Ethereum Classic (ETC) Adds Tools for Distributed Apps Ecosystem

The Ethereum Classic network lags in ICOs, but hopes to attract developers with the potential for distributed apps.

The Ethereum Classic (ETC) network is once again following the path of Ethereum by finally launching its version of the tools needed for creating distributed apps (dApps). The project developers finally launched the Emerald Software Development Kit:

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

The Ethereum Classic network will keep its mining component, while Ethereum still aims to phase out mining in the coming years. Recently, there has been talk of the network being mined by ASICs, increasing its security and resistance to attacks:

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

After the news and updates materialized during the Ethereum Classic summit on September 12 and 13, the market price for ETC still hovered near its lower levels under $12.

ETC prices fell to $11.12 as of 7:30 UTC on Monday. On September 12, the price reached a low of $10.28. OKEx currently carries the most active ETC/USDT pair, but a new exchange, EXX, has been excluded from volume statistics. EXX reports more than $83 million equivalent in ETC volumes in 24 hours, while general volumes are around $145 million. CoinMarketCap, however, excludes the exchange due to doubts about faked volumes.

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