Similar to the network and its last backwards as well as the incompatible upgrade in September, Atlantis, Agharta makes Ethereum Classic (ETC) more interoperable with the sister-chain Ethereum.
As part of the new hard fork, the Constantinople and St. Petersburg upgrades deployed in tandem on the ETH network last February will be enabled under Ethereum Classic Improvement Proposal (ECIP) 20156.
The 22nd largest cryptocurrency by market capitalization, Ethereum Classic successfully rised following the hard fork but still has a messy divorce foloowing the 2016 DAO hack. Ethereum Classic and the community members opted to not roll back the transactions enabling the DAO hacker to steal the funds. Meanwhile, the Ethereum soft-fork partially reclaimed the hacked funds.
Three years after the split, Ethereum Classic has engaged in efforts to rebuild the community and technical ties between the two chains, Atlantis and Agharta. These are the two measures towards this effort.
As reported by media outlets before in the Ethereum Classic news, ETC and Constantinople included four ETH improvement proposals (EIPs) and most code changes revolved around optimizations for developers, code edits for further scaling solutions and Ethereum’s economic policy.
Even though different chains with different visions are there, Ethereum Classic successfully rises. The only problem is that the altcoin is facing similar difficulties to Ethereum. According to the ETC Core executive director Bob Summerwill, ETC is showing signs of consolidation around select clients – and the full servers which process network requests – similarly to Ethereum.
“The client diversity problem on ETC is in the opposite direction [of ETH], with Parity-Ethereum dominating,” Summerwill said in the ethereum AllCoreDevs Gitter channel. “Geth Classic is being deprecated and won’t be supported after this pending fork, and it looks like most node operators are taking the advice and migrating off.”
At the time of writing, Ethereum Classic successfully operates with 252 Parity Ethereum clients, 167 Geth Classic, 80 Multi-Geth and 1 Besu for a total of 500 clients. The developers expect the Multi-Geth and Besu clients to fill the gap.
ETC Labs Core Rebrands To ETC Core, Clarifying Difference With ETC Labs
“Assuming all testnets are running smoothly or any needed configurations are made, then Agharta will proceed to Accepted status, and Final when activated on mainnet across clients.”In early September, the same team at ETC Labs Core activated the Atlantis hard fork which was aimed at improving the altcoin's functionality and compatibility with Ethereum (ETH). The ETC Director of Developer Relations Yaz Khoury also congratulated the project and the entire development, noting:
“Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.”Besides the ETC Labs Core update and rebranding, market news and updates show that Ethereum Classic (ETC) is now at $3.71 with a new 2.74% decrease overnight. The entire altcoin market is now vulnerable and may take new hits along with BTC which managed to visit the lower $6,000 region once again.
Ethereum Classic Successfully Implemented Its Atlantis Hard Fork
“Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.”As such, Ethereum Classic successfully performed the Atlantis hard fork in accordance with the previously estimated time - between September 12 and 13 this year - at block height 8,772,000. The ETC Labs team was also featured in the altcoin news this June for stating:
“The community has had a number of meetings to discuss timing, scope and involvement, and we have decided on the direction and timing of the Atlantis release.”The Ethereum Classic is meant to improve security while taking into account the community's concerns. It is also considered as a no-rush update which will ensure the compatibility of ETC with Ethereum, which will make it easier to collaborate with sibling blockchains.As many news sites reported in June, Ethereum Classic successfully planned on the entire hard fork. The developers and contributors considered putting the hard fork at block number 8.75 million, predicting it to run on September 15.However, ETC Labs moved to increase the block number so that it would have the projected update during the week, in times when more involved parties are more likely to be present to discover and deal with issues which may arise.Following the announcement, Ethereum Classic successfully launched the hard fork and received support from a lot of industry players. It seems like ETC Is in the focus of the coming altcoin news.Yesterday, the cryptocurrency trading platform Bitfinex announced that it will support Atlantis as well.
Ethereum Classic Is Better Than 96 Coins This Week: Up By 30%
- USD 1.6 billion on Coinmarketcap
- USD 1.35 billion on Coinpaprika
- USD 1.6 billion on Coingecko
- USD 601 million on Messari
“ETC Labs and North Block Capital will work together on creating comprehensive token sale initiatives for North Block Capital investments, clients and partners. As part of Studio, ETC Labs will provide technical support to create, launch and manage token sales as well as marketing expertise for promoting to the Asian market and creating liquidity through exchange listings in Asia,” according to the announcement shown on many best cryptocurrency news sites.As reported, it is very likely that many traders are positioning themselves in the coin ahead of the scheduled hard fork, which is expected to occur on September 13. Although the fork has been planned for a long time, events like these tend to draw the attention of traders and some of them are looking to turn profits ahead of the fork.
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