ETHEREUM CLASSIC SUCCESSFULLY ACTIVATES ATLANTIS HARD FORK - PowerPoint PPT Presentation

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ETHEREUM CLASSIC SUCCESSFULLY ACTIVATES ATLANTIS HARD FORK

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Ethereum Director of Developer Relations, Yaz Khoury, announced in a Twitter post about Ethereum Classic (ETC) activating the Atlantis hard fork. This has been possible due to the efforts of the team behind Ethereum Classic, which aims at improving the functionality and compatibility of the altcoin with Ethereum. Khoury congratulated the project with the development, and stated, “Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics. Learned a lot about the beauty of decentralization and a distributed community.” – PowerPoint PPT presentation

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Title: ETHEREUM CLASSIC SUCCESSFULLY ACTIVATES ATLANTIS HARD FORK


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How Can Fresher Learn About Blockchain
  • Ethereum Director of Developer Relations, Yaz
    Khoury, announced in a Twitter post about
    Ethereum Classic (ETC) activating the Atlantis
    hard fork. This has been possible due to the
    efforts of the team behind Ethereum Classic,
    which aims at improving the functionality and
    compatibility of the altcoin with Ethereum.

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  • Khoury congratulated the project with the
    development, and stated, Congratulations
    _at_eth_classic on the successful activation of the
    Atlantis Hardfork! Was one of the longest debates
    to reach consensus along with a lot of the
    immutability politics. Learned a lot about the
    beauty of decentralization and a distributed
    community.

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  • Ethereum Classic has enacted a system-wide
    software upgrade as part of a bid for increasing
    the interoperability with Ethereum, the
    blockchain that split in 2016 from its codebase.
    Dubbed Atlantis, the hard fork will require all
    software users to upgrade their clients to stay
    within the rules of the network. According to a
    press report released by Ethereum Classic Labs,

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  • the startup of Ethereum, 10 Ethereum Improvement
    Proposals (EIPs) were included in Atlantis to
    improve performance and stability and to add
    opcodes, precompiled contracts, zK-SNARKs, and
    enhanced security. Terry Culver, the CEO of
    Ethereum Classic Labs, commented as follows

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  • The hard fork clearly shows we are committed to
    compatibly and working with ethereum. What we
    would like to do is find ways to make the two
    chains support one another.
  • Ethereum Classic is a public, blockchain-based,
    open-source distributed computing platform that
    features smart contractfunctionality.

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  • In June this year, the Ethereum Classic community
    announced that its Atlantis hard fork is in the
    testing stage. According to previous news
    reports, the update is scheduled for September
    this year. To bring about transparency in certain
    aspects of the upgrade, Ethereum Classic Labs had
    actively contributed to the Atlantis project by
    launching an Ether/ETC interoperability tool as
    part of the Metronome Validator Network software.

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  • As planned earlier, ETC has successfully
    performed the Atlantis hard fork in accordance
    with the previously estimated time- between 12
    and 13 September 2019- at a block height of
    8,772,000. As commented by ETC Labs in June to
    Coin telegraph, The community has had a number
    of meetings to discuss timing, scope, and
    involvement, and we have decided on the direction
    and timing of the Atlantis release.

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  • It was reported earlier in June that developers
    and contributors were considering to put the hard
    fork at block number 8.75 million, as they
    predicted that it would run on 15 September. But
    subsequently, Ethereum Classic Labs moved to
    increase the block number to have the projected
    update during the week when more involved parties
    would be present to discover and deal with any
    issues that may arise.

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  • This hard fork will improve security and will
    take the community concerns into account. It will
    be a no-rush update as it will ensure the
    compatibility of Ethereum Classic with Ethereum.
    This will simplify the interaction with sibling
    blockchains.

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  • Following its announcement about the hard fork,
    ETC has gained support from a wide array of
    industry players including OKEx, the Malta-based
    cryptocurrency exchange. The support of the
    exchanges was revealed on 10 September. There was
    also a warning that it will handle resume
    services and related technical issues after the
    ETC mainnet becomes stable. Recently, the
    cryptocurrency exchange Bitfinex announced that
    it would also extend its support to Atlantis.

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