The ETC latest classic hard fork dubbed Thanos is inevitably scheduled for November 29th, after suffering a few 51% attacks as of late. In today’s Ethereum classic news, we are reading more about the team’s decision for the hard fork.
Less than two months after the network upgrade, Ethereum Classic will undergo a new hard fork on November 29th dubbed Thanos. The ETC latest hard fork will boost security while maintaining compatibility with Ethereum. The ETC team will try and forget the summer of 2020 ever happened since, in the span of one month, the network was subject to three 51% attacks.
The core development team of Ethereum Classic, the ETC labs decided to counteract the security issues by implementing the Modified Exponential Subjective Scoring solution at the start of October. MESS went live on the Mordor Testnet after many stress tests and simulated attacks. The solution aimed to prevent attacks by making huge block reorganizations up to 31x more expensive and to remove any profit motives.
The ETC Cooperative and Cardano developer IOHK published a new report disputing the claims that the new update will provide “robust security” what’s even more, IOHK argued that there’s no guarantee that more attacks will not succeed. The latest response from the ETC developer team and ETC labs tapped the marvel Universe for its new hard fork- Thanos. The statement described the upgrade as a huge milestone for ETC “as the network continues to drive innovations that will support existing miners and attract new ones while continuing to maintain compatibility with Ethereum.”
According to the announcement, the Mordor Testnet activation occurred on block 2,520,000 on October 18th this year so the ETC mainnet activation is expected to take place at block 11,700,000 on November 29th. Consumers have to upgrade their nodes software to fork compatible version of the Core-geth v1.11.16 and to ensure the success of the hard fork. James Wo believes that the Thanos upgrade will boost security while helping ETC to “distinguish itself and increase functionality for the users”:
“The Thanos hard fork is the natural next step for the network, reducing the DAG size to help cultivate a more distributed and healthy mining ecosystem, increasing hash rate, and allowing miners to continue mining ETC and for new miners to join the ecosystem.”
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]