Why is the price of ETH higher than ETC (Investment value of ETH and ETC)

When you consider ETH as an asset, do you think it is deflationary? Or is it more like a cryptocurrency like Bitcoin? If there is such a question, then why is its price more like a commodity? The answer is simple – because their prices are determined by their own trading volumes, so these prices can be converted to each other. Therefore, fundamentally, there is not much difference between these two tokens. But on the other hand, there are some different values in this case because they are both created and issued by themselves for use as payment or as a medium of exchange, which is why they are so popular.

First of all, in the past few years, many people have seen blockchain as a branch of the Internet. People can now build various services and applications on it. However, as the technology advances, these protocols have become increasingly difficult to manage and scale. While we should not ignore this, we do know that many of these functionalities have been developed and are being developed.

To solve this problem, let’s first look at the differences between cryptocurrencies such as eth.crypto and eth.etc:

1. eth-crypto: a peer-to-peer transmission protocol;

2. Ethereum-Classic: a set of unmanaged, composable, and decentralized digital classified ledger structures;

3. eth-Classic: an open source distributed storage system;

4. eth-ETC: a set of applications that support running on multiple nodes;

5. eth-BTC and eth-ETC: there is no significant difference between the two types of cryptocurrencies.

What is the difference between eth-BTC and eth-ETC?

1) The main difference between eth-BTC and eth-ETC is that their market values are not the same: the first case was created before December 2017. At that time, only 21 million ETH were deposited on the platform, and then ETH was purchased with these ETH. 70% of the total supply of ETH has not been moved.

2) According to the data from the eth.cash website, the current circulating supply of ETH accounts for more than 50% of the total supply, with about 1000 new addresses participating in the network per block. In contrast, each wallet on Ethereum has 32 Ethereum addresses (each account holds 32 ETH).

32) eth-coinbase (multi-signature) exchange Bitstamp is the first exchange to adopt this method.

Investment Value of ETH and ETC

Editor’s note: This article is from Xiaozha’s Talk (ID: xiaonazha88), authorized by Odaily Planet Daily for reprint.

A few days ago, a reader asked me why I don’t buy Ethereum 2.0 Ethereum and ETC? Because these two projects themselves are open source and have no smart contract development, so we divide these two companies into two parts, one is ETH and the other is ETC, and then add these coins.

I think this question is very important because from the current situation, ETH and ETC are no longer so popular. If the demand for ETH was high before, can the current ETH continue to attract more people to participate? Of course, it is certain that due to the progress of Ethereum in technology and the increasing number of application scenarios, many users will still use this new digital currency for transactions. Therefore, many people are mining with ETH or doing various DeFi operations. However, currently, they are still very early and relatively cheap products.

And ETH tokens are also quite mature applications in the blockchain field. For example, public chain projects such as EOS and TRX have their own token issuance mechanisms. Ethereum Classic has also received a lot of attention for its “lattice” algorithm in its design and has successfully launched exchanges. Recently, the market value of Ethereum Classic has also shown a significant upward trend. As of the time of publication, Ethereum Classic has reached a value of about 300 million US dollars, compared to the valuation of EOS and LTC. It has approached 4 billion yuan, but in order to surpass EOS, it needs to make great efforts and must have enough resources to support its development.

As an ecosystem, Ethereum is facing problems such as high gas fees and congestion, and it is accompanied by the problem of excessive network bandwidth consumption, which makes it unable to bear more computing power. So when the price of ETH rises, it is also subject to some restrictions.

Therefore, the most important thing for investing in ETH is to understand what the core of this project is. How did it originate? How did it form and develop? What problems can it solve? Can it change our lives? This is a question worth thinking about. And this is what I realized after seeing the price trends of ETH and ETC. I have also written articles on such topics, hoping that everyone can learn some knowledge about ETH and ETC.