There’s plenty of good news for Ethereum Classic (ETC) at the moment.
Not only will it soon list on Coinbase, the 5G-boom may boost its price even more.
One of the biggest buzzwords you’ll hear this year is 5G.
As smartphones and other digital devices get smarter and more numerous — and as the applications they run generate ever more data — the wireless network that connects them must change to keep pace.
That’s why telecommunications giants like Verizon, AT&T, and Sprint are racing to roll out the fifth generation of wireless network technology, says NBC News. It’ll help provide faster speed. In many cases, data transfer speeds could be up to 10x faster than 4G. That means faster transmission of images and videos.
We’ll see shorter delays, and increased connectivity, too.
Of the many things that will demand 5G-deployment is the Internet of Things (IoT), which is expected to connect up to 50 billion connected devices by 2020. Without 5G, though, IoT won’t be able to function the way it should.
Just days ago, Motorola announced the launch of its Moto Z34 phone, which will use Verizon’s 5G network.
So what does this have to do with cryptocurrency?
The connection can be found in the application of 5G and the Internet of Things (IoT).
According to The Crypto Globalist, “For IoT to work, it needs a continuous and smooth flow of data, and that’s exactly what 5G delivers. For instance, without a continuous and fast flow of data, it would be impossible for autonomous cars to function effectively. In essence, the 5G network is critical for the growth of IoT, a market that Ethereum Classic is aiming to revolutionize.”
We have to remember that machine-to-machine communication will best thrive in a decentralized environment. “Without scalability, blockchain would not work in IoT, and sidechains are a perfect solution to this problem. In essence, by building a sidechains network for IoT, Ethereum Classic ensures that machines not only communicate with each other, but in an environment where they can scale infinitely.”
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