Tuesday, November 27, 2018

Ethereum Classic: What is Emerald Platform?

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Hi there,

ETC is largely compatible with Ethereum-based developer tools but we've got a few tricks of our own. Today we'll briefly review Emerald Platform which addresses one of the largest problems developers have with blockchains: their tools feel antiquated. Most developers are accustomed to having tools that make their lives easy, but programming on blockchains today feels like coding in the 90s.

Emerald Platform provides programmers with multiple integrated tools:

  • Pre-built UI components to streamline creation of beautiful applications

  • A wallet to create and broadcast transactions; end users can also use this

  • A block explorer to see the results of what they create and deploy

  • The ability to quickly run their own network and test code (called a testnet)

For regular users this means that over the next few years you'll get more and more slick, secure, easy-to-use applications that just work. You might even be using ETC and benefiting from its principles without knowing it.

Check out these links to learn more about Emerald Platform:

Developer Documentation
ETCDEV Team Blog

Thanks again for choosing to keep up with ETC.

Until next time,

~Anthony Lusardi
Director, US | Ethereum Classic Cooperative
@pyskell

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"Crypto winter" / Paraguay mining operation on track / Nasdaq to list bitcoin futures

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$BTC (12:45 p.m. EST): $3,726.92 (-1.83%) // 90-day high: $7,382.19 // 90-day low: $3,604.14 / / More

$BCH ABC (12:45 p.m. EST): $174.12 (-3.87%) // 90-day high: $703.41// 90-day low: $157.32 // More

$ETH (12:45 p.m. EST): $106.27 (-2.50%) // 90-day high: $365.71 // 90-day low: $98.42 // More

$LTC (12:45 p.m. EST): $29.63 (-0.30%) // 90-day high: $74.80 // 90-day low: $27.23 // More

$XRP (12:45 p.m. EST): $0.348 (-2.21%) // 90-day high: $0.61 // 90-day low: $0.26 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Bitcoin's price bounced back up Monday after a 14-month low, but investors are generally bearish and will likely continue to be through "crypto winter." While some have suggested that it's "a foregone conclusion" that bitcoin's continued drop in price will only continue through the last day of the month on Friday, there is some cause of hope. After falling to $3,474 on Sunday, the price briefly bounced back up 15 percent at one point on Monday, though that may have just been a "dead cat bounce." If the price continues to sink through the week, BTC could do something it hasn't done since October 2014: decline in price for four consecutive months. One analyst suggests the price will oscillate between $3,000 and $5,000 for three to six months. – CCN

Bitcoin's price recovers slightly
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2. Rumors of a bitcoin mining "death spiral" have been greatly exaggerated, says a bitcoin entrepreneur. As BTC expert Matt Odell writes on Twitter, the difficulty adjustment means that as miners shut off their equipment, this only increases the profitability for those miners who remain. As prices of crypto-currency drop, planned major mining projects like the Commons Foundation's Golden Goose project in Paraguay have been rumored by commentators to be in trouble due to ever-decreasing profitability. But the Commons Foundation issued a release saying they are guaranteed 15 years of clean power from the Paraguayan government, and they're still building "the world's largest cryptocurrency mining center and global exchange." – BITCOINIST

Expert: Bitcoin mining will remain profitable
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3. The Nasdaq is still going ahead with its plans to list bitcoin futures on the exchange in 2019. In a sign that institutional investors remain confident in the future of crypto, sources tell Bloomberg that Nasdaq Inc. is moving forward, and the Nasdaq futures "will be based off the bitcoin's price on numerous spot exchanges, as compiled by VanEck Associates Corp." New York Stock Exchange parent company Intercontinental Exchange (ICE) is also planning to list bitcoin futures on its Bakkt platform starting in January, as previously announced. – BLOOMBERG

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4. A number of bitcoin wallets appear to have been compromised due to the injection of malware in BitPay's open-source wallet, Copay. The incident is being tracked on Github, and it involves "a Node.js module called event-stream" that is used in millions of web applications, including Copay. With two million weekly downloads by programmers, the compromised NPM module could have gone far and wide, and the malware is set to steal bitcoin where it's installed. The issue has since been patched, but all engineers are being put on high alert. – CCN

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5. A lawsuit was filed last week in California against crypto mining giant Bitmain accusing the company of mining cryptocurrency for its own benefit on its customers' devices. – COINTELEGRAPH

6. Crypto investor Anthony Pompliano echoed some other analysts saying that despite its volatility, bitcoin and other cryptocurrencies remain "the best performing asset class over the past ten years." – COINTELEGRAPH

7. As crypto markets plummet, bitcoin's dominance over five other major currencies has only increased. – FORBES

8. Ethereum co-founder Vitalik Buterin suggests that IBM and other big corporations' forays into blockchain have been misguided. – NEWS BTC

9. Three hackers were arrested on Monday in Bulgaria on suspicion of the theft of $3 million in cryptocurrency. – COINTELEGRAPH

10. We learned yesterday that Ohio is accepting bitcoin for tax payments, but NBC News would like you know you can also buy wine and fix your car with it now. – NBC NEWS

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Written and curated by Jay Barmann, who also edits Inside Social and Inside Beer, and spent three and a half years as Editor in Chief of SFist.com, the San Francisco branch of Gothamist. As a freelance writer he has also written for SF Weekly, 7x7, Curbed SF, Eater SF, New York Magazine, and San Francisco Magazine, among others, and in his spare time he edits the blog OpeningNightSF. Follow him on Instagram at @conflator or Twitter at @jaybarmann.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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