Donald McIntyre, the Creator of Etherplan, blog which explains the principles of the blockchain, Saidjanov and decentralized application (DApp), recently spoke about the fact that Ethereum Classic (ETC) has an "absolutely unique market positioning in an extremely valuable niche market". McIntyre explained (on a chart attached to the tweet) that the Ethereum Classic platform is The only major cryptocurrency network complete in Turing and running entirely on the Proof-of-Work (PoW) algorithm. Former first senior Vice President of Morgan Stanley, one of the largest U.S. banks, noted that the unique properties and characteristics of Ethereum Classic make It "ideal for decentralized computing."
Proof-of-Work forever
Given the transition of Ethereum (ETH) from PoW to Proof-of-Stake (PoS), McIntyre noted that Ethereum Classic "will always use the PoW algorithm" and "has a fixed amount of emission" – i.e. the total number of tokens ETC to be issued is limited.
McIntyre also claims that Ethereum Classic has "the same philosophy about network security as Bitcoin," whereas his "management model is a new open development." In response to the words of McIntyre, also a former Vice-President of UBS Securities investment Bank, Twitter user @theonevortex wrote that Ethereum Classic has too "niche" orientation, and that cryptocurrency projects should continuously and consistently develop.
McIntyre recognizes that the development of cryptographic platforms should be carried out by qualified developers, and noted the high activity of the community ETC. He reported that ETCDEV's team of programmers, continuously working on the development of Ethereum Classic, has grown from 4 people to 11.
MacIntyre also noted that in total over the improvement and upgrading of Ethereum Classic actively working 38 developers. Cryptologic also mentioned that IOHK, large technology company engaged in the development of peer-to-peer (P2P) financial services, also actively participates in the ongoing development of Ethereum Classic.
The best road map among all platforms of smart contracts
Other teams or organizations involved in the work and improvement of ETC can be called ETC Labs, ETC Cooperative and Grayscale. McIntyre says, " ETC is very actively developing, and its roadmap is much more compelling than any other smart contract platform."
- Donald McIntyre he noted that there are many tools with which programmers can improve the code base of Ethereum Classic. For example, a development kit (SDK) called Emerald allows application developers to create DApps that can be deployed on the Ethereum Classic blockchain.
MacIntyre also mentioned that the developers ETC are working on improving the scalability of the network. Orbita is a sidechained Protocol with the potential to resolve the scalability problem Ethereum Classic the decisions of the second level, without interfering with or interrupting the main blockchain.
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