Rigid Fork Prepares Ground For Ethereum's Second Big Start Ethereum Classic

Rigid Fork Prepares Ground For Ethereum's Second Big Start Ethereum Classic


The Trail partners, Ethereum and Ethereum Classic, will soon separate, highlighted by the success of the "Phoenix" hard fork on Sunday evening.

Executed in block 10,500,839 on May 31, the upstream incompatible network upgrade makes Ethereum Classic fully compatible with Ethereum . In other words, until the largest blockchain exchanges its consensus algorithm in a network overhaul known as Eth 2.0 - tentatively scheduled for the third quarter of 2020.

The hard fork represents a major departure for Ethereum Classic, which sticks to Proof-of-Work (PoW) while its sister chain switches to Proof-of-Stake (PoS) and sharding.

In some respects, the PoS / PoW separation reflects the fundamental disagreement that led to the creation of Ethereum Classic. Competing interpretations of an infamous hack 2016 have    forced a hard fork controversy that divided a developer camp in two. Since then, Ethereum Classic has largely caught up with Ethereum , which has the largest network of developers. 

But now Ethereum Classic sticks to its proven track record, said ETC Labs CEO Terry Culver in an interview.

"We are comfortable with the operation of [PoW]," he said. "Over time, we can meet its challenges."

Phoenix itself represents the third hard fork run on Ethereum Classic in the past calendar year, preceded by Agharta and Atlantis, which has also increased interoperability between the two chains. The hard Sunday fork integrated proposals for improvement of Ethereum (EIP) of the last hard fork of Ethereum , Istanbul, carried out in December 2019. 

Istanbul has changed gas constraints, added protections against denial of service (DoS) attacks and created interoperability options with equihash blockchains such as Zcash . Among these updates, the developers of Ethereum Classic have mainly focused on resolving various gas constraints as part of the Ethereum Classic (ECIP) 1088 improvement proposal .

In Ethereum and Ethereum Classic, the gas constraints are adjusted from time to time according to the needs of the network. Denominated in the “gwei” sub-unit, gas is a fee paid to the network for the execution of a user's transactions

Composability

Instead of following in the footsteps of Ethereum , Ethereum Classic will now be a close neighbor.

Cross-channel composability, said Culver, puts the ETC community in a “position to spur innovation”. To this end, ETC Labs is leading projects on stateless clients and decentralized storage - "universal challenges that everyone faces," he added.

Technical updates on the existing Ethereum will continue. Called Eth 1.x, the PoW-based Ethereum chain will roll out uncontroversial hard forks - including one in late summer known as "Berlin" - until it bridges with Eth 2.0 . This date is however years on the horizon. Culver said the Ethereum Classic community will likely adopt these measures if necessary to maintain interoperability.

In a directional sense , Ethereum Classic will act as a base layer within the overall ecosystem of Ethereum itself, similar to the development of modern computing, said the executive director of the ETC cooperative , Bob Summerwill.

Ethereum and Ethereum Classic would live side by side - and would therefore support similar offerings, such as corporate blockchain tools or decentralized finance (DeFi) applications - but ETC would offer a tested mechanism to support these applications with PoW.

“You had Unix, then you had Linux, and then you had iOS and all these different families of operating systems and associated kernels,” said Summerwill in an interview. "I think it's likely that you're going to have something quite similar on the Ethereum side - that you're going to have many Ethereum flavored solutions compatible to varying degrees."

With this in mind, Summerwill sees the need for an alternative, or many alternatives, to the Eth 2.0 scalability solution centered on PoS and sharding, a database efficiency technique. Those who have been involved in Ethereum the longest know that you should not put too many "tokens" in one basket, he said. 

In addition, Summerwill has stated that most dapps will likely want to run on a second layer of the Ethereum or Ethereum Classic blockchains . Ethereum Classic can be a hotbed for dapps as long as it can implement scaling techniques such as ZK rollups or optimistic rollups, he said.

“The base layer model we know works is the proof of work. You may never be able to extend that Layer 1, but that may be fine, ”said Summerwill.

Composability

Instead of following in the footsteps of Ethereum , Ethereum Classic will now be a close neighbor.

Cross-channel composability, said Culver, puts the ETC community in a “position to spur innovation”. To this end, ETC Labs is leading projects on stateless clients and decentralized storage - "universal challenges that everyone faces," he added.

Technical updates on the existing Ethereum will continue. Called Eth 1.x, the PoW-based Ethereum chain will roll out uncontroversial hard forks - including one in late summer known as "Berlin" - until it bridges with Eth 2.0 . This date is however years on the horizon. Culver said the Ethereum Classic community will likely adopt these measures if necessary to maintain interoperability.

In a directional sense , Ethereum Classic will act as a base layer within the overall ecosystem of Ethereum itself, similar to the development of modern computing, said the executive director of the ETC cooperative , Bob Summerwill.

Ethereum and Ethereum Classic would live side by side - and would therefore support similar offerings, such as corporate blockchain tools or decentralized finance (DeFi) applications - but ETC would offer a tested mechanism to support these applications with PoW.

“You had Unix, then you had Linux, and then you had iOS and all these different families of operating systems and associated kernels,” said Summerwill in an interview. "I think it's likely that you're going to have something quite similar on the Ethereum side - that you're going to have many Ethereum flavored solutions compatible to varying degrees."

With this in mind, Summerwill sees the need for an alternative, or many alternatives, to the Eth 2.0 scalability solution centered on PoS and sharding, a database efficiency technique. Those who have been involved in Ethereum the longest know that you should not put too many "tokens" in one basket, he said. 

In addition, Summerwill has stated that most dapps will likely want to run on a second layer of the Ethereum or Ethereum Classic blockchains . Ethereum Classic can be a hotbed for dapps as long as it can implement scaling techniques such as ZK rollups or optimistic rollups, he said.

“The base layer model we know works is the proof of work. You may never be able to extend that Layer 1, but that may be fine, ”said Summerwill.

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