ETC Labs Launches EtherNodes Driving Up the Numbers for Ethereum Classic (ETC)
While the start of the year was considerably uneventful for Ethereum Classic (ETC), the token which was hard forked from ETH, it seems that the situation has slowly started to change right now.
A new important upgrade on the network was made now that EtherNodes has been launched by ETC Labs. ETC is showing very healthy numbers at the moment and its market cap, active addresses and transaction rates are all up. Market cap is now $657 million USD, trading volume is around $390 million and there were 41 thousand transactions in the last 24 hours, quite a high number.
The fans rejoiced on discovering this news as it means that the network is slowly but steadily being able to make the community stronger and to grow it in size and quality;
Another point that should be taken into account when analyzing the growth is the influence of the launch of EtherNode, which is being used to make trust minimization a reality in the network and has been an important product for ETC.
According to ETC Labs, they are creating software and infrastructure that can transform how people connect using Ethereum. EtherNode is considered to be robust hardware that will be used in order to secure nodes at the same time that it can be used for other purposes like being a secure smart home network.
When creating the software, the goal of ETC Labs was to create an easy plug and play software that would make the ETC network more independent because it would not need 3rd party nodes.
The creation of this dapp, as well as others, together with the work of the loyal ETC community, is generally considered the main reason for the success that ETC is having right now. Can ETC reach new highs this year? We’ll have to wait and see.