Ethereum Classic [ETC] today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China. Through the signing of the Memorandum of Understanding between the Ethereum Classic Cooperative [ECC] and Zeniex, they aim to intensify the ETC environment in cooperation with Ethereum Classic Asia Community.
ETC will levy no commission fee at Zeniex until September 30th, 2018. ETC had seen a growth in its $4,509 million market cap on the January 14th, 2018. However, it later had a downfall. Currently, Ethereum Classic’s market cap stands at $1,528 million with the price of $14.98 and has seen a fall of 2.44% in the past 24 hours.
The ETC project counts the building of a larger team as one of the milestones achieved in 2017:
“The main accomplishment was that the team was established, that was a very challenging task, with very limited funding, under constant pressure from all sides and toxic environment, but by end of the year we grew up to 8 full time members in the ETCDEV team. The team got established development processes, working full time on core ETC projects, and will continue to grow.”
Milestones of Ethereum classic:
- On October 25th, 2016, after being renamed as Ethereum classic, they repriced some operations to prevent Dos attacks [denial-of-service attack].
- On January 14th, 2017, they delayed the ‘difficulty bomb’ which was originally intended to force the network to move from pow [proof-of-work] to pos [proof-of-stake] and added replay protection to prevent transactions on the Ethereum network being accepted on the Ethereum Classic chain.
ETC aims to work on the following in 2018:
- Emerald Wallet for Mobile
- Release Dapp SDK [Emerald Project]
- Enable new opcodes from ETH [compatibility]
- IPFS integration
- SputnikVM optimizations and JIT Compilation
- New improved statedb layer
Looking at its future ETC said:
“At the core of our sidechains is SputnikVM which can run smart contracts anywhere… You can do this today. Not at some nebulous time in the future”.
Subscribe to AMBCrypto’s Newsletter
Bitcoin Cash [BCH] developers close to adding privacy to BCH transactions
Bitcoin [BTC] and other cryptocurrencies discussed by Nouriel Roubini; says I have no position on BTC
Bitcoin [BTC] is nearly ‘mature’ enough to take on Forex markets, finds Poland-based research
Bitcoin Cash [BCH] and Cardano [ADA] prices hike but remain the biggest losers of the week
Cardano [ADA] Founder reveals future plans for the Cardano project
Ripple partner Santander to adopt SWIFT GPI: What does it mean for XRP-powered xRapid?
Ethereum [ETH]’s Co-Founder Vitalik Buterin: Massive amount has changed in the community over the past 15 months
Tron [TRX] and Binance sailing together; NASDAQ mention indicates adoption
Ripple partner Santander goes live with SWIFT’s Global Payments Innovation
Bitfinex pauses USD deposits after Bitcoin [BTC] drops: $2.3 billion at stake as insolvency rumors threaten USDT legitimacy
Tron [TRX/USD] Technical Analysis: The bulls have charged attack on the bear
Ripple, XRP, and the SWIFT partnership: Will it fit together as a possibility, or is it “idle speculation”?
Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going bust”, says Roubini
Bitcoin [BTC] developer says “EOS is a scam” and the platform would not benefit new developers