Ethereum Classic Agharta Hard Fork Rolls Out In 36 Hours, Only 50% of ETC Nodes Ready

The Ethereum Classic hard fork is set to take place on January 12th, 2020 and has named it Agharta

The Agharta upgrade is slated for the Ethereum Classic (ETC) protocol, but it will not divide the chain or produce a new cryptocurrency. Agharta is only a standard upgrade for the ETC protocol, so all software will need to be updated by all node operators on or before January 12th, as it will no longer work after the upgrade.

ETC to Add ETH Constantinople Operating Codes

The network upgrade will be adding Ethereum (ETH) Constantinople fork’s operating code, CREATE2. CREATE2 allows the implementation of EIPs (145, 1014, 1052) to the ETC network that wasn’t possible to be used previously.

However, looking at ETCNodes, 50% of the nodes have updated yet. Node operators must upgrade in order to stay in consensus. As there are still an estimated 36 hours to go, operators still have time. The ETC Cooperative recommends using Hyperledger Besu installer.

Exchanges Are Already Showing Support For Agharta

As far as exchanges go, Coinbase, KuCoin, Huobi, and Bitflyer have announced they’re ready to support the Agharta update, with Binance announcing today that:

“Binance will support the upcoming ETC Agharta Network Upgrade. Deposits and withdrawals of ETC will be suspended starting from 2020/01/11 0:00 AM (UTC). Please note that trading of ETC will not be affected during the upgrade.”

Others that joined them were Bittrex, HitBTC, Bitfinex, and Bibox.

ETC Will Remain True to the PoW Consensus Protocol

James Wo, the founder of ETC Labs said ETC will remain true to the Proof-of-Work (PoW) consensus protocol and doesn’t have any plans to go Proof-of-Stake (PoS) like Ethereum (ETH) 2.0. According to Wo, PoW guarantees a 100% decentralized blockchain, as opposed to PoS, which renders the blockchain in a more centralized manner.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Oana Ularu
Oana Ularu
Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,478FansLike
2,795FollowersFollow
4,199FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

The Good and Bad of the Crypto Going Public

This week, big news came in the form of crypto businesses that are planning to go public either later this year or next year. Crypto...

US Secret Service Has Modernized Its Role in Tackling Financial Crimes in The Crypto Era

The role of the US Secret Service, whose purpose extends from protecting the US President Trump to protecting the US financial systems, has...

Bitcoin is in a ‘Consolidation Zone,' We’ll Move to $14,000 Once BTC Gets Above $10k: Mike Novogratz

Bitcoin is about system change, said Mike Novogratz, CEO of Galaxy Digital, in his latest interview with Barron’s Carleton English. While talking about the catalysts...

Volvo Invests In Blockchain Traceability Startup Circulor To Track Cobalt Supply Chain

Volvo Cars Tech Fund, a subsidiary of Volvo, announced its investment in blockchain traceability firm Circulor on July 8. The popular carmakers have used...

Blockchain Developer Platform Releases Alchemy Build, A Tool Suite for Faster Production

Alchemy, a blockchain startup, focuses on building developers' tools to help them become more productive and focus more on actual product development. The blockchain...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today