Ethereum Classic ETC

Price
0.00143115 BTC
0.043655315 ETH
9.155283059 USD
Changes
1h +0.11%
24h -0.97%
7d -4.92%
Volume, 24h
19.4K BTC
591K ETH
124M USD
478

Hard Fork

45
Event added 4/15/2018 8:29:21 PM
May 2018
Hard fork Source
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Added by
sshum
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Ethereum Classic team is doing a hard fork in May 2018 to remove the difficulty bomb from the Ethereum Classic Mainnet at block 5,900,000. This is being done as, unlike Ethereum, the ETC team has no plans to migrate to PoS and that is why the Difficulty Bomb needs be removed to avoid collapse of the network. If the team does not removes it, the mining will become unprofitable by September 2018 so it is a wise move. Mining Difficulty grows exponentially every 100,000 blocks by factor of 2. It was paused by ECIP-1010 from block 3,000,000 to block 5,000,000.


With continued growth at the block 6,500,000, which is scheduled for September 2018, the mining of Ethereum Classic chain will become unprofitable.

In order to remove the formula that removes difficulty bomb, it is important to a hard fork. Block 5,900,000 expected at May 2018 and will require 137Gh of additional difficulty. It’s an optimal block under current circumstances.

For the geeks, this code will be used to implement the hard fork.

if (block.number >= diffuse_block) {
extra_difficulty = 0
} else {
explosion = PREVIOUS_FORMULA
extra_difficulty = int(2**explosion)
}

block_diff = parent_diff
+ parent_diff / 2048 * max(1 – (block_timestamp – parent_timestamp) / 10, -99)
+ extra_difficulty

What will happen with the cryptocurrency after the event?

Market Cap
970M USD
CMC Rank: 17
Coindar Social Index: 23
Own blockchain
Algorithm: Ethash
Proof type: PoW
Circulating supply: 106004333
Ethereum Classic is listed on EXX$94.4M OKEx$38.4M RightBTC$26.3M BitForex$21.5M ZB.COM$15.4M Coinbit$12.7M BCEX$10.8M Bibox$9.15M Coinsuper$7.33M ZBG$6.85M More
Near the exchange name you can see a Ethereum Classic volume for the last 24 hours
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