Thread by @Crypt0cloud, $ETC thread.So what is going on with $ETC and why is it [...]

$ETC thread.

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

Let& #39;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& #39;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& #39;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">https://medium.com/ethereum-...

Binance AMA Series: James Wo, Founder of Ethereum Classic Labs

On November 4, 2020, James Wo, the founder of Ethereum Classic Labs was a guest on Binance Overseas AMA Series. He talked about the value…

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">https://medium.com/ethereum-...

Ethereum Classic Labs Joins Forces with Storj Labs

Increasing ETC Node Performance Using Core-geth

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

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">

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 https://abs.twimg.com/emoji/v2/... draggable=

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">" title="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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Pfeil nach unten" aria-label="Emoji: Pfeil nach unten">" class="img-responsive" style="max-width:100%;"/>

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