FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Ethereum (ETH) vs Ethereum Classic (ETC) - Can ETH be Replaced Soon? - Global Coin Report
Connect with us

Blogs

Ethereum (ETH) vs Ethereum Classic (ETC) – Can ETH be Replaced Soon?

Published

on

Ethereum Classic
READ LATER - DOWNLOAD THIS POST AS PDF

Ethereum Classic (ETC) has been doing quite well lately and has even made headlines after Coinbase announced its plans to adopt it. This has provoked a lot of discussions regarding ETC’s position, and whether or not it might become a danger to Ethereum (ETH) itself.

Coinbase makes a move on ETC

Ethereum Classic (ETC) has received a lot of attention after Coinbase’s initial announcement that the coin will be joining its rather short list of offered cryptos. Originally, the plan was to add ETC in a few months. However, another recent announcement indicated that this might happen a lot sooner than that, due to its similarity to Ethereum (ETH).

This has caused many to believe that ETC has already been integrated and that Coinbase is simply waiting for the right time to announce its listing. When the announcement finally comes, the crypto community expects that ETC’s price will rapidly skyrocket. In fact, this might be one of the biggest reasons why ETC has received a lot more traffic recently.

ETC works to reach ETH

Ethereum and Ethereum Classic are a lot alike, with both platforms offering smart contracts, and being highly decentralized. So far, however, ETH has mostly been preferred over ETC. Still, this doesn’t mean that ETC’s team has given up. In fact, their roadmap has displayed various plans to make the coin more attractive.

The ETC developer team has already scheduled various projects that are to come to life over the course of this year. Besides the obvious plan to advance the platform and make it better for the users, it would seem that the team also wishes to close the gap between ETH and ETC. Some of the biggest goals that ETC has set for this year include finding solutions for scalability via sidechains, creating a platform for third-party developers to use and create dApps, as well as ETC’s integration with IoT.

Getting better solutions for the platform’s scalability is not an easy thing to do, but the ETC developers seem to have found the way. The solution is to add a number of sidechains to the blockchain. Even though the solution has seemingly been found, this is still a challenging task, and the team has a lot of work ahead of it.

Making ETC usable with IoT has been another one of the larger goals of the ETC developer team, although this is a short-term goal. In order to make this work, the team has already set in place various components. Those include Emerald desktop client, Emerald Wallet, as well as Sputnik VM.

How do the prices compare?

Both ETH and ETC have been through a lot, and have suffered significant losses at the beginning of the year. Since then, they had only one large increase in price, which came in mid-May 2018. However, this increase went away as quickly as it originally came, and the coins returned to their regular 2018 prices.

The lack of large changes shows stability, although it is unfortunate that it came at a lower price than many would want. Currently, Ethereum still holds the second place on CoinMarketCap, with the price of $478.14 per coin. ETC, on the other hand, is ranked 15, and its current price is $17.58 per token.

However, the possibility of ETC reaching Coinbase’s list might change things significantly for this coin, especially when we consider its recent performance and an increase in traffic. If the pre-listing rush continues, ETC could easily go over $20, and some believe that this might be only a beginning.

Another reason why ETC might rise soon is the market recovery after the Bancor hack, which has caused a drop in prices of many cryptocurrencies. If Bitcoin picks up the pace and returns the market to its bullish behavior, a lot of cryptos, including ETC, might largely benefit from that.

Other ETC listings

We should also not forget that ETC has been listed on other exchanges, even though their announcement were quickly forgotten after the one made by Coinbase. The other two, which listed ETC almost a month ago, includes CoinBene, as well as Novaexchange.

And finally, there is RADEX. RADEX is a first decentralized exchange that was created solely for EETC. It was created in its entirety by Saturn Network, and it features tools for handling and interacting with smart contracts, n addition to handling transactions.

So, obviously, ETC has been doing very well in the last few months. The question on everyone’s mind now is whether it will be enough, and if so, what can be expected in terms of its price? There are definitely some very positive developments for this coin, but the gap between ETH and ETC is still pretty big, and ETC has a lot more work to do to close it. However, it would seem that the coin is on the right path, judging by the recent developments.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Ethereum Classic via Flickr

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite