One of the ETC believers stated that the secret to the success of BTC and ETC as being their prolific resource consumption and poor computational scalability, which buys something more valuable, which is social scalability.
Social Scalability is the process by which several people repeatedly participate featuring customs, rules and other features, in a way either making people feel compelled to follow a particular course of action or motivate participant behaviors in order to overcome the shortcomings of the human mind and repeatedly using a particular products.
Ethereum Classic tweeted: “The firms will be closely working with the ETC ecosystems to curate a variety of efficient products for the users. ETC Labs Launches Cohort III to Support Blockchain-Powered Impact Startups.”
Cohort III is the highly anticipated project from the Ethereum Classic Labs Accelerator. This project particularly focuses on promoting the use of blockchain for the impact of startups, which focus on social and economic concerns in the global system.
Of note, Cohort III is the succeeding partner of Cohort I and Cohort II. The prior versions have been successful. In order to work closely with the ETC community to curate a range of efficient products for the users, blockchain firms by the name Pngme, Prescrypto, and OpenRelay have been on-boarded.
Sydney Ifergan, the crypto expert tweeted: “Ethereum Classic (ETC) and Ethereum split 4 years ago and recently they seemed to have made up – overall it is development and progression in the ecosystem.”
It is true that blockchains do not guarantee truth, but they do the job of “preserving the truth and the lies” from further alteration.
Ethereum Classic (ETC) Origins and Future Development Roadmap
According to etcismoney, they claim that there are different types of money. Each of these having its own level in usefulness. Further stating that the usefulness of money can be measured using 7 major traits like fungible, durable, divisible, portable, acceptable, uncounterfitable, and limited in supply.
Of note, ETC is the only major smart contract platform, which has a known future supply. For those who are not sure of the ETC Emission Schedule, every Era of the 5,000,000 blocks mining rewards is reduced by 20%. Nearly, 61% of ETC which will ever exist is already mined. And more than 99% will be mined by around 2065.
Those who are looking to get involved in Ethereum Classic would do well getting to know the origins, history, and future development roadmap.
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