There are many different types of money. Each type has it's own level of usefulness. The usefulness of money can be measured using 7 major traits:
Like Bitcoin, Ethereum Classic has a fixed emission schedule.
ETC is the only major Smart Contract platform with a known future supply.
Here's what that future supply looks like:
Every Era of 5,000,000 blocks, mining rewards are reduced by 20%.
About % of the ETC that will ever exist has already been mined. Over 99% will be mined by around 2065.
The latest block is ?. The next Era will arrive at block ? in about:
Let's compare and contrast the properties of some other chains in a maximally biased way:
|Known Supply||🥳||🥳||BTC and ETC have a fixed emission curve, as shown above. ETH has an unknown future supply that can be easily changed at any time.|
|Proof of Work||🥳||🥳||ETH is switching to Proof of Stake in the near future. ETC is committed to remaining on the more secure Proof of Work indefinitely.|
|Turing Complete||🥳||🥳||ETH and ETC use the same underlying EVM to enable Smart Contracts; any contract deployed on ETH will also be deployable on ETC.|
|No Premine||🥳||🥳||About 70m ETH (now well over half) was pre-allocated to investors and developers. ETC and BTC distributions were not pre-mined.|
|No Foundation||🥳||🥳||BTC and ETC have no central leadership or foundation to direct development, making them more decentralized and resilient.|
|No Irregular State||🥳||🥳||ETC exists in response to ETH's TheDAO bailout hardfork. This "irregular state change" is a permenant reminder that your ETH can be confiscated.|
|Layer 1 Scalabiltiy||🤷🏻♀️||ETH's attempt to scale Layer 1 necessarily creates state bloat, security and availability tradeoffs for only a meager increase in throughput.|
|Layer 2 Scalabiltiy||🥳||🥳||🥳||It is possible to scale to a greater extent without sacrificing security by using Layer 2 solutions such as Lighting, State Channels, Optimistic Rollup, etc.|