Ethereum Classic is on 25% Surge: Coinbase News
Ethereum classic, the cryptocurrency which was added on Ethereum blockchain on July 2016, got a 25% surge on Tuesday.
Ethereum classic is a cryptocurrency which is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. The news was announced by U.S. cryptocurrency exchange in its blog post that it is has started the engineering work to integrate ethereum classic with its platform and expects the service to be live in the “coming months.”
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
A tweet from Coinbase, “We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.”
Reply on the tweet feitz, @tdoccyclone, “If you had done your research more carefully, you wouldn’t call it “rubbish” or “shitcoin”. Btw: The latter sentence applies to pretty much all coins out there.”
The company further added, “The internal asset selection committee has been assessing assets using our Digital Asset Framework, but no assets have been recommended to the Coinbase executive team.”
The discussion to include Ethereum classic arrives after some critics in the industry had questioned Coinbase’s asset selection process as “random, if not altogether dubious.”
The motive behind such comments is that Coinbase added support for Bitcoin Cash, just months after the cryptocurrency was created out of a hard fork from the Bitcoin blockchain. However, at that time, the firm had not embraced Ethereum Classic a year after the cryptocurrency was hard forked off the Ethereum network.
Image via Shutterstock
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