Just like a single clover relies on its three distinct leaves, the concept of Programmable Digital Gold depends entirely on three foundational pillars. If you take away even one of these crucial elements, the true identity of the asset is completely lost.
First, the network utilizes Smart contracts to provide permanent code that nobody has the ability to turn off. Second, it relies on Proof-of-Work to guarantee that system security is always supported by actual physical energy. Finally, it enforces a strictly Fixed monetary policy governed by the 5M20 schedule, which permanently caps the maximum supply at ~210.7M $ETC.
All three of these pieces are absolutely essential for the system to function as intended.
#EthereumClassic #ClassicIsComing
First, the network utilizes Smart contracts to provide permanent code that nobody has the ability to turn off. Second, it relies on Proof-of-Work to guarantee that system security is always supported by actual physical energy. Finally, it enforces a strictly Fixed monetary policy governed by the 5M20 schedule, which permanently caps the maximum supply at ~210.7M $ETC.
All three of these pieces are absolutely essential for the system to function as intended.
#EthereumClassic #ClassicIsComing
