Ethereum Classic (ETC) adds tools for the distributed app ecosystem


The Ethereum Classic network is lagging behind ICOs, but hopes to attract developers with the potential for distributed apps.


The network Ethereum Classic (ETC) is once again following the path of Ethereum finally launching its version of the tools necessary for the creation of distributed apps (dApps). Project developers have finally launched the Emerald Software Development Kit:

The Ethereum Classic kit is directly available from the development team, with starter Instructions. However, there are warnings that ETC is a resource and a network used primarily for speculation. The Ethereum Classic network carries around 50,000 transactions in 24 hours, based on data from Blocktivity . This is about 10 times less than Ethereum and the activities of the distributed apps will be affected. In the case of Ethereum, dApps users are still limited to a few hundred in 24 hours, even for the most popular apps.

The Ethereum Classic network will maintain its mining component, while Ethereum still aims to phase out mining operations in the coming years. Recently, we talked about the network that was extracted from the ASICs, increasing security and resistance to attacks:

The Ethereum Classic The hashrate remained relatively flat at around 16 TH / s, more than ten times lower than the Ethereum ashrate. The lack of rapid growth shows that, despite the presence of ASIC Ethash machines, the Ethereum Classic network is not so attractive.

After news and updates materialized during the Ethereum Classic summit on September 12th and 13th, the market price for ETC remains has hovered near its levels below $ 12.

ETC prices they dropped to $ 11.12 starting at 7:30 UTC on Monday. On September 12th, the price reached a minimum of $ 10.28. OKEx currently carries the most active ETC / USDT pair, but a new stock exchange, EXX, has been excluded from volume statistics. EXX reports over $ 83 million in equivalent in 24-hour ETC volumes, while overall volumes are around $ 145 million. CoinMarketCap, however, excludes the exchange due to doubts about falsified volumes.

Neither the author nor the publisher assume any responsibility for any investments, profits or losses resulting from such information. Trading and investments in cryptocurrency are risky propositions and market participants are advised to always conduct in-depth research.

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