Long Term Outlook for Ethereum Classic

March 2, 2018 by pyskell (Anthony)

Read this article on Medium (looks nicer)

Lately there’s been a lot of speculation about ETC, the price is rising, the Callisto airdrop is happening, and Crypto Twitter is tweeting up a storm about ETC. Some are certainly trading for short term profits, and it’s their right to, but they’re not seeing the forest for the trees. Even worse, some have dubbed ETC a shitcoin, as if we’ve existed this long to just be another pump and dump. We haven’t, we aren’t, and we won’t be if I have anything to say about it.

This article sets out to give some insight into the advancements ETC has made and the bright roadmap it has for its future.

The future of ETC is the future of all Cryptocurrencies, and that future is interoperability, there will be no one winner. ETC will become highly interoperable while others naively fight to be dominant.

At the core of our sidechains is SputnikVMwhich can run smart contracts anywhere… You can do this today. Not at some nebulous time in the future.


We’re going to have sidechains this year, transactions on them will be free, and even very low powered devices will be able to use them. We’ll be the first blockchain to properly address the needs of IoT devices. While others claim to, and start announcing partnerships before anything even works, we’ll be the first to really get it done.

At the core of our sidechains is SputnikVM which can run smart contracts anywhere, such as in the browser or you can put it in embedded devices. You can do this today. Not at some nebulous time in the future.

Our sidechains will be highly flexible. They’ll allow whoever created them to choose between PoA or PoS approaches. They can be public, private or otherwise permissioned depending on your needs.

Ease of use

Every blockchain still needs to improve their usability but we’ve made great strides. We’ve got beautiful, well-working wallets (Emerald Wallet, CEW). A simple DNS-like system (via CEW). Mobile wallets exist and more are coming. We’re supported everywhere, we’re on every major exchange, we’re very popular internationally, we’re even making our way into Cardano’s wallet.

Sent myself some ETC and it showed up in Emerald Wallet in about 20 seconds.

Easier development

Currently developing for blockchain tech is fairly low-level, while we have languages like Solidity which very much look like JavaScript, they function like a low-level language. This leads to a lot of difficulty in development and a lot of bugs cropping up.

Emerald Project will provide a common high-level framework to ease development on Ethereum Classic. Imagine libraries where integrating with hardware wallets is as easy as ledger.connect(), or interacting with tokens is as simple as Token t = new Token(0xbeef..); t.transfer(0xfa34..). This is just pseudocode but that’s where we are heading. No messing with RPC or hunting down ABIs necessary.

Emerald Project doesn’t end at just the code though, it also extends to the UI. Check out Emerald Wallet, look how great it looks, your apps will be able to seamlessly drop in the same elements. On the user end the consistent UI will create a familiar and cohesive feel across ETC projects.

Improved developer documentation is also coming and will be announced in the coming months.

Emerald Wallet

Installing Emerald Wallet took me literally 1 minute to install and immediately start using ETC.

I’ve also just installed Mist for Ethereum and it looks like I’ll be waiting a while. I clicked on “Launch Application” several times and nothing is happening. I seem to just be stuck on block 10,240 now.

While in Emerald Wallet I sentmyself some ETC and it showed up in Emerald Wallet in about 20 seconds.

Mist on the other hand appears to have crashed. I restarted it.

Back to waiting.

In fairness it did eventually sync. And before you get mad that this is a dig at Mist developers, it’s really not, developing a good wallet is hard work, it is not easy, errors happen, and I’m sure they’ll fix these above issues.

This is simply to illustrate that ETC does have a good wallet which is able to go from install to using the ETC network in about a minute. Those who claim ETC can’t accomplish a “simple” task like a wallet are misinformed at best and willfully ignoring the issues within their own communities.

Open community

The Subreddits, Forums, Discord, and Telegrams all have separate owners. Discussion is very open and you’re not required to agree with the crowd.

We’re very anti-pump and dump, want to know why ETC’s price doesn’t rise endlessly like other coins? Because when you join our forums you may very well find that many in the community won’t promise you the moon, and we’re aware of our flaws and working hard to fix them. We think this will make ETC much more widely used in the long term, at the cost of short term lambo-moon pipe dreams.

We’re also not going to police you and tell you what to believe in or what not to. And we’re not going to put our names/faces on every project that comes along. We have principles and we will stick to them.

Follow me on Twitter

Follow me on Medium

Coder, Project Manager, Blockchain enthusiast

Archive Previous posts

October 6, 2019Bob Summerwill

Proposing an explicit social contract in support of POW mining

April 11, 2018Christian Seberino

The Ethereum Classic Blockchain Is INCOMPLETE & Why That Is OK

April 5, 2018Christian Seberino

An Introduction To Tries

March 19, 2018Christian Seberino

Ethereum Classic Recursive Length Prefix Encoding

March 19, 2018Anthony Lusardi (pyskell)

ETC Roundup — What’s happened last week (3/19/18)!

March 15, 2018Christian Seberino

A Walk Through Ethereum Classic Digital Signature Code

March 12, 2018Anthony (pyskell)

ETC Roundup — What’s new this week (3/12/18)!

March 6, 2018Anthony (pyskell)

ETC Rundown — What’s new this week (3/6/18)!

March 2, 2018pyskell (Anthony)

Long Term Outlook for Ethereum Classic

February 22, 2018Christian Seberino

On Ethereum Classic Mining Rewards With The New Monetary Policy

February 14, 2018Christian Seberino

Why Multisig Smart Contracts Will Likely Take Over Ethereum Classic & The World

January 31, 2018Christian Seberino

A Simple Interpretation Of The Ethereum Classic Mining Difficulty Parameter

January 26, 2018Christian Seberino

Implicit Ethereum Classic Blockchain Information

December 20, 2017Christian Seberino

The Dexaran Interview

December 13, 2017Christian Seberino

Toll Equality

December 4, 2017Christian Seberino

How Ethereum Classic Light Clients Can SECURELY Operate

November 11, 2017pyskell (Anthony)

Who's Talking at the Classic Summit

November 5, 2017Christian Seberino

The Mining Game: Explaining Blockchains

October 25, 2017pyskell (Anthony)

All that's new in Classic - October Edition

August 27, 2017Prophet Daniel, Tyler West


August 27, 2017Prophet Daniel, Tyler West

The Rise and Rise of Social Coins

July 28, 2017Christian Seberino

Web 3.0 And Ethereum Classic

July 23, 2017Prophet Daniel

Development forces arriving

June 17, 2017Christian Seberino

When Absolutely No One Can Steal Or Return Lost Ethereum Classic Funds

June 17, 2017Christian Seberino

Should The Ethereum Classic Community Be Ashamed Of Promoting Privacy?

June 17, 2017Christian Seberino

ICOs & Custom Cryptocurrencies On Ethereum Classic

May 19, 2017Prophet Daniel

Stand up from the crowd

May 11, 2017Carlo V

ETC Weekly Newsletter: Dev Update 10!

May 1, 2017Christian Seberino

Why You Should LOVE Proof Of Stake Systems — Hybrids!

April 28, 2017Christian Seberino

Ethereum Classic Blocks Explained: The Three Categories

April 28, 2017Christian Seberino

Ethereum Classic World Computer Transactions Explained

April 19, 2017Carlo V

ETC Weekly Newsletter: New all time highs as ETC surges!

April 18, 2017Christian Seberino

Ethereum Classic Public And Private Keys: A Little Enlightenment

April 13, 2017Carlo V

ETC Weekly Newsletter: New devs on ETCdev Team.

March 30, 2017Christian Seberino

The Ethereum Classic World Computer Accounts & States Explained

March 29, 2017Carlo V

ETC Weekly Newsletter: Dev Update + News from Bitkio.

March 24, 2017Christian Seberino

How To Improve Ethereum Classic Immutability Discussions

March 16, 2017Carlo V

ETC Weekly Newsletter: Dev update and more

March 13, 2017Christian Seberino

Ethereum's Vitalik Buterin Discusses The New Viper Smart Contract Programming Language

March 8, 2017Carlo V

ETC Weekly Newsletter: Dev Updates + New Discussions

March 2, 2017Carlo V

ETC Weekly Newsletter : Monetary Policy Statement.

February 28, 2017Christian Seberino

An Interview With The Anonymous Individual That Started Ethereum Classic

February 28, 2017Christian Seberino

How To Create A Censorship Resistant Domain Name System On Ethereum Classic

February 20, 2017Carlo V

ETC Weekly Newsletter : Treasury Proposal

February 13, 2017Christian Seberino

Should We Make ⟠ The Ethereum Classic Currency Symbol?

February 10, 2017Christian Seberino

Why Ethereum Classic Uses An Incorrect SHA3 Implementation

February 10, 2017Christian Seberino

Proposal: Ethereum Classic Currency And Logo Conventions To Improve Communication And Avoid Expensive Mistakes

February 10, 2017Christian Seberino

Serpent: Introduction To The BEST Ethereum Classic Smart Contract Language

February 10, 2017Christian Seberino

Why Bloom Filters Are So Cool (+ Useful!) For Blockchains & Beyond: An Introduction

February 10, 2017Christian Seberino

Hashes: An Introduction & Why They Are Foundational To The Internet & Blockchains

February 1, 2017Carlo V

ETC Weekly Newsletter : Another Great Month Ahead

January 24, 2017Prophet Daniel

Ethereum Classic Harmony

January 17, 2017Carlo V

ETC Weekly Newsletter : Protocol Update Successful!

January 6, 2017Prophet Daniel

Sustainable Development Goals

January 4, 2017Carlo V

ETC Weekly Newsletter : Happy New Year!

December 29, 2016Carlo V

ETC Weekly Newsletter : End Of 2016!

December 28, 2016Christian Seberino

Zero Knowledge Proofs For Dummies

December 20, 2016Carlo V

ETC Weekly Newsletter : In Case You Missed It

December 16, 2016Christian Seberino

How To EASILY Set Up An AMAZING Ethereum Classic Node & Talk To It With Your OWN Code

December 14, 2016Carlo V

ETC Weekly Newsletter : ETC Meetup in London + The New Team

December 12, 2016Carlo V

Introducing The Grothendieck Team

December 6, 2016Christian Seberino

Why Would I Choose To Run My Application On Ethereum / Classic Instead Of The World Wide Web?

December 6, 2016Carlo V

ETC Weekly Newsletter : The Grothendieck Team

December 4, 2016Arvicco

ETC End of Year and Monetary Policy Event: London, December 13th

December 1, 2016Christian Seberino

Why InterPlanetary File System & Its Ilk Are A Big Deal For Blockchains & Beyond

November 29, 2016Carlo V

ETC Weekly Newsletter : Network Update

November 23, 2016Christian Seberino

The Skinny On Smart Contracts: An Introduction & Why You Should Care

November 22, 2016Carlo V

ETC Weekly Newsletter : Monetary Policy Update

November 15, 2016Carlo Vicari

ETC Newsletter

November 15, 2016Christian Seberino

The Bare Basics Of Money And Monetary Policy WITH A FEW WORDS FROM SATOSHI NAKAMOTO

November 8, 2016Carlo Vicari

ETC Newsletter : 2016-11-01 - 2016-11-08

November 4, 2016Christian Seberino

Let's Admit Blockchains Are Weird: An Introduction To The Strangeness

November 1, 2016Carlo Vicari

ETC Newsletter : 2016-10-24 - 2016-11-01

October 31, 2016Carlos Graterol

Instead of The Halvening, A Tithing for ETC

October 17, 2016Arvicco

Gas Reprice Hard Fork on ETC block 2500000 (October 25)

October 14, 2016Christian Seberino

Why Another Hard Fork To Deal With The Recent Denial Of Service Attack Spam Shouldn't Be Controversial

October 13, 2016Christian Seberino

Ethereum / Classic Denial Of Service Attacks & The Estonian Cyberwar

October 12, 2016Christian Seberino

Cuban Piracy & Why Merkle Trees Are So Awesome For Blockchains

October 11, 2016Christian Seberino

Navajo Indians Help Explain Ethereum / Classic Replay Attacks

September 18, 2016ProphetDaniel

The Invisible Field

September 9, 2016Arvicco

Code is Law and the Quest for Justice

September 1, 2016Ethereum Classic

CHBTC contributes funds to foster growth of Ethereum Classic

August 18, 2016Arvicco

Ethereum Classic Kickoff (London)

August 16, 2016ProphetDaniel

Nature Inspired Ethereum Classic Community Dynamics Proposal

August 14, 2016DaxClassix

New Website Created

August 11, 2016ProphetDaniel

Decentralized anarchist governance system

August 10, 2016ProphetDaniel

Couple Values That Forked Ethereum Broke

July 27, 2016Arvicco

Getting things done in a decentralized way

July 25, 2016Arvicco

What can I do to help Ethereum Classic project?

July 24, 2016Arvicco

ETC exchange trading and other news

July 22, 2016Arvicco

ETC - new Ethereum Classic ticker symbol

July 15, 2016Arvicco

Let's keep the original censorship-resistant Ethereum going!

July 11, 2016Arvicco

A Crypto-Decentralist Manifesto