Is ETC a disfunctional blockchain?

[.pacman.]

I see many exchanges do not allow etc withdraws.

Also 2 weeks to credit deposits.

Hi there,
Thank you for contacting the Bitcoin.com support team

To deposit ETC on your Exchange account you need to wait while incoming transaction will have 60 000 confirmations.

Kind Regards,
M

Failed project if it can't clear secure transactions and have $800M cap.

Sorry, but mostly all exchanges have the same rules on the ETC deposits. Because of several successful 51% attacks

[X-ray]

It's not even disfunctional but it's a failed chain. It has been successfully attacked by some 51% attack. it happened so many times and exchange sites were feeling worried if that could affect them and that's why etc deposit needs a very very big confirmation to make sure there was no 51% attack that will be affecting the exchange site.
This chain has no function and ETC chain was a garbage blockchain. Being created as a forked coin but etc created bunch of claim to be a better version of ethereum.
That's hilarious.

[durilup]

Yep I think also ETC has some issues regarding security . Found some news few months ago that some transactions on ETC blockchain were hacked and the funds were stolen . I do not know if ETC blockchain can still be updated and fix the bugs.

[MoreStamps.Global]

Exchanges are worried about 51% and that's why they need a huge number of confirmation. I remember one of the guys I know had tons of ETC - thank god he withdrew most of it!

[poodle63]

what do you expect from eth clone. 51% attack is probably as bad as it could get when it comes to blockchain and honestly doesn't deserve to be used at all and as you said disfunctional. Imagine someone controlling the majority of hashrate that could makes network disruption. I would think thrice before putting my money into something like that and now so many exchanges doesn't allow etc withdraw which speaks about the coin itself.

[ampu]

Obviously, ETC cannot compete with ETH or any other project with the same or lower capitalization. I have heard about ETC adding smart contracts but no project developing on it. ETC itself has a problem in mining as it is vulnerable to a 51% attack, in August recorded 3 attacks with great depth. Perhaps ETC should change the algorithm and add masternodes, POS to ensure the safety of the blockchain.

[TastyChillySauce00]

Exchanges are worried about 51% and that's why they need a huge number of confirmation. I remember one of the guys I know had tons of ETC - thank god he withdrew most of it!

Im sure that ETC will be the next dead coin for sure. 51% attack is a problem that exists in ETC since a few years ago. this problem never gets solved. BTW exchange sites have been putting very big confirmation and that means if ETC blockchain is still in the critical situation because it's being threatened by the people who can do 51% attack.
This garbage chain should not exist. This could be the end for ETC as people will dump it.

[Kavelj22]

Obviously, ETC cannot compete with ETH or any other project with the same or lower capitalization. I have heard about ETC adding smart contracts but no project developing on it.

ETC function just like ethereum, it's designed to build dapps. There are projects already developped at top of ETC but they are few compared to ethereum.

ETC failed in the market, and this shows that there is a system that is no longer being noticed. as a branch coin on behalf of Ethereum finally gave up. Etc. on the market price. Initially it was very good, but since mid-August the price has dropped very significantly. so it is better to avoid it because there is a potential reverse. Do you have no other options for withdrawing assets?

Exchanges apply several restrictions to deposit/withdraw eth classic, but it's still tradeble within the exchanges. So better option is to exchange the etc to another cryptocurrency and withdraw it without problems.

[InwardContour]

Sold off all my ETC holdings after the last attack, my conception of ETC being among my 5 best rated projects is history right now. However, I still think ETC should do well in future only if there is Blockchain architecture upgrade and also constant updates on their part. I remember when some crypto enthusiasts said ETC is ETH killer wayback, project hypes come and go. What I understand from this is the fact that we should always make the most of any project hype, know when to hold and vice versa.

[Beparanf]

Being created as a forked coin but etc created bunch of claim to be a better version of ethereum.
That's hilarious.

FYI, they are not the fork coin. They are the original ETH which Vitalik work with other founder. Vitalik fork the current ETH due to different vision and goals to the founder of ETC. This flaws on ETC blockchain is the main reason why Vitalik and the ETH community debate during DAO hack and they still continue this original like nothing happen.

ETC is garbage blockchain. They are just using there name to hype more crypto holders. Good thing that the exchange itself make there move to finally remove ETC I the crypto market.

[.pacman.]

It's not even disfunctional but it's a failed chain.
That's hilarious.

Agreed.
And likely indicates the future state of BSV.
If not BCH.

Lesser POW chains can handle 51% attacks, because the market will tolerate long confirm times to assure 51% risks.
But multi-BILLION chains unable to resolve confimations in a few hours, if not minutes, NOPE!

[.pacman.]

re: Is Bitcoin Cash ABC (BCHA) dead?
https://bitcointalk.org/index.php?topic=5290223.0

[casperBGD]

ETC is garbage blockchain. They are just using there name to hype more crypto holders. Good thing that the exchange itself make there move to finally remove ETC I the crypto market.

agree, but there is a price rise at the moment, which is kind a unbelievable for me, since it is obvious that ETC cannot solve issues that are around the projects for several months, if not more than that, and there is no sign that these problems with 51% attacks will be ever solved

on the other hand, in the bull market, each project is going up, and ETC is just following suite

[btc_angela]

What do you expect from a fork coin? We haven't heard any fork coins that has been successful and that alone is a good gauge already. Look at how insecure those bitcoin forks? Most of them have been hacks or exploited by hackers. So don't be surprised by ETC, just another coin that is clogging the crypto space for all we know. And probably used by some to just pump and dump, specially right now that we are in a bull run.

[Shallow]

Several successful 51% attacks? what then is there is to ask again about the nature of ETC blockchain, with this, I think it can be classified as a failed blockchain. I never found Interest in the coin, so hardly follows anything about it, hence this is also a proof to be careful of the coins we hold, the failure of the team to do something about the first 51% attack is a proof they have limited knowledge on how to move the blockchain forward. Also, the delay on deposit is another blow to users because it will only succeed in creating panic within them, and of course everyone will be on the run to sell off, this will further lead to the death of the blockchain; lack of interest from users results to no growth.

[dhemasm]

Hmm just heard this one and I think so, 60,000 Confirmations it's not even can be tolerated and looks like recent 51% Attack really affecting the chain. Well it was forked from the Ethereum chain without any improvisement beside Cheap fee, Looks like it will dying very soon I suppose. Just be careful and avoid using it!

[slaman29]

A bit sad to see this as I have some ETC and I actually took the longest time before finally getting some ETH, especially when you see all the discussions in the space supposedly wanting to champion decentralization and principles. But people forgot about ETC and they seem to have paid the price for sticking to their principles when the whole DAO thing happened.

I honestly don't know if dysfunctional is the right term. But we all have to admit it's got a lot of work to do.

Hmm just heard this one and I think so, 60,000 Confirmations it's not even can be tolerated and looks like recent 51% Attack really affecting the chain. Well it was forked from the Ethereum chain without any improvisement beside Cheap fee, Looks like it will dying very soon I suppose. Just be careful and avoid using it!

This is what I meant about people forgot. They all think ETC is the fork of ETH, when it is actually the other way around.

[suzanne5223]

What do you expect from a fork coin? We haven't heard any fork coins that has been successful and that alone is a good gauge already. Look at how insecure those bitcoin forks? Most of them have been hacks or exploited by hackers. So don't be surprised by ETC, just another coin that is clogging the crypto space for all we know. And probably used by some to just pump and dump, specially right now that we are in a bull run.

It is systematic that every fork will always be in the shadow of the coin it was created from but that doesn't mean they won't be successful and the major problem every fork had is that they are always filled with hype whereas they don't have any unique concepts that will captivate investors and miners.
With that been said, ETC protocol, software etc are said to be outdated a couple of months ago which I believe explains the reason for its blockchain disfunction.captivate

[pedrillo0]

I see many exchanges do not allow etc withdraws.

Also 2 weeks to credit deposits.

Hi there,
Thank you for contacting the Bitcoin.com support team

To deposit ETC on your Exchange account you need to wait while incoming transaction will have 60 000 confirmations.

Kind Regards,
M

Failed project if it can't clear secure transactions and have $800M cap.

Sorry, but mostly all exchanges have the same rules on the ETC deposits. Because of several successful 51% attacks

ETC, that's why it's the failed crypto project of the century so far!

Better use other cryptocurrencies!

ETH 2.0 is even coming, which will be one of the best ...

[WalkerIVIV]

ETC is garbage blockchain. They are just using there name to hype more crypto holders. Good thing that the exchange itself make there move to finally remove ETC I the crypto market.

agree, but there is a price rise at the moment, which is kind a unbelievable for me, since it is obvious that ETC cannot solve issues that are around the projects for several months, if not more than that, and there is no sign that these problems with 51% attacks will be ever solved

on the other hand, in the bull market, each project is going up, and ETC is just following suite

The rise in the ETC price doesn't matter a lot when you need a week to receive your money on the exchange site. This coin is broken. No future for ETC.
The ETC become an obsolete chain. it can't even find the best solution fix the 51% that's always occur anytime.

ETC will be the next dead coin. Everyone are not willing to receive their money a week later just to deposit on exchange site. LMAO