Charles Hoskinson, the creative force behind Cardano and the co-founder of Ethereum, gave positive comments on Ethereum Classic at the 2018 Ethereum Classic Summit in Seoul.
According to him, Ethereum Classic is now very similar to the Bitcoin’s first years. He thinks to have a small team benefits the product’s faster development and allows higher flexibility. Larger developer groups like Bitcoin or Ethereum lack these abilities, suffer disagreements on the direction, and have very slow technological development.
“And the great value for the Ethereum Classic community for the road ahead is that we now have to pursue a completely different roadmap from where Ethereum is eventually going to go. It is sure going to be a fight ahead but we have to be our own guide,” Hoskinson added.
WHY IS IT IMPORTANT?
- Recently it was announced that ETC now supports its own decentralized apps (dApps) tools. After the news and updates materialized during the Ethereum Classic summit on September 12 and 13, the market price for ETC still hovered near its lower levels under $12.
- Ethereum Classic has a market cap of $1,1 billion and is the 14th biggest cryptocurrency by capitalization. It is currently trading for $11.13, according to coinmarketcap.