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- It is totally important for miners, wallet provider Dapp provider, and any other person who operates Ethereum classic to upgrade their nodes.
- Phoenix is going to upsurge the EVM capabilities on the ethereum classic platform.
- Phoenix hard fork included some major changes like call data gas cost reduction, repricing for trie-size dependant opcodes, etc.
Upgradation of Nodes
The Ethereum classic is experiencing a software update (Phoenix ECIP-1088). The network upgrade will be enacted at the block node 10500839. This is assessed to happen no later than June 1st, 2020. It is totally important for miners, wallet provider Dapp provider, and any other person who operates Ethereum classic to upgrade their nodes with Phoenix compatible release in the following 72 hours if they still haven’t done that so as far.
Phoenix is going to upsurge the EVM capabilities on the ethereum classic platform. On the other hand, Ethereum classic is also going to add several opcodes to the ETC network. Implementation of all of these in the ethereum network took place since the end of 2019. Previously ETC performed the two hard-fork (Atlantis and Agharta) for reaching out to the technical compatibility between ETH and ETC. Now phoenix is going to push both ETH and ETC to reach out max compatibility.
Phoenix hard fork included some major changes like call data gas cost reduction, rebalancing of net-metered SSTORE gas cost with the consideration of SLOAD gas cost change, repricing for trie-size dependant opcodes, reduction of alt_bn128 precompile gas cost, the addition of ChainID opcodes and addition of Blake2 compression function F precompile.
What is hardfork? Why do clients need to upgrade?
A hard fork is the set of rules for any underlying protocol to improve the system. Hard Fork targets changes activated at a specific block number only.
The updates on the performance of a hard fork in any specific block of any blockchain, affect the client and operators directly and indirectly. And, if the degradation of the system doesn’t take place after the release of the latest hard fork then the system will be stuck on an incompatible chain. It is going to follow the old rules then.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
