Ethereum Classic price goes up 25%

Ethereum Classic price goes up 25% as a result of South Korean trading interest rumours 
23 August 2017   1906

Ethereum Classic (ETC) price has increased by 25% within an hour as a result of spreading of South Korean trading interest rumours. 

Thus, the news got a great resonance on Twitter, e.g. one of the users claims that the cryptocurrency is "more alive than ever":

Other cryptocurrency enthusiasts speculate that the Ethereum Classic chain is to be benefiting from trader efforts in South Korea:

Given that the rumours are not just the rumours, ETC is to profit from the surge the same way as Monero and Ripple (Ripple's XRP price climbed 40% on surge in Korean trading) this week. For example, when Bithumb, the world’s most-used cryptocurrency exchange announced adding the support for Monero tokens, its value ballooned from around $52 to almost $97 in a period of hours.

Bithumb in the list on coinhills.com Bithumb in the list on coinhills.com

Thus, at the time of writing, Bithumb is holding the first position in the list of cryptocurrency exchanges having a daily volume of more than $1.15 billion which is $500 million greater than 2nd-ranked Poloniex. It goes without saying, that the impact of the exchange on the market is hard to be overestimated.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   162

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.