Altcoins News

Story: Ethereum Classic (ETC) Magneto Hard Fork – It’s the 21st of July not the 7th July

By Steven Anderson

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Ethereum Classic expressed, why exactly is Ethereum Classic Sha-3 more environmentally friendly? 1. Certified, open-source, and well documented cheaper 2.

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Top 2 cryptocurrencies are PoW with Ethereum intentionally inefficient, unlike Bitcoin. The EthereumClassic PoW blockchain will have more environmental sense than both Bitcoin…

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Community Discussions were like:  Is there any plans for DeFi and NFT in the future?  The sha-3 proposal was rejected by the community.

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So this means ETC can’t be mined by GPU once it upgraded to kecckak256? Keccak256 is very cool. Right?

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Ethereum Classic development teams are working in preparation for the Magneto network upgrade. Magneto will be inclusive of the Ethereum Berlin upgrade features.

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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.

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The community are preparing for the Ethereum Classic Magneto hard-fork upgrade expected at block 13_189_133, estimated July 21st. 

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The series of EIPs optimizing gas and transactions which have implied security enhancements is considered important for the network. 

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For clarity, a hard fork is a change to the underlying Ethereum Classic protocol, which creates new rules to improve the system.

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Meanwhile Bob Summerwill tweeted: PSA: Ethereum Classic Magneto HF Activation Mainnet Block 13189133; July 7th Lets ensure a successful ETC network upgrade.

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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…

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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.

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