Emerald Project is expected by the ETC community

Will Emerald Project solve ETC issues? 
23 June 2017   1548
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Whole Ethereum Classic community is exited due to the Emerald Project. This solution is designed to solve many ETC ecosystem's issues. Additionally, it will provide first major wallet for Ethereum Classic. Emerald Project has many other features, let's get familiar with them.

EMERALD PROJECT IS A BIG STEP FOR ETC COMMUNITY

When Ethereum Classic was created as an Ethereum hard fork, it's ecosystem has slowly gained traction. More and more people have become ETC enthuisiasts. ETC takes the same technology as Ethereum, but it does not support The DAO investors. Also, smart contracts, DApps and other features are supported by ETC.

Despite these advantages, ETC ecosystem has weak sides. There are many wallet solution for ETC, but none of them verify transactions in a trustless way. Creators of Emerald wallet want to change it. Project release date is still unannounced; it is expected in the nearest future.

Emerald Project is more than a simple wallet solution; it is also design to solve other ETC's issues. One common and comfy framework for developing Dapps on top of the Ethereum Classic still doesn't exist. Right now it is very complicated process. Additionally, real UI components and tutorials for third-party developers aren't available too.

At the moment, Dapps developers need to learn whole architecture for development. Also, native tokens and smart contract features need to be written manually. This process is very complicated; Emerald Project is designed to bring solutions for these issues. There is big probability once these issues are solved we are going to see Ethereum Classic integrated into much more products.

The Ethereum Classic developers can divide the Emerald ecosystem into different parts as soon as Emeralt Wallet is released. It will cause the becoming of SDK to a separate project; new Dapp will be created. This will provide access to smart contracts for developers. Also, command-line will also be available.  

The release is planned on 2017. Same for Dapp SDK, which is based in Emerald Project. All these solutions will be interesting for Ethereum Classic community. Ecosystem is growing because of many interesting project, that are developed now.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.