What is Callisto Network Project?

The first ETC sidechain launch and side-coin distribution project from Ethereum Classic Team
19 February 2018   1697

Ethereum Classic team shared information on the first ETC sidechain launch and side-coin distribution project - Callisto.

The main goal of Callisto network 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 (ordinary network users).
 

Ethereum Classic Team

Despitee the fact that Callisto is not a hardfork, it has one of the main features of hardfork -  the initial stake of CLO coins will be distributed between current ETC holders. 

We will make a snapshot of ETC blockchain at block 5500000 (approximately 5 March, 2018. This depends on ETC block time and ETC hashrate changes). Then we implement the initial balance of each ETC holder in the Callisto network genesis block, so each ETC owner will receive CLO coins automatically in a 1:1 ratio to the amount of ETC that he had at block 5500000.
 

Ethereum Classic Team

These are the issues, that will be solved by this project:

  • There is no incentive for coin holders to continue to own coins which is important for "store of value" currencies.
  • Interest and influence in the network are not balanced. The balance is strongly biased towards the miners.
  • Lack of governance system. Cold staking protocol could serve as an intermediate step for governance system implementation.
  • Lack of a specialized testnet for Callisto and ETC chains. If Ethereum will introduce any breaking changes then there will be no viable testnet for ETC chain. Morden testnet is very old and require syncing and mining a test block to start testing contracts on it which is not suitable in most cases.

As mentioned above, release is planned to be approx. 5 March 2018

BTC.com to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   722

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.