After the successful implementation of MESS, the purpose algorithm that provides 51% protection, we continue to see Ethereum Classic innovate and grow in a way that stands out and increases functionality for its users.
SAN FRANCISCO (PRWEB)
November 23, 2020
Ethereum Classic Labs (ETC Labs) and its ETC Core developer team announced today that Ethereum Classic (ETC) will undergo a network update called “Thanos” (ECIP 1099), following a community consensus, which is estimated to take place. on November 29, 2020. Thanos’ hard fork marks an important milestone for ETC as the network continues to drive innovations that will support existing miners and attract new ones, while continuing to maintain compatibility with Ethereum (ETH).
“After the successful implementation of MESS, the purpose algorithm that provides 51% protection, we continue to see Ethereum Classic innovate and grow in a way that stands out and increases functionality for its users,” said James Wo, founder and president of Ethereum Classic Labs. “Thanos’ hard fork is the natural next step for the network, reducing the size of the DAG to help cultivate a more distributed and healthier mining ecosystem, increase the hash rate and allow miners to continue mining ETCs and new ones. miners to join the ecosystem. ”
The Mordor Testnet has successfully implemented the Thanos update and now the ETC Core development team is preparing for Mainnet activation. Thanos’s hard fork schedule is as follows, although the estimated dates are subject to change as the network approaches activation lockout.
- Activation of Mordor Testnet at block 2,520,000, successfully activated on October 18, 2020
- Activation of Ethereum Classic Mainnet at block 11,700,000, or around November 29, 2020
To ensure a successful fork, consumers are advised to upgrade their node software to a fork compatible version if they have not already done so to Core-geth v1.11.16 or later. A full Thanos rigid fork tracking dashboard is available here. The Thanos hard fork follows the successful Phoenix, Atlantis and Agharta hard forks over the past year.
For media inquiries, please contact Kili Wall at (310) 260-7901 or [email protected].
DISCLAIMER: This is an emerging and evolving highly technical space. If you choose to implement the advice in this post and continue to participate, you should make sure you understand how it affects you. You should understand that there are risks involved including but not limited to risks such as unexpected bugs. By choosing to implement these recommendations, you alone take the risks of the consequences. This post and recommendations do not constitute a sale of any kind and do not create any warranties of any kind, including but not limited to those relating to the Ethereum Classic network or the Ethereum Classic clients referenced in this document.
About Ethereum Classic Labs (ETC Labs):
Ethereum Classic Labs (ETC Labs) is the main proponent of the Ethereum Classic blockchain, a public blockchain with a market capitalization of $ 1.5 billion. Working with ETC Core’s development team, ETC Labs builds and maintains key applications, solutions and tools to ensure a secure and thriving Ethereum Classic ecosystem. Through its acceleration program, ETC Labs invests in projects and initiatives that foster financial inclusion, women’s participation in technology, and wildlife conservation. As part of these social impact efforts, ETC Labs is issuing grants to promote research and development in terms of scalability, storage, interoperability and adoption in the broader blockchain economy. For more information, visit http://www.etclabs.org.
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