Ethereum Classic Completes Atlantis Hard Fork

Ethereum Classic (ETC) has recently completed its planned software hard fork, dubbed as Atlantis. The hard fork requires all software users to upgrade their clients in order to stay in ETC blockchain.

10 Ethereum Improvement Proposals (EIPs) were introduced in Atlantis hardfork to improve stability and performance and add opcodes, State Tire Clearing, Contract Code Size Limits, precompiled contracts, zk-SNARKs and enhanced security.

As per the official blog announcement, the support for the Atlantis hard fork has been confirmed from the top mining pools. This makes more than 75 percent of the entire hash rate of the network. Things like ‘Ethermine, 2miners, Nanopool, F2pool, MiningPoolHub, CoMining, etc.’ are included in this 75 percent network hash rate.

The hard fork clearly shows we are committed to compatibly and working with ethereum. What we would like to do is find ways to make the two chains support one another.

Terry Culver, ETC Lab’s CEO

What is Ethereum Classic?

Ethereum Classic is the result of the hard fork of Ethereum and its currency, Ether, is traded as ETC rather than ETH. Due to the theft of 3.6 million Ether in the original Ethereum blockchain, a hard fork was required to return the stolen Ether with its original owners. However, some developers believed the blockchain should not have been altered and continued mining the original Ethereum which thereafter became known as Ethereum Classic. After a vote in July 2016 the fork occurred in October of that year. For all intents and purposes Ethereum Classic offers the same features of Ethereum. The projects diverge on a spectrum between anti-interventionist and interventionist ethoses.

Ethereum Classic ETC/BTC Price Chart