$ETC : The unfinished journey trapped in the old system
In the vast starry sky of cryptocurrency and blockchain technology, ETC (Ethereum Classic) is like a star that once shone with hope, but gradually dimmed in the torrent of time. Looking back to 2016, it was a year full of changes and disagreements. The ETH community had a deep rift due to the hard fork issue, and ETC was the product of this split. It carries the adherence to the principles of decentralization and immutability, but it has also embarked on a thorny road invisibly.
After many years, ETC does not seem to have opened up a new world as its supporters expected. On the contrary, it seems to be firmly trapped in the framework of the "old system" and cannot extricate itself. This "old system" not only refers to the possible limitations and lags in technology, but also refers to the conservative strategy and lack of innovation capabilities shown by ETC in the face of the ever-changing and fiercely competitive cryptocurrency market.
In today's world where blockchain technology is changing with each passing day, speed, efficiency, and scalability have become important yardsticks for measuring the success of a project. However, ETC still uses a relatively old technical architecture and it is difficult to achieve a qualitative leap in these aspects.
More importantly, ETC is also unable to build an ecosystem. Although it has tried to attract developers, investors, and users through a series of initiatives, its ecology is still thin and lacks vitality compared to mainstream public chains such as Ethereum. Lacking rich application scenarios and active community support, it is difficult for ETC to stand out in the market, and it is even more difficult to attract enough attention and resources to promote its own development.
Of course, we cannot deny the historical value and sentimental significance of ETC. For ETC, in order to get rid of the embarrassing situation of "no future", it must bravely face reality and embrace change. This means that it needs to constantly explore new technical paths, optimize existing systems, expand application scenarios, strengthen ecological construction, and strive to improve its competitiveness and market influence. Only in this way can ETC go further and more steadily on the road to the future.