In a market that is increasingly crowded with platform blockchains, what really sets Ethereum Classic apart? What makes it tick? Well, if the sentiments of Charles Hoskinson are anything to go by, then what makes ETC stand out is the culture, the philosophy that its community adheres to. According to Charles, Ethereum Classic (ETC) feels a lot more like bitcoin in the early 2010s. In those days, it was all about the projects and what they could do, and not the prices, or the next ICO coming up. To quote him, here is what Charles had to say about Ethereum Classic and its culture.
“…when I look at the Ethereum Classic (ETC) community, it feels a lot like bitcoin felt back in 2011 in 2012…back in those days we didn’t talk about ICOs, STOs. We didn’t talk about the latest offering. We just talked about the philosophy and the culture, and the projects. It was fun, I loved the meetup groups… and that’s what ETC feels like to me. It’s just a bunch of people who really love what they do. They don’t really care if there is going to be an ICO next week, or where the market price or the liquidity is. They just want to build some cool thing and have fun. And as long as we have that vibe, I think ETC’S future is gonna be very good, and it’s going to be very vibrant…”
This philosophy of ETC is indeed a big deal for its long-term growth, in an increasingly crowded market. That’s because when everyone in the community is driven by the desire to have fun and is passionate, innovation takes center-stage. It is this culture of fun that will lead to the rise of revolutionary Dapps on the ETC blockchain, and impact on its prices going into the future.
Crypto communities that are driven by the need for short-term monetary gains are likely to be dominated by ICOs that give a short-term price pump while hurting long-term growth. In essence, the culture of passion that is still alive in the ETC community will see this crypto make a steady rise to the top, over the years. Passion and innovation always win against short-term greed, and that’s why ETC stands to win in the long-run.
Another critical factor that makes ETC stand out is its immutability. Immutability makes ETC quite practical in running sensitive applications. For instance, since accounts on the ETC blockchain cannot be change, it is a perfect blockchain for application in things like voting where immutability is a key factor to look for. This gives it the leeway for adoption by different nations looking to give integrity to their voting systems.
Clearly, immutability and a vibrant culture that is driven by innovation are essential ingredients that place ETC on the path to growth going into the future. The best part is that they are not easy to replicate. This means that ETC can leverage on them, and take over the Dapps market in the future.
Ethereum Classic (ETC) currently ranks 15th on market cap. As its presence in the market begins to rise, on the basis of its core attributes, its value will rise too. It has a realistic chance of pushing into the top 10 on market cap rankings.