Ethereum Classic (ETC) has been on the list of top 10 most traded coins of the previous few weeks. This came in the wake of the decline in prices, which impacted most cryptocurrencies in the market. There are constant technological and innovation-oriented evolutions taking place in the crypto market.
EthereumClassic has successfully managed to place itself as one of the primary testimonies of the technological progress in 2018. The team behind ETC has managed to adjust their visions and goals in accordance with the evolving interests of the growing crypto-community. Richard Schumann, the latest addition to the team, has taken the charge of enhancing the graphics, in order to make sure that several owners and users of the coin are not inconvenienced during dealing with the various ETC ventures.
Recent technological developments
- Ethereum Classic has built two hardware wallets including Trezor hardware wallet and the Ledger hardware wallet. These are created to store Classic Ether safely.
- The currency boasts of having 15 mining pools on Github page. Exchanges like Bittrex and Bitfinex has it listed.
- On 1st March 2018, the Ethereum team designed a fixed cap monetary policy.
- EthereumClassic investment funds were launched to enable the tracking of market caps for traders and cut down trading fees for them.
The Upcoming Ventures of EthereumClassic:
The team behind EthereumClassic has their focus set on several projects in 2018. They plan to create an emerald portable wallet and enhance the scalability of sidechains. Another project is to elevate the interoperability, which is basically the compatibility between several cryptocurrencies. These developers plan to throw light on the resemblances between Ethereum Classic and other cryptocurrencies.The team also plans to upgrade its tradable token.
Since the fork, ETCDEV has been nurturing and enhancing Geth and are going to persist in this work with a commitment towards architecture modularization, performance enhancement, thus making it congenial for usage across business communities. Even though ClassicGeth is a fork of ETHGeth, it has been developed as separate software since October 2016. Up to 50 % of the current software code has been replaced or rewritten.
- Emerald Platform
- Areas of investment
In 2018, the work of the Ethereum Classic Cooperative (ECC)will make the entire platform of the Ethereum Classic go through a drastic transformation. The ECC has set the agenda of upgrading the ETC protocol in a way that the platform emerges as the best for the purpose of sharing value and information. ETC has the potential to be a leading market player in the domain of virtual economy. This explains the platform’s instinctive and flexible Smart Contracts going to be the standard for everything related to the Internet of Things.
The ETC foundation works with the belief that a proper development of the ETC and its platform is rooted in the following three areas – Ethereum Classic marketing, protocol enhancement, and community programs. The goal of the ECC is to expedite development by supervising every facet of the blockchain. Hence ECC has set up regulations to arrange for ETC capital across all these areas.
The ETCDEV has set the agenda for working on a new project in 2018. It involves the deployment of sidechain as a native component of ETC protocols and infrastructure to offer scalability and bring ETC to IOT. The developers of Ethereum Classic are focused on ensuring that the sidechains are highly flexible.The positive news is that the sidechains of the ETC will enable transactions at a nonexistent fee. The flexibility will be such that the sidechains can be either public or private. Devices running on low power can also make use of the sidechains.
- Sputnik VM
The ETCDEV team has developed the next generation of EVM.It is a distinctly embeddable EVM, which is well-synced with many kinds of Ethereum blockchains and with Internet Of Things(IoT).ETCDEV plans to work on further upgradations like parallel execution, Just-In-Time assemblage for EVM bytecode, optimization for various types of hardware architectures.
There was recent confirmation from the team that the emerald wallet development is a work in progress. The current testing proves that the wallet can harmonize to the ETC network in a time span of a minute. While price fluctuations are a matter of serious concern, Pyskell who is one of the leading ETC coders is dedicated to unraveling the effects of these turbulences, so that the value of the currency can witness an upsurge but in a stable manner. All these aforementioned developments are bound to strengthen Ethereum Classic. The team at Ethereum Classic has a clear idea for consolidating the future of the coin.
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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.
Image courtesy of Grant Grieve via Flickr
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