Topic: What do you know about ETC's Hard fork Phoenix (Read 121 times)

Today I would like to introduce to you some information about this Hardfork
1. Hardfork Phoenix will make ETC and ETH fully compatible

The team said that the network upgrade will enhance EVM capabilities thus allowing the Ethereum and Ethereum Classic networks to be fully compatible. The hard fork will include Ethereum Instanbul upgrades on the Ethereum Classic network.
“Phoenix will include upgrading of the Ethereum Istanbul network protocol on the Ethereum Classic network. With this update, various types of code will be added to Ethereum Classic, all of which have been used on Ethereum networks since the end of 2019. Phoenix will be developed on the basis of Atlantis and Agharta hard forks. previous success ”.

ETC Labs CEO Terry Culver explained the importance of upgrading the Ethereum Classic ecosystem.
"The upgrade also marks an important turning point for Ethereum Classic, as the community is now in a position to promote innovation, cooperation and new technical contributions to the ETC and ETH communities." In addition, all Ethereum Classic tests have successfully completed the Phoenix upgrade. The team is currently on the way to release the hard fork on the Mainnet. The schedule for hard fork is as follows: Mordor Testnet has been activated at block 999,983. This was done successfully on March 9.
Kotti Testnet was successfully activated on April 15 at block 2,200,013.
ETC Phoenix Mainnet activated at block 10,500,839. This is estimated to occur around June 3 of this year.

2. The effect on the price of ETC
As with all network upgrades, traders and cryptocurrency investors are aware of the potential of digital assets related to hard forks. In the case of Ethereum Classic, the Phoenix hard fork will occur at a time when Bitcoin is experiencing a market revival following the halving event. Therefore, in order for ETC to rise in price, people must keep an eye on Bitcoin's price action to know if the environment is suitable for Ethereum Classic to show the momentum of price increase during the period leading up to the hard fork in early June. is not.