• Apart from hashrate, the blockchain’s mining difficulty gained upward momentum. 
• ETC was down by over 2% in the last seven days, and a few indicators were bearish.

After Ethereum [ETH] turned Proof-of-Stake (POS), Ethereum Classic [ETC] gained much popularity for its Proof-of-Work (POW) consensus mechanism. In fact, as rightly revealed by the blockchain, ETC was the top PoW smart contract in the world, followed by Conflux and Kadena. However, in a time when PoS and Ethereum layer-2s are gaining immense popularity, will ETC be able to maintain its relevance in the industry and among investors? 

You might be interested to know #EthereumClassic is the largest #PoW smart contract network in the blockchain space, by a significant margin.

It is adopted in virtually the entire crypto CEX/Wallet ecosystem. With consistently high vol metrics and deep liquidity. pic.twitter.com/KxpcBxhqMv

— Ethereum Classic DAO (@EthClassicDAO) July 23, 2023

Realistic or not, here’s ETC market cap in BTC terms 

Ethereum Classic remains a top POS chain

Ethereum Classic Dao recently posted a tweet pointing out the blockchain’s achievement o

Go to Source to See Full Article
Author: Dipayan Mitra

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details