Yesterday, the Ethereum Classic (ETC) team sent out a tweet about the upcoming meetup in NYC on the 9th of October. The meetup will take place at the DBA bar, East village NYC. It is open to everyone including investors, developers and just anyone who has an interest in blockchain technology. The key agenda of this meetup will be immutability, value and smart contracts.
Such meetups are great for the growth of the ETC blockchain because they lead to new ideas, as well as act as forums for creating awareness about this blockchain. For instance, through these meetups, developers can brainstorm on new innovative Dapps that can run on the ETC blockchain. Since Dapps are the backbone of any platform blockchain, it then follows that as that number goes up, the value of ETC will rise too. In essence, this meetup and many more that the community will continue to organize will play a role in driving up the price of this crypto, since more innovative Dapps will continue to come up. It’s a great way to keep pushing up the intrinsic value of the ETC blockchain in the market.
Besides, there are people out there who don’t understand the intrinsic value of the Ethereum Classic (ETC) blockchain, and will get to understand it better through this meetup and many more that will come in the future. For instance, in the New York meetup, one of the things that will be discussed is immutability. Most people don’t know the difference between Ethereum (ETH) and Ethereum Classic (ETC) and this meetup will clarify it for them. The main difference between the two is that Ethereum Classic (ETC) is an immutable blockchain.
Immutability means that accounts on the ETC blockchain can never be altered. Everything input on this blockchain is pretty much cast in stone. This is a big deal as most people will get to learn over time. It means that the ETC blockchain can be used in writing high value smart contracts where data needs to be unchangeable for purposes of credibility. For instance, it can be used in national elections since it gives the voting process a high degree of credibility in the market. In essence, immutability is one of the biggest assets to the future growth of the ETC blockchain, and one that more people will get to know through meetups such as the upcoming one in New York.
Attending such meetups also gives investors an idea of the likely direction that ETC will take in the short-term. For instance, one can learn of an upcoming development before the rest of the market, and profit from them. That’s why attending, if possible is a good idea.
Away from the meetup, ETC’s price is performing relatively well in the market. Though it is down in the day, it is still holding above $11, which is now long-term support. That’s a good indicator that it could be primed for a more long-term bull run from this point onwards.