There is still hope for Ethereum Classic (ETC)

Introduction

Ethereum Classic is a decentralized blockchain stage that allows anyone to build and use decentralized applications that run on blockchain technology. Like Bitcoin, no one is in charge or owns Ethereum Classic – it is an open-source project built by people around the world. Ethereum Classic was designed to be adaptable and flexible, to make it easy to create new applications on the Ethereum Classic stage

Analysis in terms of volume of trades

The trading volume of Ethereum Classic (ETC) is 1,313,089,147USD on May 19, 2020, and 512,432,929USD on June 18, 2020. The difference in monthly trading volume within this duration is 800,656,218USD. The decrease in trading volume% is 60.975008USD. The trading volume of Ethereum Classic (ETC) is 733,932,453USD on June 12, 2020, and 512,432,929USD on June 18, 2020, .The difference in weekly trading volume within this duration is 221,499,524USD. The decrease in trading volume% is 30.179824USD.

Analysis in term of price

The trading price of Ethereum Classic (ETC) opened art 6.71USD on May 19, 2020, and close art 6.23USD on June 18, 2020, the difference in monthly trading price within this duration is 0.48USD, the decrease in trading price% is 7.153502USD. The trading price of Ethereum Classic (ETC) opened art 6.28USD on June 12, 2020, and closed art 6.23USD on June 18, 2020. The difference in weekly trading price within this duration is 0.05USD the decrease in trading price% is 0.796178USD.

Partnerships

Ethereum Classic Labs Commits $1 Million in relationship With UNICEF Innovation Fund to Promote Blockchain-Based Social Impact Solutions

Organization Will Provide Funding, Mentorship, and Technical Resources for Projects in Emerging Markets

Ethereum Classic Labs, the center turn of events and quickening agent association for the Ethereum Classic blockchain, today reported a $1 million responsibility that will dispatch a key partnership with the UNICEF Innovation Fund. Blockchain’s new companies that are dealing with social effect extends in developing markets with the help of the UNICEF Innovation Fund will be chosen to get follow-on improvement subsidizing from ETC Labs. Undertaking groups will likewise get ETC Labs training and mentorship that will assist with growing the accessibility and utilization of effective blockchain applications that explain social issues.

“The future of blockchain depends upon use cases that demonstrate true social and economic impact, and the collaboration with UNICEF Innovation Fund helps achieve this goal”

ETC Labs will directly invest $750k in global startups that have passed on from the UNICEF Innovation Fund. In addition to the cash investment, the cohort of blockchain organizations chose from the UNICEF Innovation Fund portfolio will get support for project creation from the acclaimed developer team at ETC Labs Accelerate. The ETC Labs program gives developer training and tutoring to manufacture items and services for a variety of use cases on Ethereum Classic, one of the world’s significant open blockchains. 

As part of the partnership, ETC Labs will contribute an extra $250k to the UNICEF Innovation Fund. The ETC Labs venture will help the UNICEF Innovation Fund to advance the production of digital public goods and the adoption, use, and development of blockchain solutions across the blockchain biological system. Blockchain innovation gives us chances to return to existing issues- like the transparency and speed of moving value in large systems – and look at them in new manners. While there is a great deal of hype around the idea of secure, disseminated databases, there are also many opportunities for new organizational efficiencies,” says Chris Fabian, co-lead of UNICEF Ventures. “UNICEF has looked at making our contracting with partners more efficient, using blockchain technology in Kazakhstan, and of course is now moving value from donors to companies that we fund in a matter of seconds on these public, transparent ledgers.

Ethereum Classic partners up with Chainlink

The partnership will coordinate decentralized oracles into the Ethereum Classic network.

Oracles are valuable with regards to coordinating blockchain with customary installment frameworks. 

Ethereum Classic Labs has announced its partnership with Chainlink (LINK) to bring decentralized oracles and outside information to the Ethereum Classic blockchain. As indicated by the declaration, Ethereum Classic (ETC) and Ethereum can’t locally communicate with information that exists outside of their blockchain. However, platforms like Chainlink permit blockchains to access external data securely. Additionally, the service acts as a decentralized oracle by depending on autonomous information suppliers and node operators. 

As a result of the collaboration, the data provided by Chainlink will be accurate, reliable, and free from possible interference. This is beneficial for developers on Ethereum Classic and other blockchains. Chainlink said.

‘’This extended functionality to off-chain environments substantially scales the number of use cases smart contract developers can create using Ethereum Classic and ultimately makes it easier and more seamless for developers to build on Ethereum Classic.’’

Ethereum Classic Partners With Blockchain Developer and Media DApp

Ethereum Classic Labs has reported new partnerships with social media dApp iZbreaker and blockchain infrastructure developer, Second State.

Ethereum Classic Labs, a core Ethereum Classic improvement and accelerator organization, announced partnerships with social media dApp iZbreaker and blockchain infrastructure developer Second State.

The second State will build the next generation Ethereum infrastructure

On Sept. 1, the developer and maintainer of the Ethereum Classic blockchain said that they had partnered with blockchain infrastructure developer, Second State.

According to the report, the partnership “will bring high-impact improvement into the ETC ecosystem” is intended to produce an open-source toolchain and runtime software that powers the next generation of Ethereum-compatible blockchains.

Michael Yuan, CEO of Second State, said that they:

“Are proud to be part of the development effort to make Ethereum Classic the most technically advanced and developer-friendly blockchain in the world.”

Association with social media dApp iZbreaker

On Aug. 28, Ethereum Classic Labs also reported a partnership with social media dApp iZbreaker, an invite-only, protect community for connecting people with a three-degree network of friends-of-friends. Its website said:

“Get ready for a new way of getting in touch with others in a world full of information overflow, commercial bias, and untrustworthy online spaces.”

The announcement went on to explain that Ethereum Classic Labs will provide development resources to build the social media dApp and use its technical and marketing expertise to create and launch a new decentralized application.

Conclusion

The goal of Ethereum classic is to make the creation of new Apps easy in its platform and with the aforementioned partnerships, they will be able to achieve that, when that happens Ethereum classic (ETC) will experience all-round increase. 

All opinions expressed in the above article are solely of the author’s and do not reflect the opinion of the Global Crypto Alliance Ltd., any of its affiliations or any other company. This article is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. The Global Crypto Alliance Ltd. strongly recommends that readers conduct their own research and due diligence into the company, product or service, if any, that may be mentioned in the above content.