Ethereum Classic vs Groestlcoin vs PascalCoin
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Ethereum Classic (ETC) is the original version of the Ethereum protocol that was maintained after the hard fork that took place in 2016. Ethereum Classic also aims to be a general purpose blockchain, but the majority of developers prefer the new fork of Ethereum, and most of ETC's on-chain activity is primarily speculative. | Groestlcoin is a highly adaptable cryptocurrency with fast transaction times and minimal fees. | PascalCoin increases transaction speeds by eliminating the need for all nodes in a network to maintain the entire blockchain history. |
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Ethereum Classic is the original protocol of Ethereum. As a result of the massive hack on the Ethereum-based DAO, in which around 14% of all ETH in circulation were stolen, a hard fork was proposed to return the stolen funds to their owners. This caused an ideological split revolving around the question of changing previous transactions in the blockchain. Some Ethereum holders rejected the hard fork, and decided to keep using the original protocol, based on the principle that the blockchain is immutable, and cannot be changed. | Groestlcoin is a blockchain payment protocol with a number of technical innovations and an active developer community. Groestlcoin was the first coin that activated SegWit and supports the Lightning Network. Transaction fees are very low and it claims to have instant payments. It is also one of the only coins that can be sent over SMS. | PascalCoin is the first blockchain that can be deleted, and reduces the dependency of the entire blockchain history to verify transactions. It is a Proof-of-Work (PoW) cryptocurrency that places a strong emphasis on achieving the same level of scalability as credit card networks such as VISA. Pascal's architecture is based on an innovative cryptographic structure called the SafeBox. It facilitates faster transactions by storing account balances separately from the blockchain. The SafeBox only uses the last 100 blocks on the chain to update transaction history. This allows the network nodes to synchronize much faster while preserving the security of the blockchain, and reducing the computing resources needed to maintain it. |