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Ethereum Classic is preparing to go through another hard fork, called Thanos.
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According to the developers, the hard fork will arrive around November 29th.
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The project founder calls it a natural next step for ETC, which will bring about numerous improvements.
Two Ethereum Classic (ETC) teams – Ethereum Classic Labs and ETC Core – announced a new hard fork yesterday, November 23. The fork will bring forth a new network update known as Thanos. The move came after reaching a community consensus and is expected to take place in a few days, November 29.
Ethereum Classic will allow for a new update, Thanos
Just as Ethereum moves towards the final launch of Ethereum 2.0, Ethereum Classic is preparing for its new update, Thanos. Thanos will actually represent an important milestone for the project. The ETC network aims to continue to drive innovation and support its existing miners, while also seeking to awaken interest in potential new miners.
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At the same time, Thanos will allow ETC to remain compatible with Ethereum.
ETC recently had major problems with 51% of attacks and implemented a purpose algorithm, MESS, to fix them recently. Now, the project is ready to continue to grow and stand out as the functionality increases for users.
Project president and founder James Wo also said Thanos will be the natural next step in the network, as it will reduce the size of the DAG and help cultivate a healthier and more distributed mining ecosystem.
Furthermore, it will help increase the hash rate, allow miners to continue mining and attract new miners to the ETC network.
Thanos has already been successfully deployed on the ETC testnet and is currently in preparation for Mainnet integration. It will be activated at block 11.7 million, which is expected to be resolved around November 29.
Another thing worth noting is that consumers are advised to upgrade the node software to a fork compatible version: Core-geth v1.11 or later.
