Ethereum Classic (ETC) gives you that old-school feeling of Ethereum (ETH) – from way back in the day before the former was hard forked to produce the latter. They were simpler times, when smart contracts weren’t as much of a thing, but times have changed. These days, there are a plethora of blockchain networks that essentially copy the same formula as ETH and ETC: enabling smart contracts, supporting token launches and working as a store and transfer of value.
Ethereum Classic (ETC) certainly has as much potential as Waves (WAVES) or Nano (NANO) do when it comes to being a possible threat to the market dominance of ETH. The project still has a long way to go, but there are some positive signs on the immediate horizon – making the next week look pretty good for ETC.
First, the Emerald wallet is launching (in beta form)
One of the biggest issues with this blockchain platform is that there is now wallet for the ETC community that is able to confirm transactions in a “trustless” manner – on top of the fact that there is no common framework for developers in the community to build decentralized applications (dApps). There is also a lot to be desired when it comes to user interface (UI), and there are no standard practices for 3rd party developers.
The Emerald wallet is an app whose beta version is launching on Monday, April 30th. It will solve the issues I just mentioned. It’s only the first step in the release, because this is what the Ethereum Classic (ETC) developers say they will be doing next for this product:
“In the future, the ETCDEV team is going to start splitting Emerald into several independent pieces, separating Emerald SDK and building a second Dapp, which is going to be an app for Smart Contract developers (develop/deploy/debug cycle). In addition to that, ETCDEV is going to work on a separate command-line utility to help 3rd party software to be integrated into Ethereum Classic.”
This wallet launch isn’t the only thing that might boost this coin’s price in the coming days.
There’s also this cryptic retweet from the Ethereum Classic (ETC) team
Earlier today, the official ETC twitter account retweeted something that came from another Ethereum Classic-focused account, and it teased some potential big announcements “this week.”
— Classic is Coming (@ClassicIsComing) April 28, 2018
Honestly, we don’t really like it when coin do this on Twitter – unless they really back it up with an upbeat announcement that doesn’t let their community down. A lot of times, that doesn’t happen. Sometimes they follow through on the hype, however, so it’s a mixed bag.
Maybe Ethereum Classic (ETC) will actually blow our minds with some news in the coming days, or who knows. Stay tuned.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.