ETC forks into Ethereum Emerald

Ethereum Classic will undergo a hard fork into Ethereum Emerald on July 13 that features zero-tax fee and instant payments
19 May 2018   3372

The blockchain assets and and currency code for Ethereum Classic - Ethereum Emerald is to be forked on July 13. The roadmap for the whole Q3 2018 hints at zero-tax fee system and instant payments. The following features are expected to come along during the Q3:

  • Payment gateway;
  • Emerald wallet for mobile devices;
  • Desktop wallet.

The fork height is at 6100000th block. The coin market symbol is going to be ETE. The initial total supply is about 408 million ETE. On the launch date each and every ETC holder shall receive ETE with a 1:1 ratio for free. The mining algorithm stays the same as for the Ethereum - Ethash.

To learn more about the Ethereum Emerald, you can visit the official page here. At the moment of publication, the Ethereum Classic market parameters are as follows:

Average price USD 18.11
Market cap USD 1,842,494,547
Volume (24H) USD 166,148,000

Atlantis Ethereum Classic Hardfork Date Unveiled

It was agreed that the update will take place at block 8,772,000 and it should activate the changes that were proposed for the original ETH network in 2017
21 June 2019   734

During the videoconference on Thursday, June 20, Ethereum Classic developers came to an uneasy consensus on hardfork of a network called Atlantis, CoinDesk reports.

Despite certain differences, it was agreed that the update will take place at block 8,772,000. As expected, it will be found around 12:00 UTC on September 17 of this year.

In May, ETC developers disagreed on what improvements the upcoming hardfork should contain, but last Thursday they nevertheless found a consensus on the 10 proposals that should be included in the code of the future hardfork.

It is noteworthy that earlier in June, the developers agreed to launch Atlantis hardfork in the test network by the end of this month, while the launch of the code in the main network was to take place before the end of the summer.

However, a little earlier, Ethereum Classic Labs, the developer of the most popular client of the Classic Network Geth, insisted on activating hardfork on July 1. This decision was allegedly made under pressure from miners and exchanges based in Asia, which insisted on the fastest possible changes in the network.

At the beginning of the month about this was told by the Asian community manager Ethereum Classic Cooperative Christian Xu. However, a number of community representatives, including the founders of the research startup Gödel Labs Tang and Roy Zhou, accused Xu of falsifying such allegations.

We asked them about Atlantis. We got the normal ‘don’t care’ response. But several exchanges/miners also said that they’re not aware of this before. That makes me feel suspicious.

Tang Zou

Co-founder, Godel Labs

Passion was flared by the position of Ethereum Classic Labs and its CEO Terry Culver, who initially opposed the postponement of the hardfork to a later date.

I strongly disagree. We can’t subscribe to that schedule. We stick to the schedule that we originally agreed upon.

Terry Culver

CEO, Ethereum Classic Labs

Nevertheless, over the past few days, the position of Ethereum Classic Labs has changed towards a wider dialogue with the rest of the developer community. On Wednesday, the blog Ethereum Classic Labs posted an entry confirming these intentions and a new roadmap regarding hardfork.

The Atlantis update is paired with a slightly later upgrade called Agharta and should activate the changes that were formally proposed for the original Ethereum network in 2017. Their goal is to improve interoperability between the two blockchains and facilitate the migration of decentralized applications (dApps) from one network to another.