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The third fork of Ethereum Classic (ETC) has been successfully completed

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The third fork of the blockchain Ethereum Classic (ETC) It has taken place, as announced by the team on Twitter.

The fork occurred in the block 10500839 and led to an integration of characteristics of Istanbul that had originally been developed for Ethereum (ETH) in late 2019.

This is the third fork in just one year after Atlantis and Agharta. This one is called Phoenix.

These forks are consistent with the development and agenda that the Ethereum Classic team had set for itself to bridge the gap between ETH and ETC at various points.

By looking at the data, it is clear that more than half of customers are ready, while the rest are still syncing.

Meanwhile, when it comes to exchanges, many are already poised for this update, with the exception of the less popular and Kraken platforms, for which there is currently no information on the update. Most mining groups are still in the process of updating, as are the various wallets.

The fork has followed the ECIP-1088, and has mainly seen an improvement on the gas side:

  • EIP-152: Add Blake2 F Precompile Compression Function
  • EIP-1108: Reduce precompilation gas costs alt_bn128
  • EIP-1344: Add ChainID opcode
  • EIP-1884: Prices for Trie Size-dependent Operation Codes
  • EIP-2028: Calldata gas cost reduction
  • EIP-2200: rebalancing the SSTORE gas cost measured by the grid with consideration of the SLOAD gas cost change

It goes without saying that users will also have to upgrade and use fork-ready systems to avoid problems, especially since some platforms no longer provide support like Parity Ethereum and Multi-geth.





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