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.

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    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.

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