Ethereum Classic Has Had Successful Blockchain Upgrade

Ethereum Classic Has Had Successful Blockchain Upgrade

Developed to improve and increase the mining complexity of its blockchain over time, the code was a feature of the original ethereum code base (which subsequently divided into ethereum classic and ethereum) in 2016. The successful network upgrade took place in the 5,900,000 block, in accordance with the accessible network data and the conclusions of the developers involved in the project.

While it is difficult to account for exact percentages in terms of how many nodes updated their software (owing to a lack of available tools), developers involved with the project told CoinDesk that most exchange nodes and mining pools reported updating their software well before the fork.

There were no signs of any harmful effects or errors in the hours immediately after the fork. It is expected that the update will reduce the time required to create the block.

Thus, the update puts both technical and ideological range among the ethereum classic and ethereum blockchain

Whereas the ethereum society stays committed to the transition to a consensus share confirmation system, the ethereum classic society has decided to continue to use the proof of work, as its members argue that of the various ways to achieve consensus on block verification, it is best opposed to centralization.

Consideration on the fork launched as early as 2016, and due to the comprehensive discussions, the upgrade was not expected to be controversial or complicated.

ETC is listed as the best coin according to CoinCheckup’s algorithmic score.

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