Ethereum may not be on anyone’s radar, but it’s hard fork Ethereum Classic (ETC) has risen in popularity without making much noise. Dapp Direct has noticed a steady rise of double in the past month for ETC’s Dapp, with 2000 ETC in July straight to 5,500 plus ETC by September.
At the time of writing, 5982.20 ETC has been deposited in the Ethereum Classic Network which is equal to $68,137.26 (According to CoinMarketCap the price of Ethereum Classic is $11.39).
Currently Ethereum Classic has seven dApps active which includes DEX a messaging service along with a pirates game and a predictions market.
Ethereum Classic was a hard fork from Etheruem which is the second-ranked cryptocurrency concerning market capitalisation and ranking. Similar to how Bitcoin Cash is a hard fork to the most popular cryptocurrency Bitcoin.
The main reason for the fork was the major 6.2 million ETH hack that Ethereum Classic did not agree on reversing as it would compromise on the immutability of the Blockchain.
ETC is proven to be quite encouraging as positive news leads to spikes. For example, Coinbase intending to list ETC led to a good gain in price for the hard fork of Ethereum.
Ethereum is far ahead in terms of dApps with almost 2000 compared to Ethereum Classic with just 7. However, Alexander Tsankov the Director of ETC development fund called Ethereum Classic Cooperative has huge confidence in the platform with comments about two big projects joining Ethereum Classic.
Ethereum Classic has performed to hash rates of nearly ten times an increase according to Twitter user ‘Classic is Coming.’
— Classic is Coming –oppose-dao-fork (@ClassicIsComing) September 25, 2018
According to a Twitter user, ‘Josue Medrano’ ETC is growing and being adopted by people.
Many times cryptocurrency platforms do well in the beginning but die down later. However Ethereum Classic has proven that it’s in for the long term with the steady rise in dApp popularity.