Ethereum Classic remains underpriced compared to the leading ETH asset, which has flown over $ 1,000. But ETC can still mean in 2018, both as a platform and a source of mining revenue.
Right now, ETC does not look good: its price has not been restored to Bitcoin, despite the nominal gains in dollar value. However, there may be hidden upward potential in this currency and prospects for long-term growth.
Why Ethereum Classic Matters in 2018
The ETC project has diffused the "difficulty time bomb" that it inherited from the Ethereum codebase. The blockchain, which contains the unaltered history of losses from the DAO hack, is taking on a different path, with an alternative policy of new coin creation.
For 2018, the Ethereum Classic project has the main objective of scaling through side chains. Even at the moment, ETC is not as loaded by transactions as the Ethereum network. However, building a scaling solution in advance may be a benefit to the project.
The other major area of development is an attempt to connect Ethereum Classic to the Internet of Things. The capability of working through many transactions would expand the usage of some cryptocurrencies beyond financial transactions.
For now, the Internet of Things is only a concept, but at least it may lead to scalability and solutions for faster transactions.
Read more: cryptovest.com
