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Interesting Forecasts for Ethereum Classic (ETC)

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ETC

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.

  • ClassicGeth

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

The Toolkit is slated to build software applications that would run on EthereumClassic. These applications contain libraries for Javascript and Rust, UI components, Build tools, Icons. These can be achieved by targeting platforms like Desktop, Web, Shell Scripting and Mobile.

  • 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.

  • Sidechains

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.

Conclusion

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.

We will be updating our subscribers as soon as we know more. For the latest on ETC, sign up below!

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

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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