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Not so long ago, the e-Chat team (e-Chat is a blockchain-based messenger) took up the matter with their investors of should they launch Ethereum network fork or not? If not, they keep up according to the roadmap of e-Chat development. Why did such a question even arose? Why have forks become so popular nowadays? The changes e-Chat is facing in case the fork finally happens are discussed in this post.
The meaning of the word ‘fork’ is “when developers take a copy of source code from one software package and start independent development on it, creating a distinct and separate piece of software”. This is quite a common practice when free and open-source software is developed. It’s more than enough to have a look at Linux or Unix, projects that are not connected with the Blockchain technology, to understand that multiple forks we are witnessing right now are only the beginning.
Anyway, in case the cryptocurrency fork takes place other features worth mentioning are on the way. In case the group launching the fork builds the right marketing line and the community is truly engaged with the benefits the fork is providing, the fork receives massive capitalization and obtains a huge amount of users. According to Coinmarketcap data, the TOP-20 coins have 4 forkcoins among them: Gold, Ethereum Classic, Litecoin, Bitcoin Cash. Their common capitalization exceeds $40 bln. One must admit that it’s not bad for minor alterations of the open source software.
That’s the path e-Chat team has chosen. Aggressive marketing policy and a strong team are the two features that differ e-Chat startup from hundreds of others. Moreover, the project is actively supported by dozens of celebrities: ranging from American travel-bloggers (Jay Alvarrez) to the Russian presidency candidate (Xenia Sobchak)! Their appreciation fuels confidence that the fork will be supported by numerous exchange platforms, cryptowallets, and other services. If this happens, the fork will obtain hordes of followers and the coin price will rise. Anyway, the investors will surely benefit from the fork.
Apart from setting marketing goals, the team has prepared a number of technical alterations that will be implemented due to the creation of their own network instead of using ERC20 token standard. Decentralized messaging platform e-Chat has the following features:
• Increased transaction speed
• Ability to create your own tokens based on e-Chat platform with only two clicks
• Ability to create decentralized apps based on e-Chat ecosystem
The company underlines: “Our users are giving us the directions for development and this is how it should be! That’s why we initiated the poll. If our community votes for the changes, we will make the fork come true!”
At the moment, e-Chat has launched a vote among investors in order to determine the further development path of the project, the team will change the concept in case if majority of investors vote for the fork.
Right now e-Chat is entering its 4th Stage of their 3rd Round of ICO that will last until February 8, 2018. The price for 1 ECHT during this time is $1.27.
Please, join the official chat to discuss pros and cons of the plausible fork: https://t.me/ico_eChat
Visit the official website of the project to get to know e-Chat latest news.