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What is etc coin (etc coin introduction)

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What is etc coin because there are too many nodes running on the network, many d

What is etc coin (etc coin introduction)

What is etc coin because there are too many nodes running on the network, many developers cannot directly obtain block rewards from it. These wallets can serve them and provide their own services for payment, trading, or transfer operations.

But why? Because if we use the Ethereum protocol, it does not need any intermediaries to complete these businesses. This makes it easy for them to be hacked and abused, and their security issues are also very serious! Therefore, to avoid this situation, it is best for everyone to transfer funds to other decentralized application platforms (such as DAppStore) or decentralized exchanges (such as Bithumb). In addition, users can transfer or recharge anytime, anywhere. Currently, this project is completely based on the Ethereum blockchain.

Introduction of etc coin

According to official news, ETC coin is one of the most popular new projects in the blockchain field, and the development team behind it is the Ethereum Foundation.

Since its establishment in 2017, the platform has developed rapidly and has been running for more than 7 months. Starting in early 2019, it has attracted many well-known figures in the industry, including the famous American investor Paul Tudor Jones, the Bitcoin core technology expert Tim Curry, and the partner of the top venture capital firm Andreessen Horowitz (a16z), Dunhua Capital and cryptocurrency investor Peter Thiel.

As of February 18 this year, ETC’s total network computing power has exceeded 400 PiB, and the mining difficulty is 15.14T. According to statistics, as of the end of April, more than 3,000 clients are using this function. Since the official launch of the mainnet in early November 2017, the ETH network has been optimistic. In May 2020, the first testnet upgrade of ETC mainnet was successfully completed, increasing the block confirmation speed by more than 50%. As more mainstream wallet applications support this system, the second round of hackathon activities will be launched later, and announcements will be made to encourage more users to actively participate in the construction and development of the ETC ecosystem.

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