Ethereum Classic successfully implements Atlantis hard fork

The team behind Ethereum Classic (ETC) has activated the Atlantis hard fork, aimed at improving the functionality of the altcoin and its compatibility with Ethereum (ETH).

Ethereum Classic (ETC) is the team that forked off from the original Ethereum (ETH) after The DAO incident in 2016. At that time, Ethereum ETH suffered a significant loss of Ether due to a hack on The DAO, leading to a divided community. One side wanted to backtrack the chain to recover the stolen funds, while the other believed that it violated the immutability principle of Ethereum. As a result, ETH underwent a hard fork to create a different chain, while ETC remained on the original chain.

The news of this upgrade was announced by ETC's Director of Developer Relations, Yaz Khoury, in a Twitter post on 9/12, stating:

Congratulations @eth_classic for successfully activating the Atlantis Hardfork! This was one of the longest debates reaching consensus on a significant immutability political decision and a lot has been learned about decentralization and distributed community.

ETC successfully executed the Atlantis hard fork at block height 8,772,000 within the estimated timeframe of 9/12 to 9/13. According to a previous report, ETC Labs mentioned in June:

The community has had multiple meetings to discuss timing, scope, and involvement, and it has been decided on the direction and timing for the Atlantis release.

This hard fork aims to enhance security while taking into consideration community concerns. It is also seen as a non-contentious upgrade that will ensure ETC's compatibility with Ethereum, making it easier to collaborate with sibling blockchains.

As of earlier this week, approximately 60% of nodes and over 75% of hash power have confirmed the upgrade. Major exchanges Coinbase, Poloniex, Binance, Bittrex, Kraken, Shapeshift, and OKEx have confirmed that they have updated their software to support Atlantis.

ETC Labs CEO concluded:

Atlantis symbolizes a desire to work with Ethereum, and the hard fork clearly shows our commitment to interoperability and collaboration with Ethereum. What we are looking to do is find a way for both chains to support each other.

Further Reading

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