The Currency Analytics
By Steven Anderson
Ethereum Classic (ETC) Upgrade Instructions
Ethereum Classic is the first Dapp platform to adopt a controlled monetary policy. Donald McIntyre proposes his logic of why ETC will rise 1000x in the medium to long term.
Ethereum Classic Tweeted: “ETC is the only secure PoW smart contracts platform at the base layer.
Donald McIntyre proposes that there will be only 3 or 4 chains at the base layer contributing to market shares of 50%, 25%, 12.5%, and 6.25%.
Only ETC has PoW smart contracts at the base layer. ETC is mechanical, algorithmic, and capped, therefore providing for sound and trust minimized monetary policy.
Further, the base layer is projected to be analogous to gold, with nearly $8 trillion in value.
Sydney Ifergan, the crypto expert, tweeted: "Perhaps, we have to wait to see how the Donald McIntyre logic for Ethereum Classic (ETC) unfolds, whether 1000x more or less."
The upgrade instructions for ETC Phoenix are already doing the rounds. Some community members were concerned about “What does fork mean to ETC holders?
Bob Summerwill retweeted: “#EthereumClassic Phoenix fork is in 2 weeks! Miners are confirmed.
To add to the goodness, a DeFi Protocol is set to come to ETC late this year in 2020. The support for ETC is improving, and it is well sustained.