Ethereum Classic Had a Successful Hardfork

ETH

A blockchain cryptocurrency platform Ethereum Classic, functioning on open source, successfully implemented the long-planned hard fork.

A specially created code was presented on the original ETH base, which was divided into Ethereum Classic and Ethereum in 2016.

The update of the block 5 900 000 was successfully completed, according to the available network data and the statements of the developers who worked on the project.

Due to the lack of availability of the toolkit, difficulties arose in determining the percentage accuracy of the number of updated software nodes. Developers said that the vast majority of mining pools and exchange nodes had been updated software even before the hardcore itself.

Any negative consequences after the completion of the update were not detected. The main purpose of the update was to reduce the time it takes to create a block. This update best shows the ideological and technical difference between ETH and Ethereum Classic.

The community of Ethereum Classic, unlike Ethereum, does not seek to switch to the conson system, it actually seeks to continue practicing a scheme that proves the effectiveness of the work. The project participants state that the consensus when testing the unit assists centralization in the resistance. At the same time, lawyers note the constant need of equipment, blockchain in particular, in investments from miners.

The idea of ​​fork was first voiced in 2016. Due to the fact that the main concept was being developed for a long time, as a result, it was carried out without errors.

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