Ethereum Classic Successfully Forks, Improving Interoperability With Ethereum
Ethereum classic has successfully enacted a system-wide software upgrade as part of a bid to increase its interoperability with ethereum, the blockchain from which it originally split in 2016.
Dubbed “Atlantis,” the hard fork requires all software users to upgrade their clients in order to stay within the rules of the network. According to a release by ethereum classic startup Ethereum Classic Labs, 10 Ethereum Improvement Proposals (EIPs) were included in Atlantis to improve stability and performance and add opcodes, precompiled contracts, zk-SNARKs and enhanced security.
Previously slated for this summer, Atlantis was postponed over disagreements, particularly over EIP 170.
No single actor coordinated the hard fork. Rather, ETC Labs worked with Chainsafe System and ETC Cooperative, among other community members, on the hard fork.
As of earlier this week, some 60 percent of nodes and over 75 percent of hashing power had confirmed the upgrade. Major exchanges Coinbase, Poloniex, Binance, Bittrex, Kraken, Shapeshift and OKEx confirmed with ETC Labs that they have updated their software to support Atlantis.
Speaking with CoinDesk, ETC Lab’s president Terry Culver said Atlantis signals a desire to work ethereum. Many of Atlantis’ EIPs have been on ethereum for years and should allow for more crossover between the platforms, especially for dapps.
“The hard fork clearly shows we are committed to compatibly and working with ethereum,” Culver said. “What we would like to do is find ways to make the two chains support one another.”
Ethereum classic is 2016 hard fork of ethereum following The DAO, a hacked funding mechanism causing a rift in the cryptocurrencies community. While the projects remain separate, Culver told CoinDesk, they share many of the same goals.
While the hard fork was postponed, the process wasn’t contentious, Culver said, adding:
“We believe in the strength of the public blockchain. It’s really built on the strength for the community.”
Ethereum classic image via Shutterstock