Home / Ethereum / The Ethereum Classic (ETC) and Ethereum (ETH) cooperation will catalyze the growth of both projects – Crypto Recorder

The Ethereum Classic (ETC) and Ethereum (ETH) cooperation will catalyze the growth of both projects – Crypto Recorder



Coin tribalism is very common in the crypto community. Several communities are constantly fighting each other over the superiority of one currency over another. However, the truth is that DLTs are still in the beginning and competition is unproductive. Cooperation is the best way to grow this space and get broad market adoption. As Jed said, recently,

"We do not think the world will end up with just one blockchain or a distributed ledger, and interoperability between them will become increasingly important."

In essence, the fact that Ethereum (ETH) and Ethereum Classic (ETC) are finally working together is a positive thing for the growth of both projects. Yesterday, Virgil Griffith of the Ethereum foundation wrote a piece in which he explained the warming of relations between the two chains. This was symbolized by a donation of $ 150,000 ETC to the Ethereum Classic cooperative by the Ethereum Foundation. According to Virgil, Ethereum will draw a series of benefits from this cooperation. One of these is access to quality engineering from the ETC chain. Here's what he said about access to quality engineering from ETC.

"The ETC community has some quality talents, for example: SputnikVM is sometimes faster than our core / VM implementation and we will be pleased to see SputnikVM use the EVMC API to be usable in our geth client. nice to imagine that some developers want to use it for ETH everybody. "

Ethereum Classic (ETC) will also benefit immensely from this partnership. For example, from the donation received from the Ethereum Classic cooperative, it could use it to encourage the development of the Ethereum Classic (ETC) network. The Ethereum Classic community held meetings to help promote developments on this network. This donation can help to increase the development of Dapps on ETC. Since Dapps is part of the fundamental value of ETC, this is a welcome addition to the growth of this blockchain.

Ethereum Classic (ETC) also benefits from the projects brought by Ethereum. Since the two projects are very close to each other, it means that developers can easily transfer their projects from one blockchain to another. This could attract more Dapp into ETC and play a role in advancing its future.

Furthermore, ETC will benefit from the broadest recognition in the Ethereum market (ETH), as it has a much larger network. This could play a role in bringing the value of this crypt back to the future, as investors are more interested in the two projects. It is clearly a win-win situation for both chains on the market.

In this way, participation in Ethereum Classic (ETC) in 2019 could bear fruit. This statement is supported by the fact that the ETC community has become increasingly assertive in promoting ETC on the market, and with more ETC listing exchanges, it is only a matter of time before it becomes bullish.


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