Ethereum Classic Claims Successful Network Upgrade

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Ethereum classic claims successful network upgrade after having removed its “difficulty bomb”, reported Coindesk on May 30.

According to available network information and statements from developers working on the project, the successful blockchain fork happened at block 5,900,000.

It is difficult to know exactly the percentage of how many nodes updated their software because of a lack of available tools, but developers involved in the project expressed that the majority of them and mining pools updated their software before the fork.

There was not any disturbance or bugs in the hours following the network upgrade. The main goal of this successful blockchain fork is to reduce the time required to create a new block.

This move will increase the distance between ethereum blockchains and ethereum classic both technically and ideologically.

The ethereum classic community decided to continue using Proof-of-Work (PoW) claiming that it has the best way to resist to centralization while achieving consensus over block validation. On the other hand, the ethereum blockchains community has never changed its mindset concerning how to achieve consensus over block validation by staying committed to Proof-of-Stake (PoS).

 

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