Home CryptoCurrency News ETC’s technology is compatible with Ethereum Tech, Says ETC Developer

ETC’s technology is compatible with Ethereum [ETH] Tech, Says ETC Developer

Igor Artamonov, who is the co-founder and chief technology officer at the ETCDEV – a group of software developers who focus on developing code for the Ethereum Classic (ETC) blockchain – has said that the ETC technology is backward compatible with Ethereum [ETH] blockchain.

Responding to a Quora question on the platform, Artamonov explained that ETC’s technology is currently compatible with ETH technology on the API and Ethereum Virtual Machine (EVM) level.

The developer was however quick to point out that some of the features that have been added to the Ethereum (ETH) blockchain since the infamous hard fork that resulted in the split between the two blockchains may not be compatible on the ETC blockchain. In particular, he mentioned that features that have coursed inherent security compromises as well as those that contribute to the centralization of the ETH platform.

Founder of ETCDEVArtamonov further expounded that most smart contracts and decentralized applications (dApps) running on the chain can be run on the Ethereum Classic network as well. He also included most development tools and code libraries on the list of things that could work on both networks.

He wrote, “Basically if you see that a tool for developers is for Ethereum, it means it will work on both Ethereum ETH and Ethereum ETC, as well as on private Ethereum-based networks and most of Ethereum forks.”

He also pointed out the differentiating factor between the two networks and chief among them is the philosophical view of the blockchain world. ETC community believes in the original Nakamoto vision of decentralization and more security to the network. ETH has lately been veering off this vision according to him. Most notably is the suggested move by the Ethereum [ETH] move from the Proof of Work (PoW) consensus mechanism that is provably the most secure, to the Proof of Stake (PoS).

He pointed out that “ETC doesn’t plan to move to any PoS at this moment, because PoS is much less secure and brings centralization around big capital (and early investors, which got 70% of ETH supply).”

Carlos Teodoro
Cryptocurrency enthusiast and everything they represent, Carlos is responsible for writing articles, creating images and belongs to the Crypto Economy team since 2017. He is also in charge of the commercial department, social networks and the revision of translations. Carlos continues to train every day to become an expert in the blockchain.
- Advertisment -