Tag: cryptocurrency
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Ethereum Classic (ETC) Price: Comparing Proof-of-Work and Proof-of-Stake
Ethereum Classic (ETC) stands out from many other cryptocurrencies due to its continued use of the proof-of-work (PoW) consensus mechanism, while Ethereum (ETH) has transitioned to proof-of-stake (PoS). This distinction has significant implications for ETC’s price. Proof-of-work remains a popular choice for many blockchains, but it also presents challenges, especially in terms of energy consumption…