Ethereum Classic Fork to be Executed Next Week
Main page News, Ethereum

An Ethereum Classic (ETC/USD) fork will be executed next week, reported.

The Ethereum Classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘Callisto’ (CLO) in a ratio of 1:1 The block after which this fork would be executed is 5500000.

“The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.

Callisto developers are of the opinion that they would be able to improve smart contract security with the help of their tokens.

“Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart-contracts to achieve this goal,” the developers say.

Ethereum Classic was itself created after a hard fork in Ethereum (ETH/USD) at block 1,920,000. The earlier fork was executed in order to bail out the investors who had lost around $ 150 million. Many of the cryptocurrency investors still believe that Ethereum Classic is the real cryptocurrency rather than Ethereum.

The ETC Snapshot Follows the Recent Birth of the Litecoin Cash Network, which came to life on February 20.

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