The Ethereum Classic Ecosystem Evolves With Emerald Wallet Upgrade

The Ethereum Classic ecosystem is evolving nice and slow along with the latest Emerald Wallet upgrade that is available for the users. The core upgrade won’t pose any problems for the users so let’s find out what it can do in the latest ETC news.

Keeping a core wallet updated is crucial. Every crypto network has a default solution and other wallet options as well. For the Ethereum Classic ecosystem, the Emerald Wallet is considered to be one of the best options that provides great services for its users. After the recent update, a few minor updates and one major bug fix was introduced. Under the latest version, there are some potential smaller problems with the Ledger hardware wallets but they are expected to be resolved in full. This update actually serves a secondary major purpose since it addresses this issue but also helps to make a new way for the phoenix upgrade.

The core network upgrade will go into effect later this year in June. Phoenix represents a core upgrade for Ethereum Classic users and supporters. Every once in a while, the cryptocurrency network will get a new upgrade and they have to be pulled off steadily. Once everyone updates their Emerald Wallet, nothing can become an obstacle for the Pheonix upgrade. For the Ethereum Classic supporters, this is great news.

Ethereum Classic has the technology that Ethereum has but uses the Bitcoin philosophy. ETC is basically hard money with a fixed supply and it is decentralized. The platform values censorship resistance and mostly focuses on trust minimization. They prefer to have strong safety features since they value security. The protocol focuses on the multi-decade stability and they also focus on ensuring social scalability within the ETC system itself which never had ICO or a pre-mine. ETC has rich statefulness which has a major selling point for ETH since it facilitates transparency at the blockchain level. In order to improve the functionality that is facilitated, complex logic in smart contracts can be implemented.

As Ethereum Classic labs noted, Ethereum and ETC cannot interact with the data that exists outside of the blockchains since the blockchains are mainly useful for processing on-chain transactions and they have to behave according to the outlined rules and overall blockchain consensus.