Einsteinium EMC2: Hard Fork
Algo Change Update
The Coding effort to switch Einsteinium EMC2 algorithm from Scrypt to Ethash is done and the development team is doing final testing before releasing the code.
This is a major update, not only to the code and to the wallet, but also to the mining community. Therefore, in order to make a smooth and secure transition, the deployment will go in two phases:
Creation and release on Live Test Net – this means new coin in 1:1 ratio At some point in Q3 of 2018 EMC2 will fork into a new chain which will represent a live test net. The new chain will implement the new Algo. Funds are secured for listing the new chain on Cryptopia. All Einsteinians will get new coins in 1:1 ratio to EMC2 holding You are welcome to join our Telegram and recommend the name for the new chain As EMC2 is growing and gaining value, further plans are for all changes as well as platforms and application integrations to be implemented on the test net first.
Main net switch - Once the test net is up and running for 2 months with enough hash, EMC2 main net will announce switch on to the main net. This means that all holders and exchanges will have to update the wallet.
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.