ETC Developers Revealed Callisto Network Project Details

Ethereum Classic developers announced the Callisto Network Project which is a separate blockchain and is NOT the ETC hard fork; the project will result in a 1:1 CLO airdrop for ETC holders
15 January 2018   5258

The development team of Ethereum Classic has reported about developing the Callisto Network Project, the main goal of which is to research and provide a reference implementation of an experimental protocol changes that aim to establish a smart-contract based on-chain governance system, completely financially transparent built-in development funding mechanism and balance the interest in the network between the miners and coin holders.

It is possible to establish a core of any crosschain service at the Callisto network and use Callisto smart-contracts state on ETC chain and visa versa which allows to facilitate the bandwidth of ETC chain.
 

ETC January Dev Update

Moreover, it was reported that it would be possible to improve the scalability of both ETC and Callisto networks by using one as a sidechain.

Advantages of Callisto-TEST network

  • Proof of Authority consensys. High DDOS resistance
  • Zero install requirements to test your contracts at this testnet
  • No need to sync your node to test contracts at this testnet
  • Reduced block time for testing reasons which allows to execute contract calls and normal transactions faster

Ethereum Classic Charts January 2018Ethereum Classic Charts 

The price of Ethereum Classic surged following the news, having risen from $40 to $46, and the market capitalization of the coin increased from $4 billion to $4,6 within short period of time.

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

  • Average price: $42,65
  • Marketcap: $4 227 916 555
  • 24h volume: $853 022 000

BTC.com to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   762

Sponsored by the Chinese mining giant Bitmain, BTC.com mining pool expands its service by adding the ability to mine Ethereum and Ethereum Classic, CoinDesk reports.

BTC.com, which claims that its share accounted for 21% of all blocks of bitcoin mined last year, will add new functionality on its portal pool.btc.com. The service will allow the miners to switch their hash capacity from one pool to another, depending on what it seems most appropriate in a specific market environment.

According to the announcement, thus BTC.com wants to "help Ethereum to scale its mining infrastructure".

GPU miners are versatile, still profitable and are not easily replaced in a bear market. It's common for miners to split investment into both. Also, there are already ASIC miners for ethereum and ethereum classic which are easier to set up and are dedicated to ethash mining. This will save us from supporting a huge list of GPU coins simultaneously.
 

Zhong Zhuang

Bitman

Company note that the new pool will support the mining with video cards and CPUs, despite the fact that this year Bitmain released its own ASIC-miner, focused on the Ethereum.

In the future, BTC.com may launch other mining pools targeting "popular coins", such as Litecoin, ZCash and Monero, but Zhuang refrained from more specific applications. Before any decision is taken, the company needs to evaluate the network of the cryptocurrency, the quality of its code, the roadmap and the volume of trades, he explained.