Ethereum Classic updated its network protocol
The platform was formed after Ethereum branched off from the original block chain in 2016 due to disagreements on how to handle attacks on a DAO
According to ETC Block Explorer data, Ethereum Classic (ETC) has successfully implemented a protocol update that will ensure that mining remains viable in the future.
The new implementation, nicknamed ECIP-1041, has eliminated the so-called “Difficulties Bomb” characteristic of the ETC network in block 5,900,000. The bomb was a component of the original Ethereum (ETH) code that was designed to exponentially increase the difficulty of mining to the point where it would become impractically slow, which would trigger the need to transition to a consensus Test Participation algorithm ( PoS).
Ethereum Classic was formed after Ethereum branched off from the original block chain in 2016 because of disagreements about how to handle attacks on a DAO.
Once Ethereum moves to PoS, the ETC network (which reportedly has no plans to transition to PoS) could potentially hope to inherit a significant portion of the hashpower dedicated to ETH in its current form.
Recently, a Brazilian researcher estimated that it could take only US$ 55 million to make profits of US $ 1 billion, arguing that the PoW algorithm of the network was more vulnerable to attack than 51% of what was previously assumed.
N. Moncada
Source: CoinTelegraph
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