Ethereum Classic set to undergo its third network upgrade in efforts to fully allow inter-blockchain compatibility with its sister-chain, Ethereum. According to the press release by lead developers, ETC Labs, the “Phoenix” upgrade will be activated at block number 10, 500, 839, expected to be mined around the start of next month.
The Ethereum community has had a quick and fast development start in 2020 with both forks – ETC and ETH – making major developmental steps in the first five months. The bigger blockchain, Ethereum completed its Istanbul hard fork earlier in the year and the community dev teams are working on launching the Phase 0 Ethereum 2.0 later in the year.
ETC Labs announces the third hard fork – Phoenix
Ethereum Classic’s third hard fork, Phoenix, follows previous improvements with the successful Atlantis and Agharta hard forks completed in September 2019 and January 2020. The hard fork aims at total inter-blockchain compatibility with Ethereum, “inclusive of the Ethereum Istanbul network protocol upgrades on the ETC network.”
Various Ethereum Classic test nets have successfully passed the Phoenix upgrade including the Mordor TestNet and Kotti TestNet. Now, the Ethereum Classic Mainnet system, led by the Core developers from ETC Labs, will undergo the hard fork on July, 3rd 2020 to successfully implement compatibility between the ETH and ETC blockchains.
Ethereum Classic’s latest upgrade is a testament to the recovery in Ethereum Classic, a blockchain once considered dead after the Ethereum chain forked from it. Terry Culver, CEO of ETC Labs said,
“This upgrade demonstrates the robust development underway on Ethereum Classic, as it is the third hard fork in the last year; and reflects the strong community consensus among ETC stakeholders.”
Upgrade your node clients
The post further urges users to update their systems to the latest node software to ensure a smooth and fast hard fork come June 3rd. The post reads,
“Phoenix hard fork is being implemented in the Core-geth, v1.11.0 or later and Hyperledger Besu, v1.4.1 or later versions.”
The new upgrade is set to provide a gateway for developers to easily collaborate make technical contributions to boost the innovation on both the Ethereum and Ethereum Classic platforms. James Wo, the founder and chairman of ETC Labs, said,
“This supports the founding mission of ETC Labs and reinforces our values of transparency, collaboration and accessibility for all.”