Ethereum Classic releases Mantis client

Ethereum Classic developers has announced the release of Mantis client beta version
Diana Ugay's picture
Diana Ugay
10 August

Grothendieck Team from IOHK has announced the release of Mantis beta version - an Ethereum Classic based client with a command line interface built specifically for the Ethereum Classic community.

According to the developers, there are several reasons for the Mantis development:

  1. IOHK wants to demonstrate that it has the technical competency and culture to be a leader for the development of ETC.
  2. IOHK wants to dispel the myth that ETC is a “copy and paste” coin that uses other people’s code, and show that it is an independent and viable alternative to Ethereum.
  3. The client is built in Scala, which is a functional programming language that offers security guarantees that other languages do not.

There were four functional milestones the company has been working on:

  • Blockchain download
  • Transaction execution
  • Command and query interface
  • Mining integration

Among the main properties of the release, the developers note Mist Integration; its multi-platform (the client had been tested on recent versions of Linux - 16.02, Mac OS - El Capitan, Sierra, and Windows -10, 8); testnet and private chain support and documented client configuration.

The developers draw attention to the fact that as this is not yet production ready and has not been optimized for performance, anyone using the beta release of the Mantis client should be using it on a testnet only and not with actual funds.

Though Mantis is still considered as “beta” software and the developers warn against using it with real funds, this represents an important move forward for the currency as up until now Ethereum Classic hadn’t significantly differentiated itself from its parent, Ethereum. The Mantis release shows that Ethereum Classic’s developers are indeed hard at work on their project. As Ethereum Classic’s development begins to diverge from Ethereum’s, it’s clear that Ethereum Classic is no mere clone. 

The Mantis release

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.