• Ethereum Classic (ETC) Magneto Hard Fork
• ETC Independence Day

ETC community member stated the whole market is crashing like hell. How could you expect that the price should go up? Look at the price of Ethereum Classic; it’s not going down as compared to other coins.

The community is expecting an eventful week ahead.  Ethereum Classic Independence Day, July 20th, and Magento HF will occur around July 21st. Update your ETC nodes ASAP so we can celebrate responsibly.  Not updating will result in your nodes following the old rules and missing needed security updates.

For clarity, MF refers to Magneto Hard Fork.  What is Magneto?  “Ethereum Classic is undergoing a network upgrade code-named Magneto, and it is specified in ECIP-1103. Magneto is inclusive of the Ethereum Berlin upgrade, which contains a series of EIPs optimizing gas and transactions which have implied security enhancements important for the network.”

It is important to establish and maintain interoperable behavior between Ethereum clients for developers and improved end-user adoption.  Thus, yielding benefits for all participating chains (e.g., ETH, ETC, Ropsten and Mordor, Görli and Kotti).

Immutability is important. None of the introduced new opcodes in the EVM has the potential to alter the behavior of already existing contracts.  In such a case, where previously an arbitrary invalid bytecode might have been deployed to the network, none of them might be able to modify the state of the Ethereum Classic networks retrospectively.  Also, adding opcodes to the EVM increases its functionality and should be considered a feature upgrade rather than a modification.

It has already been stated:  Adoption of the content of this ECIP requires a hard fork as it introduces changes that are not backward compatible.  The following clients with Ethereum Classic support implement the Berlin features currently and will be able to support the Magneto upgrade:  Core-Geth (maintained by ETC Core); Hyperledger Besu (maintained by ConsenSys)

The Mantis client (maintained by IOHK) plans to support the upgrade eventually but will not do so by the hard fork.

More ETC nodes are now updated for MagnetoHF, and pools making the majority hash-rate are ready. As a result, ETC is becoming the center of the conversation.

Community Response:  Now that the shady tokens are beginning to crumble, start loading upon them.  ETC updated security, just as I predicted. ETC is a relic, a resilience that can’t be matched. Simple. Let’s see what’s going on next.

If you’re not comfortable with CLI, then running ETC network nodes through a GUI experience is “EZ” mode for many!