Ethereum Classic to perform a hard fork

ECIP 1041 will be implemented in the coming ETC hard fork on May 29 to remove the Difficulty Bomb
24 May 2018   613

Ethereum Classic has announced to perform a hard fork on May 29. Difficulty Bomb is going to be addressed with the fork. The Difficulty Bomb is an artificial increase of mining difficulty of Ethereum blockchain. It was introduced to incentivize developers to migrate to Proof-of-Stake consensus algorithm. Initially, EIP-2 introduced it into Ethereum Homestead.

As Ethereum Classic Mainnet is not going to migrate to PoS in the near future, it was decided to remove the feature for good. The actual removal is a simple task, but being a part of consensus rules makes it to be a Hard Fork. All the existing ETC peer implementations need to be updated along with providing time to allow miners, exchanges and the likes to upgrade.

Thus the Hard Fork boundaries are as follows:

  • earliest block is 5,700,000 in April, 2018;
  • latest block is 6,100,000 in June, 2018.

Block 5,900,000 shall mark the start of the Hard Fork. At the moment of publication, Ethereum Classic market characteristics are as follows:

Average price 15.14 USD
Market cap 1,541,672,706 USD
Volume (24H) 188,177,000 USD

Emerald 1.0 Ethereum Classic Wallet Released

Version 1.0 of this ETC wallet contains a lot of cool new features
26 June 2018   348

The Ethereum Classic team presented the first full version of the Emerald (v 1.0) wallet.

From the previous alpha and beta versions, the new release features a number of new features. This includes, in particular, the transaction history, the calculation of the balance in the account in the currency, the notification of updates and the dialog box in the presence of network errors.

Emerald Wallet
Emerald Wallet

The launch of the mobile version of Emerald Wallet is scheduled for 2018. Check GitHub for more info.