![]() ![]() ![]() Following the tests are concluded, the Magneto fork will officially transpire. Furthermore, the beta testing on the ETC network’s Morder and Kotti testnets began on the 2nd of June and 9th June respectively. The main objective of these proposals is to improve the network’s security while simultaneously saving on gas fees. Dubbed “Magneto,” the upgrade in question will consist of four Ethereum Improvement Proposals that was first put into effect in Ethereum’s Berlin upgrade earlier this year. The ETC blockchain developers had recently announced a hard fork to implement the project’s latest version, which is slated for late July. The latest announcement comes ahead of a major upgrade in the Ethereum Classic ecosystem. He laid out IOHK’s first commitments in the immediate aftermath of the DAO fork and the birth of ETC.” Ethereum Classic upcoming hard fork “Charles needs little introduction within the ETC community, given his long-standing support for the ETC ecosystem all the way back to 2016. Ethereum Classic, on the other hand, slid back to 19th position on the leaderboard.įollowing Hoskinson’s comeback, ETCC stated, Since then, the latter has emerged as more robust than the original one. While Ethereum Classic came to be known as the original blockchain, and Ethereum went on to represent the new one. Subsequently, the original Ethereum blockchain was split in two. For the uninitiated, ETC was formed as a result of the $60-million hack of a project called “the DAO” that took place in the year 2016. Before founding the proof-of-stake based Cardano ecosystem, Hoskinson had co-founded Ethereum soon after which he later found his way to Ethereum Classic. ![]()
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