Ethereum Classic expressed, why exactly is Ethereum Classic Sha-3 more environmentally friendly? 1. Certified, open-source, and well documented cheaper 2. More compact and performant on how (embedded use cases) 3. A Sha-3 miner can give back ~200 GPUs back to video gamers.
Top 2 cryptocurrencies are PoW with Ethereum intentionally inefficient, unlike Bitcoin. The EthereumClassic PoW blockchain will have more environmental sense than both Bitcoin and Ethereum if the PoW algorithm is upgraded to Sha-3.
Community Discussions were like: Is there any plans for DeFi and NFT in the future? The sha-3 proposal was rejected by the community. You mean you want to vote again, right?
So this means ETC can’t be mined by GPU once it upgraded to kecckak256? Keccak256 is very cool. Right? It’s supposed to work with both somehow, but for now all I see is CPU options.
Ethereum Classic development teams are working in preparation for the Magneto network upgrade. Magneto will be inclusive of the Ethereum Berlin upgrade features.
ETC dev teams met on ETC Call 17 to discuss the Magento upgrade and concluded to move the Magneto proposal described in ECIP-1103 to last-call status. ECIP-1103 has graduated last-call to accepted status and they have a schedule in place.
The community are preparing for the Ethereum Classic Magneto hard-fork upgrade expected at block 13_189_133, estimated July 21st.
The series of EIPs optimizing gas and transactions which have implied security enhancements is considered important for the network.
For clarity, a hard fork is a change to the underlying Ethereum Classic protocol, which creates new rules to improve the system. The protocol changes are activated at a specific block number. All Ethereum Classic clients need to upgrade, otherwise, they will be stuck on an incompatible chain following the old rules.
Meanwhile Bob Summerwill tweeted: PSA: Ethereum Classic Magneto HF Activation Mainnet Block 13189133; July 7th Lets ensure a successful ETC network upgrade. Update nodes to a “Magneto-ready” version. – Hyperledger Besu > v21.1.7 – Core Geth > v1.12.2 – Mantis TBD.
In response someone asked: Is it July 7th or July 21st, like the blog post says? Calculating the time difference between the current block height and the Magneto activation block (based on avg block time of ~13s) is about 36-37 days, which would be around July 21st.
The clarification was: It’s July 21, a pretty important mistake for those who didn’t read the details of the post. Please fix it. I think there’s a bit of confusion here: It’s the 21st, not the 7th.
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