ETC: Digital gold with PoW and fixed issuance! 🥇💾
Text: Some supporters of Ethereum Classic (ETC) view it as a form of "digital gold" or a store of value asset, relying on several key characteristics:
Fixed issuance: ETC has a strictly limited maximum supply of 210.7 million coins, making it a deflationary asset, similar to Bitcoin.
Proof-of-Work: The use of PoW for network security, like Bitcoin, is seen as a reliable and proven mechanism for safeguarding value.
Immutability: The philosophy of "Code is Law" and the immutability of transaction history add a level of predictability and reliability, which is valuable for long-term asset storage.
Censorship resistance: The immutability and decentralization of PoW make ETC resistant to interference, which is important for preserving value in uncertain conditions.
These qualities position ETC as a potential store of value asset that may appeal to investors seeking alternatives to Bitcoin or other PoW coins.