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The listing of Ethereum Classic was a head scratcher for many. Some were wondering what founded the rationale behind CoinBase listing a coin that ranks eighteenth in the crypto standing. But, what many forget is that ETC precedes the like of Ethereum whose figure head is the Vitalik Buterin.
Besides, they still maintain a no coin burn policy. Unlike other high cap coins as EOS and Ripple which many online commentators were backing to be next of queue, ETC maintains decentralization policy and is completely open source.
We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.
https://t.co/bUG4iLUr2J
— Coinbase (@coinbase) June 12, 2018
As a matter of fact, shortly after their ETH hard fork, the development of Ethereum was split between different development group. Charles Hoskinson of Cardano oversees some bit of ETC development.
No one has total control of ETC. As such, this listing is set to benefit no one in particular but the community, early investors and hodlers. It would be a different case if XRP-despite all their offers in exchange for listing or EOS because all those moves entail direct capital gains to Ripple the company and Dan Larimer’s Block One both which are private companies controlling a considerable stake at XRP and EOS. ETC Labs incubator program, launched by HCM #Foxconn , Digital Finance Group, & Digital Currency Group, also offers guidance and support from #IOHK and #ETCDEV
Registration is Open!
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