Buy Coinbase Stock - Should You Invest in Ethereum Classic in 2020?

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What is Ethereum Classic?

Ethereum Classic (ETC) is a crypto-currency born as a hard fork of Ethereum (ETH).

As already explained in other videos, a hard fork is a cryptocurrency project parallel to the original developed from its source code.

In this case then Ethereum Classic was created from the source code of Ethereum

Usually forks are the result of disagreements in the development team regarding the decisions to be made, but in this case things went differently.

In 2016, 2 years after the creation of Ethereum, an investment fund (DAO) was created to support the creation of a decentralized network based on the Ethereum blockchain.

Due to a flaw in the system there was a theft of $50 million in tokens from the investment fund and so, to restore investor confidence, the Ethereum Classic network was created with the aim of making defrauded transactions invalid.

Ethereum Classic has exactly the same functionality as Ethereum. In fact, it allows the management of Smart Contracts, Decentralized Apps (dApps) and can support ICO's.

It should be noted, however, that there are differences:

1. ETC is newer than ETH and therefore less technologically advanced. However, it is supported by a strong community and some of the ETH developers.

2. ETC has a lower hash-rate than ETH and therefore can be cheaper to undermine than ETH. This can increase the chances of its mass-adoption.

3. Having a lower hash-rate also means having a less solid blockchain and being more exposed to hacker attacks.

In January 2019 ETC suffered a hacker attack but thanks to a timely intervention of its developers, the blockchain was secured.

At the moment we're writing ETC is in tenth position per market cap with a value of over $500 million.

So is investing in ETC worthwhile?

As we always say, before investing in a cryptocurrency is good to acquire as much information as possible.

In addition to the information we have already provided you with, we have been looking for the world's most authoritative market forecasts and have gathered them here for you.

- According to Walletinvestor, the price of ETC could fall from $5 to $0.48 in 2020.

- DigitalCoinPrice even plans to double the value of ETC to $10.8 in 2020.

- TradingBeasts doesn't go out of balance and talks about a $1 increase in value in 2020

Where can you buy ETC?

You can decide to

- Buy ETC
- Trading with ETC

If you decide to buy, we recommend that you do so by purchasing at least $100 worth of Tron on Coinbase (see links in description).

Coinbase is the world's most secure cryptocurrency purchasing platform and can also be used as a digital wallet.

If you want to trade we recommend you to use the eToro platform (see links in description).

Why eToro?

eToro is a company that has been operating in the trading market for over 10 years and is fully regulated and adheres to the strict guidelines of CySEC, FCA and ASIC.

Because all trading involves risk and eToro wants its clients to make smart investment decisions, the eToro platform offers a wide range of responsible trading functions.

Beginner traders will receive support for their first online trading operations and experienced traders will benefit from risk management features that will help them trade intelligently and responsibly.
Category
Crypto Investing
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buy coinbase stock
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