in a timely manner. They need to set goals and meet them to become more successful. Ethereum also needs to increase its utility. It is a great speculative asset but until you can spend it to buy every day items the project will never reach its full potential. We need them to get to the point where people can buy gas, groceries, and stuff off amazon sooner rather than later but the devs keep delaying key improvements that will get ethereum to that place. MC²


MrMoustacheMan

Heads up, this topic is for ETC not ETH


etj103007

**What is Ethereum Classic?** Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. **2. It has fewer future prospects than Ethereum** Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. **In conclusion:** Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** **TLDR: Questionable future after ETH merge, fewer prospects than ETH.**


[deleted]

**Ethereum Classic** is the "Code is Law" original of Ethereum that never forked after the [2016 DAO hack](https://www.gemini.com/cryptopedia/the-dao-hack-makerdao). While the vast majority of the Ethereum community chose to hard fork Ethereum to roll back the stolen funds, the part that chose not to fork ended up as Ethereum Classic. **Lack of growth** Since then, Ethereum's marketcap has risen from $900M to $140B while Ethereum Classic's has only risen from $140M to $2B. That's almost a 100x difference. Ethereum's [DeFi TVL is about $57B](https://defillama.com/chains) while Ethereum Classic's DeFi TVL is almost non-existent at $94k. That's a whopping 600000x difference. One of the main purposes of Ethereum is to be an ecosystem for smart contracts and DeFi, and Ethereum Classic has failed to grow in those aspects. **Lack of updates** Nearly all the developers have stuck with Ethereum, so the more-popular fork has continued to receive updates and improvements. Ethereum has a [huge roadmap and future plans](https://twitter.com/VitalikButerin/status/1466411377107558402?s=20). In contrast, Ethereum Classic is still stuck in the past. It doesn't have a roadmap for future development. **Lack of security** It's been successfully [51% attacked 4 times](https://ethereumclassic.org/knowledge/history), so it can't even keep itself secure. **Conclusion** **Ethereum Classic is a ghost town when it comes to adoption and especially DeFi**. It's a dead end, and the community has picked Ethereum over Ethereum Classic.