Ethereum Classic (ETC) Upcoming Hard Fork Atlantis Receives Support From OKEx Crypto Exchange
The Atlantis hard fork that is being implemented on Ethereum Classic (ETC) is imminent, and OKEx has announced its support for the hard fork. According to the official announcement about the hard fork, it is scheduled for execution between the 12th and the 13th of September when the network reaches 8,772,000 blocks.
Atlantis Hard Fork
Atlantis has been planned as an update for ETC and is designed to improve various parts of the network. The upgrade is described as a consistent, no rush network update which will improve ETC’s compatibility with the Ethereum network. Compatibility with Ethereum will help developers on ETC to easily collaborate with players on other Ethereum based networks.
When the hard fork is executed, Atlantis will be able to provide a wider range of interoperability functions which can then be applied between different blockchains. Scaling for off-chain projects will be made easier and this will help these projects to be adopted easily by their prospective users.
Atlantis’ proposal speaks about how it is essential to create interoperability between the various Ethereum users. Having this bridge will benefit both end-users and developers, and it will give all participating side chains some significant rewards. If the promises made by Atlantis come to be, it will give the Ethereum network a boost in its bid to achieve widespread adoption.
One of the biggest contributors to Atlantis, ETC Labs, said that there have been meetings between the Atlantis community and discussions about involvement, scope, and timing of the project were held. The participants in these meetings have agreed on the direction the hard fork will take and the timing of the execution of the hard fork. The Atlantis community and all other stakeholders involved in the project are moving forward in unison.
OKEx’s Support for Hard Fork and Instructions for Clients
The cryptocurrency exchange platform announced its support for the ETC hard fork through an official blog post. OkEx informed its clients that they have to make sure that they deposit their ETC into OKEx before the hard fork commences. OKEx itself will take care of all the technical aspects of the hard fork and any transfers that need to be made.
During the course of the hard fork, all deposits and withdrawals will be suspended. OKEx will resume all normal service after the ETC mainnet has stabilized. None of the ETC user accounts will be affected during the hard fork, and users will be able to access full functionality once everything has normalized.