ETC Ethereum Classic Updates




Many have heard of it, many use it and probably everyone will use it.
ETC is born almost on the sly, with an excellent technical backgroud and a solid and performing structure; yet he has always remained in the shadow of his cousin ETH. Featuring a flexible and intuitive smart contract programming platform that is powered by ETC, Ethereum Classic may one day be the substrate for a global, secure, and decentralized Internet of Things (IoT). 

ETC - Ethereum Classic

Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Ethereum Classic is a secure, censorproof, reliable, public, trustless and decentralized platform for running applications.


But how is Ethereum Classic related to Ethereum?


To understand the relationship it is important to know the history.
It is especially important to be familiar with the DAO attack and how the Ethereum Foundation responded to it.
Also, it is important to be familiar with the strong objections described in the Ethereum Classic Declaration Of Independence.

Today, not only has ETC demonstrated a valid and serious technical stability, due to a fervent community, but has also demonstrated unequivocally excellent stability in the market. In addition, in the last hours there have been very interesting news: Ethereum Classic development team recently announced the Callisto Network Project which will result in a 1:1 CLO airdrop for ETC holders.

Callisto is actually going to be a new blockchain (with CLO as its native currency), developed in order to test experimental protocols, possible scaling solutions and set up a governance system which incentivizes both miners and coin holders. This implementation will soon be a reality, March 2018 and look what the Ignis airdrop did to NXT, it was pumped like a rocket!

ETC Chart

Economic Incentives
Ethereum Classic possesses a borderless digital token with store-of-value properties that can incentivize participation to organically grow the IoT.
This virtuous cycle can function as follows:  

1) Speculative  demand  by  investors  over  the  economic  potential  that  Ethereum  Classic  possesses  can drive appreciation of ETC.  

2) Miners validate transactions and support the speed and security of the network, in order to earn freshly minted ETC.

3) As the network becomes more secure, developers can build real-world applications on Ethereum Classic,  attracted  by  a  novel  internet  infrastructure that  offers  access  to  untapped  revenue  streams. 

In conclusion, as explained, ETC will play a leading role in the immediate future, which makes it one of the most interesting news and investment opportunities of this 2018. More informations and news about Ehereum Classic available on the Official Social channels and GitHub.