We all love an underdog and Ethereum Classic is one in the short history of Crypto currencies and blockchain. It's a project that stuck to its core values of decentralisation and immutability. The debate that engulfed the ETH community soon after the DAO fiasco saw a split in July 2016 and a new project emerging. Vitalik Buterin moved on with Ethereum and the original version got christened Ethereum Classic. Classic inherited the challenges of "difficulty bomb" from the original code base that lead to the hack attack in May 2016. The team had their task cut out and it was never going to be easy.
Buterin stuck to a rigorous PR campaign to push ETH to the centre-stage in 2017. Most developers began launching projects on the ETH blockchain while the Classic froze in the cold with little funds for further development. Despite tough days after the hard fork, ETC's team remained focused on values of immutability. In 2018, the Classic or the original project is poised to touch new heights as it over comes some of its security flaws and issues around scalability.
Charles Hoskinsons, one of the brains behind the ETC project, is confident that the project's bitter days are over and it's only being launched now. ETC is soon unveiling its Emerald project on 30th April. This will address security issues of ETC and ensure developers can economically build their projects on the blockchain.
See story:: https://steemit.com/cryptocurrency/@sidsun/major-milestone-etc-to-launch-emerald-wallet-on-30-april-watch-out-for-a-spike
ETC is easily one of the most undervalued projects out there despite being called the "original" Ethereum. Ethereum is today 30 times bigger than Ethereum Classic. For ETH, the total number of coins that will be in existence will never be known. Ethereum has kept it this way to avoid any future DAO kind of a scenario where its security is compromised. But ETC's supply is limited and will also remain so, helping the value of coin to appreciate eventually.
The ETC team recently did an airdrop of Callisto side chain which will help the project in scaling issues.
In the coming months, miners associated with the ETC will profit more as the Difficulty Bomb has been diffused permanently after some delay in testing and validating before implementation. The Difficulty Bomb was inherited by ETC from the original codebase. The blockchain, which carried the vulnerability of DAO hack, has revised the dangers and are carefully treading into a new path and investors and developers will take serious note of this.
Hey @sidsun
great post and ETC seems indeed really intersting for me too! Acutally I like the fact that the whole history of Ethereum is accessible on the ETC chain - Didn't know that Mr. Hoskinson is working on Ethereum Classic as well. Thought he switched to his own "Cardano" project ? :)
Hey bud! what was your name once again? I know you only as crypto2go :))!
Yes you are right, Charles left for Cardano. But he was one of the 8 co-founders of ETH. He still gives ETC a thumbs up and thinks it's promising. Are u investing in ETC? I think i want to try my luck on this one and bet on it a bet more. their team and community are quite passionate. Like people on Steem. Very cool and passionate. Let's see what happens in the next few weeks.
Hey Sidun! My name is Robert but Rob is totally fine 😉
I am following the news a bit but I won't invest in the ETC Coin itself. Personally it doesn't fit my needs for an investment compared to others (Bitcoin, EOS, Steem, Monero, ..). What would you say is uniquely ETC besides the history, when comparing it to other Cryptocurrencies from the TOP 50 ? :)
will be a much better platform for developers to build defetrnalosed applications. Right every other crypto is based on erc20. Hopefully etc will get a lot of work moving to it because of its costs, speed and security. They have a decent team actively pushing the name out there .. I think a secret native wallet is a good start and that will happen on 30th.
Wow thanks a lot for the information - will keep doing a bit more reseach on ETC then!
Now I am curious ..
Thanks for sharing this post
This comment has received a 0.24 % upvote from @speedvoter thanks to: @rayhankabirs.
Good report on ETC, although I am under the impression that they moved to PoS.
Thanks Man.