Here are some potential advantages of adding $ETC coin to your crypto portfolio:
1. Decentralization and Immutability: ETC maintains a strong commitment to the principles of decentralization and immutability. This adherence to the original ethos of the Ethereum blockchain appeals to investors who value these principles highly, providing a distinct alternative to other blockchains that have implemented more centralized governance structures or have altered their ledgers post-deployment for various reasons.
2. Security Enhancements: Despite having been targeted by 51% attacks in the past, Ethereum Classic has implemented measures such as the MESS (Modified Exponential Subjective Scoring) solution to significantly increase the cost and complexity of executing such attacks, aiming to enhance network security and restore investor confidence.
3. Developer and Community Support: ETC benefits from a dedicated and passionate community and developer base. While it may not have as many developers as Ethereum, the community's commitment ensures continuous improvements and updates to the platform, potentially increasing its utility and value over time.
4. Potential for Growth: As the original Ethereum blockchain, ETC holds historical significance and retains potential for growth, especially as the cryptocurrency market evolves. With ongoing developments and updates, ETC could capture increased interest from developers and investors alike, especially those looking for alternatives to Ethereum, particularly in the context of mining post-Ethereum's transition to proof-of-stake.
5. ETC Mining Opportunities: With Ethereum's shift to proof-of-stake through The Merge, Ethereum Classic remains one of the major proof-of-work blockchains. This presents an opportunity for miners to continue their operations and for the network to potentially attract additional hash power, enhancing its security and potentially the Ethereum Classic value.