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Interesting Forecasts for Ethereum Classic (ETC)

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ETC
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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