Biggest Asset in Ethereum Classic. Ethereum Classic (ETC) has been the center of attention for the last few weeks. That's after Coinbase announces that they will list it on their exchange. This announcement seems to have surprised many people and some investors are wondering why Coinbase chose Ethereum Classic (ETC), on top of many other better known crypto in the market.
Is there anything valuable about this crypto that has been largely ignored in the past? The answer is big. This may not be the same as other projects on the market, but the ETC is actually a very valuable project. The key value lies in its eternity.
For the layman, eternity means that nothing is inserted on the modified Ethereum classic blockchain, no matter what the situation. All information on this blockchain is permanent, and can always be used as a reference point, at any point in the future. This means the only reason Ethereum can be used is to remove bugs from the system
So does this mean that information can be changed in another blockchain, such as Ethereum (ETH)? To answer this, one must return two years ago, when Ethereum branched out to form Ethereum (ETH).
The reason for the fork is the DAO hack which, more than $ 50 million is lost. Through the ETH fork, information about blockchain is changed, thus returning investors. Investors and miners fighting this fork hold the original Ethereum and call it Ethereum Classic (ETC).
The principle of binding them is that blockchain can not be changed to change entries no matter the situation, whether good or bad. If it's bad, those involved have no choice but to deal with it.
The eternal Ethereum Classic is increasingly seen by many as an asset, its resurrection as an upscale crypto project. That's because, if companies use blockchain to generate contracts, they must be confident that the contract can stand the test of time.
Just to give you context, assuming company A sells the property to company B and this contract is done through blockchain. It would be in their best interest if the information is permanent and irreversible.
That's because if there's a legal case in the future, they can always look back at this deal on blockchain. Consequently, eternity is a huge asset to the blockchain platform, and Ethereum classic (ETC) has successfully used it as an asset. In fact, this can be a key determinant feature that will determine which blockchain projects will be adopted in the future, and which ones will wither.
With this in mind, it is quite clear that Ethereum Classic (ETC) is one of the most valuable and highly undervalued crypto projects in the market. After entering Coinbase, the volume will soar, and so will its value. ETC's chances of closing the year at over $ 100 are quite high, based on a strong brand as a lasting blockchain @ BPI
