Ranked as 16th currency on the global coin ranking list, Ethereum Classic (ETC) has started off this Monday by trading in the green as all currencies are trying their best to recover from the most recent market dip that went on for weeks while sinking the majority of coins and causing disruption in the price.
Although ETC got back to trading in the red only a day after the initial rise, we are more interested in analyzing the plans ETC has for the rest of 2018 as their team has gone through some significant changes. What ETC has installed for the rest of the current year and how will the new team members affect the progress of Ethereum Classic as the year is slowly unraveling?
The Ethereum Classic Team
The original team behind ETC has gone through some substantial changes, so now we have two additional members joining the team with the idea to improve the way Ethereum Classic is operating.
Since it is a well-known fact that the world of blockchain technology and cryptocurrencies is more than fast-developing with constant progress and launching of innovations, the team behind Ethereum Classic is looking into their plans for the upcoming months of 2018.
The team has seen some changes in form of additions of new team members to the already existing ETC team. One of the new members, Richard Schumann, will be working on graphics. His job would be to change and improve already existing graphics so the end users would be able to get the most out of what Ethereum Classic has to offer. With new graphics, there would be a new interface and that means that Ethereum Classic will be more oriented towards providing a user-friendly experience for all end users.
That way, with improved graphics, all users will have much easier time engaging with Ethereum Classic and making actions within this blockchain network.
The second team member, Mario Michel, has another important task: and that is to manage all social aspects of Ethereum Classic by managing communities. All currencies place a lot of importance into communities as these communities are exactly what drives their system. In order to make sure that all ETC communities are running smoothly, being engaged in everything revolving around ETC and following changes, Mario Michel will be dealing with these communities. A special accent will be placed on a newly developed ETC community called ETC Italia Telegram.
Ethereum Classic: The Main Objective
It is said that the developers supporting Ethereum Classic are set to improve the overall experience all users are having with their favorite platform and digital currency. To assure the smooth running of the network and all enabled features and operations, the dev team is set to primarily assure the maximal functionality and foremost flexibility of side chains existing within the ETC ecosystem.
Flexibility is very important in the world of blockchain technology as that means that mistakes and errors could be easily corrected and improved in case chains possess flexibility. The flexible ecosystem also enables easy functioning and better performance.
The team is also planning on launching the Emerald wallet, that should be portable for easy and simple storing and using of digital currency, while there is also a plan to establish more stable fluctuation of ETC currency. It is planned to make ETC operating and existing on the crypto market with more velocity and increased stability.
In case the team manages to succeed in their mission, ETC will have more chances to get a stable price with trading more often in the green than in the red as it is the case at the current moment.
Further through the process of applying changes and modifying Ethereum Classic while keeping its original purpose the team is planning on establishing Ethereum Classic platform in a way that it could approach Ethereum and collect some of the glory ETH has, as well as potentially getting near the price Ethereum has.
The plan would be to include smart contracts so that users can operate with different values and get a support for interaction with the Internet of Things.
That means that the team is proactively working on three important aspects that could help ETC get near applying the improvements that would enable the progress of ETC platform and their currency.
Ethereum Classic: Projects and Improvements
Ethereum Classic team is working on several projects at the moment, progressively working on improving user experience in all aspects of their platform. The team is also working on Geth.
Just like Ethereum Classic represents Ethereum’s fork, Geth is Ethereum’s Classic fork. Geth existed on Ethereum Classic blockchain system, but as of October of 2016, this fork started to operate separately.
The team is still working on Geth as it now exists separately, also being developed unrelated to Ethereum Classic. Already a half of Geth’s original code has been modified and rewritten and the ETC team will continue to work on it with the vision to change its structure. This would enable easy functioning and simple operating with Geth, which would later on, on the long tracks, prepare Geth for business operations thanks to the all planned improvements that should take place pretty soon.
Maybe the most important project ETC team is working on is implementing side chains in the original structure and architecture of Ethereum Classic, Side chains would enable fast and simple operating with UI components as this improvement would enable the creation of decentralized applications on Ethereum Classic platform.
Another project ETC team is working on, is called Emerald Platform and it should contain different tools and features that will most certainly make creating of Dapps simple and easy will all the tools needed available on the fly through this ecosystem.
How is Ethereum Classic doing at the Current Moment?
Although ETC went on with velocity on Monday, four days ago, rising out of the market crisis, Ethereum Classic is once again being traded in the red.
After the most recent change in the price that occurred in the last 24 hours, ETC is down by -6.58% against the dollar while the currency is dealing -1.90% against BTC.
Although you were able to sell or buy your ETC at 21$ a couple of days ago, the latest price of Ethereum Classic is 18.56$, which is the case after the most recent negative change in the market.
Although ETC is trading in the red at the current moment, all announced improvements, modifications, and changes could possible sky-rocket this currency and bring authority to their platform in the world of crypto values and blockchain technology.
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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.
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