{"id":45158,"date":"2021-06-29T12:47:20","date_gmt":"2021-06-29T09:47:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45158"},"modified":"2025-08-31T20:25:40","modified_gmt":"2025-08-31T17:25:40","slug":"ethereum-classic-adopts-ethereum-mainnet-solutions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-classic-adopts-ethereum-mainnet-solutions\/","title":{"rendered":"Ethereum Classic adopts Ethereum mainnet solutions"},"content":{"rendered":"<p>With the upcoming Magneto upgrade, the Ethereum Classic (ETC) blockchain will implement four <span data-descr=\"Ethereum Improvement Proposal (EIP), proposal to improve Ethereum\" class=\"old_tooltip\">EIPs<\/span> that were implemented during the Berlin hard fork on the Ethereum mainnet, the second-largest cryptocurrency by market capitalization.<\/p>\n<p>According to Stevan Lohja, the Mantis client\u2019s developer relations manager, the network cannot ignore innovation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/EthereumClassic?src=hash&#038;ref_src=twsrc%5Etfw\">#EthereumClassic<\/a> has to innovate from <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> 1.0 to prevent it from ending up in a Python 2 or Angular 1 scenario. An <a href=\"https:\/\/twitter.com\/hashtag\/ETC?src=hash&#038;ref_src=twsrc%5Etfw\">#ETC<\/a> Treasury fixes this.<\/p>\n<p>\u2014 Stevan Lohja (@stevanlohja) <a href=\"https:\/\/twitter.com\/stevanlohja\/status\/1409570160906747912?ref_src=twsrc%5Etfw\">June 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Ethereum Classic must implement Ethereum 1.0 innovations to avoid repeating Python 2 or Angular 1 scenarios. The ETC Treasury solves this problem,&#8221; Lohja wrote.<\/p>\n<\/blockquote>\n<p>On April 15, 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/berlin-hard-fork-completed-on-ethereum-network-reports-fault\">a hard fork in Ethereum<\/a> was carried out, through which four Ethereum Improvement Proposals were implemented. They changed the gas-cost calculation algorithms (EIP-2565 and EIP-2929) and introduced new types of transactions (EIP-2930 and EIP-2718).<\/p>\n<p>On June 10, 2021, Ethereum Classic developers <a href=\"https:\/\/medium.com\/@stevan.blog\/ethereum-classic-magneto-upgrade-announcement-aa48d9606b71\">announced<\/a> the Magneto upgrade, which includes the above-mentioned proposals.<\/p>\n<p>Testing of Magneto began on the Morder and Kotti test networks on June 2 and 9 respectively. In the mainnet, the hard fork was scheduled to activate on July 21, 2021.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;To carry out a successful fork, we ask ETC users to update the software of their nodes to a Magneto-compatible version if they have not done so yet. If you do not run nodes or services but use ETC through third-party apps, please check whether they support Magneto,&#8221; Lohja said.<\/p>\n<\/blockquote>\n<p>Over the last 24 hours, Ethereum Classic&#8217;s price rose by almost 17%, according to CoinGecko. This allowed the asset to move to 21st place by market capitalization, at $6.3 billion.<\/p>\n<p>At the time of writing, Ethereum Classic was trading at $49.5. This is well below the May peak, when the asset&#8217;s price exceeded $107.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/etc-7-1024x502.png\" alt=\"\u0412 Ethereum Classic \u0438\u043c\u043f\u043b\u0435\u043c\u0435\u043d\u0442\u0438\u0440\u0443\u044e\u0442 \u0440\u0435\u0448\u0435\u043d\u0438\u044f \u00ab\u043c\u0430\u0442\u0435\u0440\u0438\u043d\u0441\u043a\u043e\u0439\u00bb \u0441\u0435\u0442\u0438\" class=\"wp-image-140579\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/etc-7-1024x502.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/etc-7-300x147.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/etc-7-768x377.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/etc-7-1536x754.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/etc-7.png 1828w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly ETC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/chart\/00O1pBoT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The decision by <a href=\"https:\/\/u1f987.com\/en\/news\/digital-currency-group-to-buy-up-to-50-million-worth-of-grayscale-ethereum-classic-trust-shares\">Barry Silbert&#8217;s Digital Currency Group<\/a> to allocate up to $50 million to purchase shares of the Grayscale Ethereum Classic Trust could have affected ETC quotes.<\/p>\n<p>As of June 28, assets worth $519.4 million are under its management. For comparison: the funds in Grayscale Ethereum Trust are valued at $6.36 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">06\/28\/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n<p>Total AUM: $30.1 billion<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BCH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BCH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEN<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XLM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XLM<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BAT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BAT<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24MANA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MANA<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24FIL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FIL<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LPT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LPT<\/a> <a href=\"https:\/\/t.co\/8pDtdMYuTk\">pic.twitter.com\/8pDtdMYuTk<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1409610518810312711?ref_src=twsrc%5Etfw\">June 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In December 2020, <a href=\"https:\/\/u1f987.com\/en\/news\/thanos-hard-fork-activated-on-the-ethereum-classic-network\">the Ethereum Classic network<\/a> carried out the Thanos hard fork to bolster security after <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-classic-hit-by-another-51-attack\">a series of 51% attacks<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the upcoming Magneto upgrade, Ethereum Classic will implement four Ethereum Improvement Proposals (EIPs) that were deployed during the Berlin hard fork on the Ethereum mainnet, the second-largest cryptocurrency by market cap.<\/p>\n","protected":false},"author":1,"featured_media":45159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[476,268],"class_list":["post-45158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum-classic","tag-hardfork"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45158"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45158\/revisions"}],"predecessor-version":[{"id":45160,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45158\/revisions\/45160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45159"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}