hey everyone and welcome to our channel it's guy here and in today's video we're going to
hear about the incredible etc the ethereum classic which a lot of people think is just
a clone of ethereum but today you will learn it's much much more so make sure to watch till
the end in order to learn how you can actually benefit this project to optimize your business
your finance and hopefully make some money please notice our disclaimer since i'm not a financial
advisor so this video is for informational and educational purposes only all right so
first of all what is ethereum classic so a lot of people might think that ethereum classic is just
a cheesy clone of ethereum but it's not that actually ethereum classic is actually
a continuation of the original theorem that was launched on 2015 which is actually the ethereum
foundation forked away from by launching a new protocol one year later and 2016 but the beauty
and the application of ethereum classic have been operating uninterrupted for a year longer than
on ethereum and it's actually making edc ethereum classic the longest running and the most reliable
smart contract platform and more importantly ethereum classic has never been and will never
be stopped or interfere with smart contracts deployed it to it and as unstoppability is what
makes blockchain useful and valuable it might be an incredible tool that will be used in the future
because unlike ethereum on classic the code is the law and it means that the application run exactly
as programmed without any downtime concernship or third-party interference and ethereum plastic has
actually evolved to deliver exactly that this promise and this characteristics that yield
decentralization unstoppability and concernship resistance against strong external forces and
it's actually incredible because it's the only major smart contract platform that has proven its
ability to uphold its promises because you can see a lot of projects and you can see a lot of
explanation about that they're working and proof of work and stuff like that but when you actually
get in inside the details you understand that what they promised and what they actually doing is a
bit different but in ethereum classic they're actually standing and keeping their word and
keeping their promise and they're committed to remain on proof of work and definitely
in pursuit of decentralization maximalism so if you actually think about mining and stuff like
that and actually make passive income it might be a good idea to check ethereum classic out
by clicking the link down below and then you will be able to learn much more now on the technical
level one of the biggest differentiation between ethereum classic and its sibling ethereum is that
ethereum classic committing to remain on proof of work on ethereum if you didn't know they're
actually working on going towards more proof of stake and more advanced proof of stake systems
and that's why actually it's a bit different of proof of work and of course that it will make the
mining on ethereum a little bit less profitable but on ethereum classic as you can see in here
they are actually committed to remain like that which will might be a good idea if you're a small
miner but make sure that like mining crypto of course and not a miner and your age but make
sure that you actually go through their website and read exactly about all the details about the
profitability and stuff like that because it also depends on which country you're in and also which
computer or which graphic cards or whatever that you're using to mine and also make sure that you
read their security trade-off in order that you will understand more details about what is of work
what is proof of stake and also to understand more in details about if it's really the case
that proof-of-work is safer than proof-of-stake or it's the opposite now by the way they have
an incredible part in here you can actually see on the play and you can actually see also about
the mining the pools the software and also the profitability and we'll look about it in a second
but also you can see about their services that actually it's a blockchain with a rich
ecosystem application that includes wallets exchanges and decentralized applications and it's
actually increasing over time so as the number of these services grow over time so does the utility
and the value of the network as a whole because think about it this way the more companies and the
more people that actually depended of the services in this platform so the more value and power
it has now about their important warning but make sure that you actually read about the important
warnings and actually understand every single detail when you actually consider about invest and
make sure that you don't invest what you cannot afford to lose and it comes to any investment
of course it's not a financial advice you can do whatever you want but make sure that you actually
understand more in details about every single project that you consider to invest in order that
you understand what you're doing and what you're not doing now about their play also you can see
about their community that it's something that it's far more than just some lines of code okay
ethereum those lines actually defined the ethereum classic protocol that has a magical property that
thanks to their economic incentives and game theory enables otherwise totally unrelated
individuals to come together and organize far more efficiently peacefully and powerfully than
other organizational structure known today and if you want to actually get into their community
you can actually go to their twitter okay you can actually go to the website and then when
you scroll down you can click in here and then we will get to their twitter that actually has over
655 000 followers and they post here a lot and actually you can see in here that they have some
posts with hundreds of engagement and also you can head over to their discord and see that they
have over 10 000 members and as you can see that currently almost 10 of them are online so it's
actually a good sign that they have engagement in there and also you can actually see about
their community about their social media channels about their events you can actually stay notified
and also about the developer teams and you can actually click in here and you will be able to
read more details about the social links of the ethereum foundations the parity technology and
much much more now about their mining so with ethereum's imminent recent switch to
proof-of-stake the merge ethereum classic becomes the largest proof of work smart contracts platform
and actually inherently many of the miners that previously mined ethereum as ethereum classics
hashing algorithm as almost identical to ethereum it supports the same hardware and the mining
etc should be as simple switching to a mining pool that supports etc and it's very like if
you're mining let's say for example with a computer with several gpus so because the
requirements are very very similar it might be a good chance that you can actually mined also etc
so make sure that if you are considering to switch from mining ethereum to etc that you can actually
make sure that your tools should work for it but in most cases it should now ethereum classic has
a long-term commitment to proof of work so if you're a miner and you're probably if you're
mining crypto you're actually thinking for the long term make sure that you actually head over to
here to the mining resources on play and actually click on commitment and then you will be able to
read more details about it and you will be able to see and the true consensus mechanism
that provides a solid foundation on which to build unstoppable application
and actually see more in details about the mining pools the hardware and the mining software so as
you can see you have a very well-known mining pool like binance pool like miners like etheremind and
also high volumes so if you're mining with one of those pools ethereum make sure that you check
that maybe if you're interested to mine ethereum classic you can actually switch it very easily
if of course you understand this project and you want to invest in it now if you want to actually
read about their news you can actually click in here and as you can see that they post very
consistently a lot a lot of news and actually it makes you stay aware about the different changes
and about their development and that way as an investor if you're considering to invest this
project you will have much more peace of mind because you know that they are keeping progress
and they hopefully keep their promises about their progress and about the different changes that they
are committing to make in their project now also if you will go to their main page you should
actually see all the news in here now if you want to actually see their latest applications
so you can actually see in here and also see all the apps right in here if you will click it
and as you can see that you will be able to scroll down and to see all of them now about nfts if you
actually want you can actually see the different apps in here you can see the different games that
you have in here that you can actually see the finance apps that you can actually use using edc
which is actually decentralized and decentralized exchanges of course and also decentralized
autonomous organizations and much much more and you can actually get in here and if you're uh
considering to take part this incredible project make sure that you actually understand about all
the possibilities you can actually use in order to maximize your profit by investing this project
and also learning about all the opportunities that you can actually learn about it and to stay
notified like reading their blog or to actually to understand more in details about them you can go
to their about and about the website as well and also you can see the different contributors by
the way when you will click on the about as you can see in here and if you want to know exactly
everything that you need to know about interacting with the network with a number of ways you can
actually click in here on the learn and then go to the guides and also go to the videos section
and then you will be able to actually learn more details then you can see in the beginning what
they're talking about let's say the closing keynotes and stuff like that and also about
whether it's a hype or it's something more than just something new which is sounds cool and people
a lot of talking about it now you can see a lot of explanations about trading if you're a trader
or considering to become one about mining if you're mining crypto and also about the different
conferences that actually been about the etc and that way you will be able to actually learn from
first sight to see very very well known people talking about this project and to understand if
it's right for you now one last thing that i want you to go is actually to the knowledge section
and in the knowledge section you can actually learn about the foundations you can learn about
the theory and also about the investor resources which is very very important if you consider to
be one of them and also you can see here about the history of the development because when you
will actually learn about their progress and about what actually been and what is improving you will
be able to understand how serious this project and how much they are working on improving and
developing themselves and as you can see they move slowly and don't break things on the way
and they actually keep their promise by keep doing improvements to the network more and more and more
and make sure that it will keep their promise because you know one of their main factors that
is beautiful on ethereum classic is that it's keep running and it's the longest running and the most
reliable smart contract platform and doing it a year over ethereum so for summary if you want
to actually invest on ethereum classic or you're considering to learn about this platform and to
use it to your own benefits and make sure to head over to the website and actually read also about
their latest applications so if you're using coin rabbit or different tools that you can see in here
or their nft list and stuff like that so it will might be very efficient to go to their website and
if you want to understand more details about their project make sure to head over to their different
social medias and actually ask their community so thanks again for watching this video if you find
it helpful make sure to give us a like and make sure to add any comments with questions that i
may have not covered and subscribe to our channel so you can get other great content like this one
that will help you with your cryptocurrency journey that's all for now thanks for being here