Mark March 5 in your calendars because what we will witness is the culmination of many lessons coming together.. a fork in the road approaches. Callisto ($CLO) Airdrop is nigh. For every 1 ETC you hold in your wallet you will receive 1 $CLO.
What we are seeing is a rebirth. These changes bring $ETC up to a 3.0 generation blockchain. A funding model. A sustainable security auditing model. It brings cold staking to $ETC while also keeping mining. The best of both worlds.
Could $ETC overtake $ETH? Maybe. Maybe not. But the upside is clearly huge with $ETC having all the functionality and soon more than $ETH yet only having <3% the market cap. Keep in mind we are only starting to exit experimentation and speculation era of blockchain and the earliest nascent of adoption. It could be argued Ethereum and it's stellar growth to #2 was just warmup round. Could we see this year a repeat of last years Eth Alliance come again, only this time to Ethereum Classic? You have to wonder what partnerships have been cooking up we're not aware of yet. Trust in Ethereum has eroded for many. That's not to say it's not a decent and groundbreaking project, but as a pioneer they've had to fall forward quite a bit and you have Ethereum Classic quietly watching and learning from these mistakes. Security flaws for example that couldn't really be seen until people fall through them and hundreds of millions go missing.
When you're going to build your business on a blockchain, you want to know your contracts are absolutely secure. You want to know the best of the best are incentivised to look over everything and make sure there isn't a constant repeat of hacks and thefts like we have seen on ETH. This is what Callisto brings. Callisto also comes with an Ethereum Virtual Machine which will mean porting existing code written for Ethereum can get up and operating on Ethereum Classic. People are going to migrate to what is the most secure platform that has room to grow and has already solved the scaling issues.
Read the white paper and make up your own mind.
Something else to wet your pallette. IOHK who has brought us Cardano ($ADA) is also working on Ethereum Classic. I don't know what they have instore for us, but as of today is a $15bn network. Great trust has been created for holders and investors who get married to the successful coins they have held are going to buy CLO and ETC because of this. We expect to see some sort of cross pollination between these networks.
You are the prophet, the fortune teller, the time traveler, the wizard :)