Bob Summerwill, Executive Director of ETC cooperative, tweeted: “BLOG – ASIC Resistance is a Myth.”

The statement by Bob Summerwill ensures that several decisions that have to be made around ETC are not to be influenced by things that can be easily thrashed as a myth.

Subjective personal beliefs do not matter. Some things need to be decided purely based on the scientific measurement and solid facts.

The Philosophy and Ethos of Ethereum Classic are “Immutable, Decentralized, Unstoppable.” Ethereum Classic inherited its implementation decisions from Ethereum Project. There is a conflict in their Ethos. The first diversion which ETC took from ETH was related to the Monetary policy as there was no fixed supply cap for Ethereum, but ETC required a hard money basis.

Ethereum Classic Network Hashrate

Ethereum Classic tweeted: “#EthereumClassic Network Hashrate Continues to maintain all Time Highs.” Further tweeted: “#EthereumClassic Core Dev Call: ECIP-1078 Phoenix Upgrade on February 5th, 2020 “The agenda for the call is finalizing the plan for the ETC Phoenix hard fork mentioned in the ETC Cooperative blog post a few days ago.”

Sydney Ifergan, the Crypto Expert Tweeted: “There are short-term fluctuations with ETC; however, beyond that ETC is positioning itself well. This would lead to economic and financial gains.”

There are alternate opinions from participants because some of them believe that it is not acceptable to be moving a hard fork with flaws to the main net. A further forking to fix the flaws in a previous fork is even unacceptable. They feel it is against the ETC ethos of move slow but do not break the things philosophy.

A solution proposed in this regard is add a parallel fork as opposed to cancelling Aztlán per se. They are looking to nickname “Phoenix,” which is likely to happen at the same time — thus solving the flaw and the double-hard-fork problem. The agenda is released, and other possible outcomes have also got proposed.

Ethereum Classic and iSafepal

SafePal is now a participant in the ETC ecosystem, and they are deepening their connection with the ETC members.

The current year is seeing a noticeable and promising improvement in Ethereum Classic at 186%. These climbs have happened in just a month. It has broken the previous prices that it touched in the past year. With the new upgrade, the mining rewards will be halved after the planned update in projects are implemented. The ROI for ETC is pretty good at 1,454.41%


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