On June 20, Ethereum Classic support representatives reported on the upcoming hardforkHardfork
– a fundamental change in the source code, incompatible with the old protocol and the used software.Details of the cryptocurrency. In September of this year, the asset expects a global network update, which analysts believe will lead to an increase in the price of the coin.
Ethereum Classic: Hardfork of the cryptocurrency
On September 17, there will be a massive update of the Ethereum Classic network. The update was named Atlantis. It will occur at ETC block #8,772,000. The press release of the future hadfork was published by the asset development service – ETC Labs. According to the press release, the team of Classic Geth Client and ChainSafe Systems engineers in collaboration with ECC, Parity, and IOHK are preparing the update.
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Now, Atlantis hardfork has entered a testing phase, during which any errors or problems that may be caused by merging the new code with the basic source code will be detected and corrected. Moreover, it was reported that implementing Atlantis, the development team intends to fulfill two key network priorities.
"(1) develop high-quality blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details software that preserves the security of the network; and (2) consider the opinions and concerns of the community." – Ethereum Classic Labs, Medium.
Ethereum Classic cryptocurrency is preparing for the upcoming hardfork. Let us remind you that in April of this year, the asset rapidly began to rise and restore the rate after the winter fall. Currently, the price of the coin is fixed above $8. The asset remains at 19th place in the TOP-100 cryptocurrencies rating in terms of capitalization.
Editor: Jerg Wos