Ethereum Classic (ETC) is the 21st largest coin by market cap which is trading at $5.14 with a minimal increase lately. However, what is important to note for this coin in the latest altcoin news is the fact that Ethereum Classic enters a new era in its development and management.
Basically, ETC calls themselves to be the money and the team claims that they are unstoppable, urging more investors to choose ETC as one of the hottest altcoins right now. Bob Summerwill, who is a member of the team, recently tweeted:
“The AGM for @ETCCooperative happened earlier. Two Resolutions were passed today, which strengthened our Board of Directors and put the new governance policies, processes and procedures in place: Welcome to the Board, @eiaine, @realroyzou and @CraigSalm!”
The AGM for @ETCCooperative happened earlier.
Two Resolutions were passed today, which strengthened our Board of Directors and put the new governance policies, processes and procedures in place:https://t.co/oI6f3aqYYU
Welcome to the Board, @eiaine, @realroyzou and @CraigSalm! pic.twitter.com/DGIGCp9L7d
— Bob Summerwill (@BobSummerwill) March 17, 2020
Besides Bob, several other investors expressed their happiness about having Elaine back in the board of directors, mostly because all of these are familiar faces known for their interest in contributing to the growth of Ethereum Classic (ETC).
As Ethereum Classic enters a new monumental era of development and management, this era is a new step in their ‘5M20’ Monetary Policy which is said to reduce the ETC block rewards. Previously, the block reward was 4 ETC and as the team announced before, there is a block reward reduction of 20% on every 5,000,000 blocks. Currently, the ETC block reward is at 3.2 ETC.
According to Sydney Ifergan who calls himself ‘the Crypto Expert’ on Twitter, the Ethereum Classic news in the future look promising. He said:
“It is important to understand that the Fifthening is not Halving! ETC are still going strong and consumers are interested in a monetary policy that is predictable and transparent.”
It is important to understand that the Fifthening is not Halving! #ETC are still going strong and consumers are interested in a monetary policy that is predictable and transparent.
— Sydney Ifergan (CryptoSYD) (@SydneyIfergan) March 19, 2020
Despite the news showing that James Wo who was a board member at ETC quit lately and said that he “must resign from the Board because of gross mismanagement,” Ethereum Classic enters a new era where they need to figure out the best approaches to grow and attract more investors.
It is a common fact that ETC is one of the most interesting altcoins on the market and a coin worth watching out for. Hopefully we will see ETC growing soon and entering the top 20 coins list.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post