Daedalus Wallet Supports Ethereum Classic

Ethereum Classic team has announced that Daedalus Wallet v1.0 with Mantis, designed from scratch using the Scala programming language, is finally available
05 February 2018   602

Ethereum Classic team has announced that it was working on the Daedalus Mantis integration 1.0 release, and IOHK's digital wallet Daedalus has been finally integrated with Ethereum Classic’s command line client Mantis. Daedalus currently supports Cardano’s cryptocurrency Ada.

We’re demonstrating our dedication and commitment to the ETC community and high grade technology.
 

Alan McSherry

IOHK research and development company

Daedalus Wallet Features:

  • Available for ETC
  • Bugfixes implemented
  • CPU Mining
  • Useful for Private Networks
  • Bootstrap database with Mantis preloaded version of the chain

The product manager of Daedalus claimed that the wallet was initially built for Ada, but after the integration of ETC it has become a multi-asset wallet, and IOHK looks forward to adding support for more digital currencies in the near future.

At the moment of press, these are main market parameters of Ethereum Classic:

Average price: $18,18
Marketcap: $1 810 660 529 
24h volume: $144 122 000

Ethereum Classic to Remove the Difficulty Bomb via Fork

Difficulty Bomb will be removed from Ethereum Classic Mainnet at block 5,900,000 in order to avoid collapse of the network
04 April 2018   2194

Ethereum Classic, a continuation of the original Ethereum blockchain, is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

This ECIP new monetary policy of Ethereum Classic proposes removing Difficulty Bomb from Ethereum Classic Mainnet at block 5,900,000 in order to avoid collapse of the network. The growing Difficulty Bomb above 20% of standard difficulty is dangerous, and the latest safe block to enable new hardfork would be 6,100,000 with 550Gh of extra difficulty. Although considering the hardfork boundaries proposed by Ethereum Classic developers, block 5,900,000 was chosen for the hardfork.

Ethereum Classic fork infoEthereum Classic fork info

Block 5,900,000 is expected in May 2018 and will require 137Gh of additional difficulty. It’s an optimal block under current circumstances. It is worth noting that there will be no "free coins" with this fork, as it is a network improvement.

Implementaion:

if (block.number >= diffuse_block) {
    extra_difficulty = 0
} else {
    explosion = PREVIOUS_FORMULA
    extra_difficulty = int(2**explosion) 
}

block_diff = parent_diff 
      + parent_diff / 2048 * max(1 - (block_timestamp - parent_timestamp) / 10, -99) 
      + extra_difficulty

At the moment of press, these are main market parameters of Ethereum Classic:

  • Average price: $13,94 
  • Marketcap: $1 406 839 671
  • 24h volume: $99 729 900