Ethereum Classic

ETC forks into Ethereum Emerald

Ethereum Classic will undergo a hard fork into Ethereum Emerald on July 13 that features zero-tax fee and instant payments
19 May 2018   4030

The blockchain assets and and currency code for Ethereum Classic - Ethereum Emerald is to be forked on July 13. The roadmap for the whole Q3 2018 hints at zero-tax fee system and instant payments. The following features are expected to come along during the Q3:

  • Payment gateway;
  • Emerald wallet for mobile devices;
  • Desktop wallet.

The fork height is at 6100000th block. The coin market symbol is going to be ETE. The initial total supply is about 408 million ETE. On the launch date each and every ETC holder shall receive ETE with a 1:1 ratio for free. The mining algorithm stays the same as for the Ethereum - Ethash.

To learn more about the Ethereum Emerald, you can visit the official page here. At the moment of publication, the Ethereum Classic market parameters are as follows:

Average price USD 18.11
Market cap USD 1,842,494,547
Volume (24H) USD 166,148,000
cryptocurrencyEthereum ClassicBlockchain

Grayscale to Support ETC Devs For Another 2 Years

Ethereum Classic Cooperative was launched in 2017 for financing infrastructure development and projects in the Ethereum Classic ecosystem
23 January 2020   320

Digital asset management company Grayscale Investments has expressed its willingness to continue to provide financial support to Ethereum Classic Cooperative (ECC) for another two years.

ECC was founded in 2017 and is a public charity that directly finances infrastructure development and projects in the Ethereum Classic ecosystem. Initially, Grayscale intended to support ECC for three years, and now extended this period until April 2020.

Grayscale donates to ECC the third part of a three percent commission from its Ethereum Classic Trust. By the end of 2019, the company had donated ECC over $ 1 million.

It is a big vote of confidence which we deeply appreciate. This funding allows us to continue our support of the ETC protocol and ecosystem. We will provide grants for key projects, as we have through 2018 and 2019.

 

Bob Summerwill

ETC Cooperative executive director

In the new year, ECC intends to aim for more sustainable development by redesigning its governance structure and increasing transparency in its operations. The report for 2019 will be published by March 2020, after which such reports will be published on a quarterly basis.

Grayscale is a division of Digital Currency Group, whose founder Barry Silbert actively supports Ethereum Classic.