Ethereum Classic Completed its Atlantis Hard Fork

  • 16 September 2019, Monday, 08:10

Today, one of the major blockchains, Ethereum Classic (ETC), hard forked at block height 8,772,000 as scheduled, implementing new upgrades to the blockchain.

As a reminder, Ethereum Classic was created after a hard fork of the original Ethereum blockchain in 2016. This Atlantis update adopts Ethereum’s Byzantium and Spurious Dragon protocol upgrades on ETC.

This major upgrade is a way to increase the functionality and stability of ETC, which suffered a 51% attack back in January. Another goal is to increase the interoperability with the Ethereum blockchain, so to promote collaboration between the two blockchains.

Prior to the hard fork, the ETC official website urged people to update their nodes if they were running any.

Ethereum Classic Community is Ready for the Atlantis Hard Fork https://t.co/sUuwJK6JXE

— Ethereum Classic (@eth_classic) September 12, 2019

At pixel time (15:18 UTC), the 17th coin by market capitalization trades at c. USD 6.33 and is up by almost 1% in the past 24 hours, but is down by 9% in the past week, trimming its monthly gains to less than 9%.

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ETC price chart:

As Cryptonews.com previously reported, this hard fork is actually a part of a series of upcoming upgrades, which also include Agharta and Atzlán. The former may be projected for the end of 2019, and the latter for 2020. Donald McIntyre, developer from ETCDEV team, said that these updates are done “to make ETC compatible with ETH, to minimize costs for developers building dapps on both systems”.

The results of Atlantis fork will be reviewed at the ETC Summit, scheduled for the beginning of October, but also ETC's current status and future are going to be discussed.

In the meantime, exchanges such as Coinbase, Poloniex, Binance, Bittrex, Kraken, Shapeshift, and OKEx are updated for support and compatibility for the Atlantis hard fork.

Source: cryptonews.com