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Ethereum Classic (ETC) was released in July 2016 (about two years ago) as an extension of the original Ethereum blockchain. Curated by Ethereum's blockchain, Ethereum Classic has evolved rapidly and won many awards. Ethereum Classic may not appreciate the growth and mainstream adoption that parallels just like Ethereum, but that it maintains very well.
Ethereum Classic Market Performance and Price
The last two months have been very stormy for the digital currency market. Over 90 percent of the entire coins on the market show red figures in the last thirty days and Ethereum Classic is not exempted.
The digital currency started this week on a strong note, gains of over 12 percent started the week with everyone being lost. The value of ETC decreased by 0.32% and its current trading value is $ 15.39. The trading volume of the twenty-four hours of the currency is $ 114.7 million. The digital currency is classified 18th with a market capitalization of $ 1.572 billion.
CoinPayments now supports ETC
The 5th In June, CoinPayments – a multi-currency portfolio – announced Ethereum Classic payment processing support. This means that merchants can now make and receive payments with ETC. Ethereum Classic has started trading on the platform that accepts more than 450 different digital currencies just twenty-four hours ago.
Parity Wallet Update
Digital currency enthusiasts and users will be experts in the Parity portfolio of ETC, a complete portfolio of nodes and one of the safest and fastest ways to interact with the Ethereum blockchain. The ETC technical team encountered a serious bug in one of the versions and advised all users of Parity wallets to update the software.
Future of ETC
Ethereum Classic also meets the same scalability problems as Ethereum. ETC may not have many problems yet, but the development team is already working on a solution when it becomes mainstream. ETC is working to implement the sidechains on its platform, and this will be ready by the third quarter of this year.
