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FAQ
Frequently asked questions
ETC (Ethereum Classic) is valuable for several reasons, including: It is a decentralized platform for building decentralized applications (Dapps) and executing smart contracts. It has a strong community of developers and users who are committed to its success. It offers a fast, secure, and affordable way to transfer value and execute complex transactions. It has a limited supply, which is a factor that influences its value and scarcity.
PayPal as a payment platform is secure, easy to use, and fast to finalize. Its main advantages rely on security as it gives an extra level of fraud prevention. It also encrypts your bank or credit card information to keep it safe.
It can be said that Vitalik Buterin and other Ethereum founders are the main team of Ethereum Classic, but after its fork, the name of the team or a specific person was not mentioned as the operators of ETC. The ETC network operates in a decentralized manner and there is no official team to manage it. In fact, the Ethereum Classic community is responsible for its development, which operates without the need for a separate license. Each of the actors of this network can present their Ethereum Classic Development Plans (ECIP) and implement it if there is a consensus agreement. Companies and groups such as Storj Lab, Byzantine Fault, Gödel Labs, ChainSafe, ETC Core, etc. have played a role in its development since the creation of the Ethereum Classic network.
Digital currency traders do not have to pay fees for their transactions using the PayPal payment system. Also, digital currency users can convert their digital currency balance to fiat currency easily and without additional costs. Plus, no exchange fees are charged for cryptocurrency transactions on our exchange.
The value of Ethereum Classic (ETC) in the crypto market is based on its association with the original version of the second largest cryptocurrency, its ability to execute smart contracts and decentralized applications, and its availability on major crypto exchanges. Essentially, Ethereum Classic is valuable due to its popularity, reputation, and well-known history. It remains tied to the Ethereum brand which is highly esteemed and invested in by major investors in both the traditional and new financial sectors. Its popularity has made it a well-established token, hence its continued high value.
With a verified PayPal account, you can send up to $60,000 per transaction. You’ll also have no limits on how much money you can send from your account overall. There’s also a standard limit of 30 transactions per day.
