Ethereum classic (ETC) is seeing brighter days as the Coinbase listing is knocking at the door. With transaction rates currently standing at 48,000 per day, it is speculated that it will very soon attain the 100k transactions per day mark.
Ethereum Classic on 1st August posted on Twitter: “Ethereum Classic $ETC Daily Transactions Close to 50K – A good sign for the future! via @cryptoglobalist”
— Ethereum Classic (@eth_classic) August 1, 2018
SEE ALSO: Ripple quarterly report shows Malta, “not South Korea”, is now “the leading trader of XRP”
How is the number of transactions increasing for Ethereum Classic?
With the listing day fast approaching, investors are rallying behind the cryptocurrency, resulting in a rise in transaction rates. This is only benefiting the currency to grow both in terms of its number of its number of investors and transaction fees.
The investors are also aware of the fact that Ethereum Classic has one of the most secure blockchains in the market. This can also be a fact to reason why investors are coming to Ethereum Classic and also the rise in the transaction rates on the Ethereum Classic network.
SEE ALSO: Chile to enjoy Ethereum (ETH), Bitcoin (BTC), Stellar (XLM) transactions at over 5,000 stores as Cryptomkt partnered Flow
The IoT venture of Ethereum Classic
The Ethereum Classic Development Team (ETCDEV) has recently stated that they have big plans with IoT and they consider smart contracts to be the key motivator in the IoT market. The company also plans to include native sidechains that will boost infinite scalability. With Ethereum Classic having a most secure blockchains in the market, the chances of the company taking over the IoT market in the future also gets amplified.
Other Related Articles
- Ethereum moving towards crtitical $400; How close are we to reach Ethereum Web 3.0?
- Ethereum digital asset wallet, imToken unveils a series of new ventures
Image via Shutterstock
Join our Telegram group