Ethereum Classic (ETC) and Internet of Things (IoT): How Will It Perform?
One of the biggest misconceptions made by common investors is that the token is the most valued part of a platform. The token is only a small portion of any cryptocurrency, the real value lies in the underlying technology supporting the token.
Blockchain technology, security technology and so forth are the most value part of any currency. Baseline technology behind the system is why Ethereum Classic is likely to take over the IoT and create what some cryptocurrency users are calling the fourth industrial revolution in history.
Ethereum Classic isn’t really designed for short-term gains. People looking for the sprint to fast money would be better off investing into a different currency. But for those of us who are looking to win the marathon, ETC may just be the ideal cryptocurrency for you to invest into. The blockchain technology supporting the token is like no other, leading many to believe it is one of the most valuable technologies on the planet.
The tech used to power ETC is ridiculously simple, allowing for mainstream adoption by the community. Forked off the original Ethereum Network, ETC is unparalleled in its ability to grow. It’s a decentralized network which in time will grow to an unprecedented level, according to many crypto-analysts. Immutability is the name of the game for Ethereum Classic which operates on a system which is nearly impossible to commit fraud on or hack, making it one of the most trusted systems available.
New partnerships with the network are continually made to help bring the platform to market. Aspects of improved functionality have been accomplished by third parties who have improved security and functionality on ETC.
Zeniex is one such company to step into the spotlight as a substantially important developer who is bringing a lot of good to the table. Their security protocols are allowing the network to be fully integrated into several of the largest Southeast Asian Exchanges, which is an important move for Ethereum Classic.
Stability has also made the platform desirable for processing payments, as has its level of transparency. The system is used to provide payment services to hundreds of virtual currencies and trading exchanges, an improvement that has grown considerably over the recent months.
Considering that it’s also one of the most affordable platforms to exchange tokens on, makes ETC one of the most successful currencies in the world. It’s not just seeing success in America either, the platform is accepted on a global scale, which has been a goal of the team since the beginning.
Since the platform is compatible with the new Internet of Things (IoT), the path for growing it is wide. Talks of a possible spike on the price of ETC are being discussed as you read this by some of the most respected cryptocurrency influencers, many of whom believe it will happen before the end of the year 2018. Everything mentioned in this article is exactly why many believe that ETC will be the leader in the world’s next blockchain-based industrial revolution.
What do you think about ETC? Tell us your thoughts in the comment section below.