Ethereum Classic the rebranded DAO-bound chain has gain momentum since its introduction, raising more than $1.5 billion in the market cap making it the 7th most expensive cryptocurrency. Several investors were stuck with the old Ethereum which became the Ethereum classic because of ethics. The pioneer Ethereum program was against financial crime and it was built on transparency and integrity. This created sympathisers around the world, who were against the new Ethereum.
The Ethereum Classic is great; however, it is not backward compatible. Therefore, users are not able to access the updates released by ETH. Also, the big shot in the Ethereum community are in support of ETH and with them several followers.
On the other hand, the new Ethereum (ETH) with the backing of the movers and shakers of the Ethereum community, holds a sum of $24 billion in the market cap placing it in second position as one of the most expensive cryptocurrency. The Ethereum (ETH) stands as a success story for the Ethereum community and this has been investors drive to keep the community going.
Just like the ETC, the new Ethereum also had a problem which ETC fanatics described as ideological. The new Ethereum goes against the policy of immutability and this could pose a threat in the future.
In the end, ETH stand stronger than ETC and will continue to flourish with time. Although ETC has some potentials and has decided to uphold the initial laws and morals of the Ethereum, it is bound to face several issues in the future and this could pose serious threats.
The future of the Ethereum community rest on the shoulders of ETH. it is advised as a lover of cryptocurrency to invest in ETH as, it is built on unity and supported by the forerunners of the Ethereum community. If you are looking for stability and growth, investing in the new Ethereum (ETH) is what you should do.