Ethereum Classic (ETC) System-Wide Atlantis Hard Fork A Success; Improving Stability And Performance

Ethereum Classic has effectively completed a system-wide upgrade of its software in an effort to enhance its interoperability with Ethereum, the blockchain platform from which it split from back in 2016.

The upgrade referred to as ‘Atlantis’ hard fork means that all the platform users will have to upgrade their customers so as to remain within the rules and guidelines of the network. According to a press release by the Ethereum Classic Labs, the startup behind the Ethereum Classic, there were 10 Ethereum improvement Proposals (EIPs) which were all taken care of by the Atlantis hard fork to enhance stability, performance, update opcodes, precompiled contracts, zk-SNARKs as well as enhance security, CoinDesk reports.

Afri Schoedon, the coordinator of hard fork congratulated everyone who was involved in the upgrade while the director in charge of developer relations, Yaz Khoury explained that the fork brought about long-lasting debates before consensus was reached saying that it was all worth for a strong network.

The Atlantis hard fork was slated to be executed before the end of summer but disagreements especially on EIP 170 led to postponement.

The hard fork was coordinated by ETC Labs in conjunction with community members such as Chainsafe System as well as ETC Cooperative. This means that there was no single actor that coordinated the hard fork.

CoinDesk reports that At the start of this week, about 60 percent of the nodes as well as approximately 75% of the hashing power had authenticated the upgrade. Various renowned crypto exchanges such as Coinbase, Binance, Kraken, Poloniex, Shapeshift as well as OKEx have indicated to ETC Labs they have updated their platforms in support of Atlantis.

According to ETC Lab’s head Terry Culver, the aim of Atlantis is to work closely with Ethereum saying that most of the EIPs added to Atlantis have been running on Ethereum for a while and this will make it easy for a crossover between the two platforms, moreso for dapps. Culver added that the hard fork was necessary to ensure the two platforms support each other.

Ethereum Classic originated in 2016 as an Ethereum hard fork after the DAO saga which was a hacked funding scheme which led to confusion in the crypto industry.

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.

Joseph Kibe
Joseph Kibe
Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

[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