$ETC thread.

So what is going on with $ETC and why is it starting to out perform $ETH / $ETC ?

Let's have a look.

So why has $ETC gone up so much recently?

Someone just purchased 2,148,589 $ETC to become the 3rd largest holder yesterday.

$ETH is not really decentralised and the devs can increase the supply at will.

$ETC will only ever have 210M available.

Once $ETH changes over to POS in a few months $ETC will be the only POW smart contract platform at the base layer.

$ETC will not scale as $ETH has though it will target a niche market of secure smart contracts.

It is also important to realise that these POS chains such as $ETH 2.0 $ADA $DOT $XTZ $ATOM are not as decentralised as POW.

What happens when a hostile government tries to intervene and there is no fixed monitary policy and it can be forced into changes by those in power.

$ETC currently can handle 680,000 transactions a day similar to Fedwire and will be secure.

$ETH will scale to Paypal or Visa but will not be anywhere near as secure.

This leads to the potential of $ETH and $ETC working together to increase both scalability and security.

$ETC will process low volume and high value transactions.

$ETH will process high volume and low value transactions.

$ETC will be layer one.

$ETH 2.0 will be layer two.

Grayscale own 12.40M $ETC and have only sold 30k in the previous 30d.

$ETC just broke ATH.

We go much much much higher.

300-1000 is my guess.

Is $ETC development active?

There are 15 teams contributing to $ETC dev

ETC Consortium
IOHK
ETC Cooperative
Ethereum Commonwealth
Grayscale
Commonwealthgg
ETC Labs
POA Network
Chippr Robotics
ETC Core
ChainSafe
Second State
Byzantine Fault
Gödel Labs
Storj Labs

Let's look at some teams.

ETC Labs provides 25 grants for projects each year to benefit $ETC and also provides grants for $ETC development.

ETC's Labs founder James Wo have a read of his Binance AMA (notice how he points at ETC - BSC integration too) https://medium.com/ethereum-classic-labs/binance-ama-series-james-wo-founder-of-ethereum-classic-labs-6515030f8a5a

@IOHK_Charles ( $ADA ) is also supporting the development with IOHK.

IOHK have 20 highly skilled devs working on $ETC who have just completed a Mantis client and wallet built in Scala  Their Sagano testnet is provides a strong level of protection against 51% attacks.

$STORJ and $ETC will scale storage solutions on the blockchain + Incentivise those storing data on the blockchain to use ETC.

Storj will help speed up synchronization times for nodes +
Increase the resiliency, integrity, and distribution of block data. https://medium.com/ethereum-classic-labs/ethereum-classic-labs-joins-forces-with-storj-labs-947726b3ecdd

Chainsafe Systems are working closely within the $ETC ecosystem on several initiatives.

This includes adding ETC support to Hyperledger Besu as well as having made a bridge with $ETC between $DOT and $ETH with WETC which is an important step for the following reasons