Topic: ETC rising to 0.01btc ? (Read 3586 times)

I heard the JP Morgan is Quietly Developing a Private Ethereum Blockchain

Wall Street mega-bank JP Morgan has co-developed a private, permissioned version of the ethereum network.

The project, presented during a meeting of the Hyperledger technical steering committee last month, was recently demonstrated during the Sibos convention in Geneva. But while the bank avoided the headline-grabbing announcements of its peers like Bank of America and UBS last week, this doesn't mean it is shying away from discussing its work.

Called Quorum, the platform was developed in partnership with ethereum startup EthLab, and it is one of the first projects to come out of a working group within the bank known as the Blockchain Center of Excellence.

Amber Baldet, program lead for the division, explained that JP Morgan is now looking to open source its blockchain technology work in order to get more developers involved.

Baldet told CoinDesk:

"One of our goals in working with an open-source platform and contributing our work back is to encourage collaboration and innovation. The more people that get involved, the faster we will see adoption challenges addressed and the more robust the system will become."

In tandem with the development of Quorum, Baldet said JP Morgan created a software development kit (SDK) aimed at encouraging developers to create applications.

Baldet went on to describe the project as "an additional choice" in the company's toolkit of software offerings aimed at solving business problems.

Notably, Quorum is the second major blockchain-inspired offering to come out of the JP Morgan's technology labs. Earlier this year, the bank showcased Juno, a project it called a "distributed crypto-ledger" that was designed to enable quick value transfers between network parties.

The developers behind Juno departed the bank earlier this year to form their own startup, Quartz reported in July.

Inside Quorum

According to JP Morgan, the project was developed following discussions during the first ethereum developer conference (Devcon1) in 2015.

"While speaking with Jeff Wilcke of EthLab there, we recognized that there was a potential overlap between his goal to build a voting-based consensus mechanism to replace proof-of-work, and our goal to build a high-speed, permissioned ledger," Baldet explained

It seems the big companies are using the main Etheruem chain, so that could be a bad news for the ETC.

It is very hard for ETC to touch that price range without strong community support behind it. ETC network and community is growing in very fast rate so may be after a year or so it will be not a surprise to see ETC trading over 0.01BTC.

I think you are trying to be over-speculative when you say that ETC will rise to BTC0.01... Do you think that Ethereum Classic is more developed than Ethereum or is it an upgraded version of it??? If it would have been, you might have already seen the trolls becoming true that ETC would have replaced ETH...

my newest theory about ETC is that since it is the same coin as ETH really, it can not rise because it is lacking the manipulation and the big amount of money that foundation has so it will follow the dying path that ETH without manipulation should take.

but i would keep my eyes open for possible pumps along the way though!

what a great chart  , but i do not think it can happen in a short time, ETC price is still way down from other alt coin, the one that have better chance is compete with bitcoin is ETH, but after the hard fork incident both of the coin plunge into the bottom, so it need a long time before they regain their position

Your statement is wrong. ETC is still the minority. The majority of the people are choosing ETH because they have the funding, they have the interest of the companies and the banks and their development team is the original. Also ETC and ETH are the same project and the failure of the DAO is on both of them. Please get your facts straight.

I agree with your opinion, but the problem ETH be considered as failure coin because of the DAO coin, and the real ethereum is ETC that is why the people still choose ETC than ETH, and about ETC's price that going down It is normal (fluctuation) on every trading always there is risk.

You could be right. If the ETC attract a lot of development fund, the price could rise a lot. So it is worth the risk.

IS ETC is a cloned of Ethereum? why people keep choosing this coin ? Because you guy's can earn more bitcoin on it , Imo i will choose Ethereum because it has a really big potential when it comes of trading , It is very easy to sell and buy where more investors are choosing it from exchange website and coinbase offered also that you can buy using it.

I think it is not trolling, it is about prediction price of ETC will become 0.01 and we can make discussion about it, every traders know price ETC is 0.0019 not 0.01 but we try making prediction it.

There is a corelation between ETC and ETH.As a result, there will be an increase for ETC but the 0.1 parity...It is hard to guess.

The chart and the price are not even close.
And even if ETH reaches that price it's gonna get dumped and will drop very fast.

what this, just trolling or what? ETC now 0.0019 not 0.01BTC

poloniex?

I agree with your prediction but for today if we look on the candle chat, still there is not sign in the chat the ETC's price going up until 0.01BTC in my prediction it will need much time for it will become up to 0.01BTC/ ETC because for today ETH's price is sideaway.

You're correct, ETH wouldn't be a $1 billion market cap without those bumps in the road.

ethereum classic is eth can reach to price 0,01 bitcoin every one etc
but not fast time, very longterm maybe next year this reach every one etc 0,01 bitcoin

It's hard to say at this moment we can see it go back to 0.0045 where it was. Or maybe even go back futher down.

it is almost ETC's turn to get pumped all other coins have been pumped and now that they are being dumped all that money should go somewhere besides ETH was pumped recently and it has nomore steam to go higher it has to come down. so only other option is ETC