Home Ethereum News Twitter Reacts to Coinbase's Shock Ethereum Traditional Information

Twitter Reacts to Coinbase's Shock Ethereum Traditional Information

7 min read

Some members of the crypto group have been stunned Tuesday when the U.S.-based alternate startup Coinbase introduced that it plans to checklist ethereum traditional (ETC).

ETC traces its origins again to 2016 and the collapse of the DAO, the ethereum-based, sensible contract-powered funding car that fell aside following a debilitating code exploit. The network is thought by some as “a continuation of the unique ethereum blockchain” following a tough fork that reversed the losses stemming from the DAO.

As of the time of writing, ethereum traditional is the eighteenth largest cryptocurrency by market capitalization – greater than $1.5 billion – in keeping with knowledge from CoinMarketCap, which tracks value developments out there.

A scan of reactions on Twitter means that a variety of market observers have been bowled over by the itemizing announcement, which sparked a 25 p.c value improve following the revelation.

In a single case, the response was fairly blunt:

This observer took criticism to the following stage, suggesting that the itemizing had extra to do with spurring consumer exercise than something particularly to do with ETC.

Ripple impact?

Amidst the social dialog, some tried to attract a connection between the ETC itemizing and the truth that, thus far, the alternate hasn’t added assist for the cryptocurrency XRP. Again in April, Bloomberg(https://www.bloomberg.com/information/articles/2018-04-04/ripple-is-said-to-struggle-to-buy-u-s-listing-for-popular-coin) reported that distributed ledger startup Ripple tried unsuccessfully to get the token listed on Coinbase.

However, these supportive of the token and Ripple’s efforts struck optimistic tones because the story unfold.

Glass half-full

Whereas a lot of the dialogue right this moment centered round what the itemizing would possibly imply for ETC within the long-term, others rode the social waves by taking a extra humorous method to their commentary.

For instance, a number of observers tied the event to this week’s summit between U.S. president Donald Trump and North Korean dictator Kim Jong-un.

Nonetheless, a (small) portion of individuals within the crypto group determined to remain constructive after the announcement.

Picture through Shutterstock

The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial policies. CoinDesk is an impartial working subsidiary of Digital Foreign money Group, which invests in cryptocurrencies and blockchain startups.

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