Ethereum Classic Magneto Upgrade Announcement

Published on: 12.06.2021

Ethereum Classic is in the news today after they announced the Magneto network upgrade.

The upgrade dubbed Magneto will take place at block 13,189,133 and will implement ECIP-1103. It will also include #Ethereum Berlin upgrade features, as per the announcement.

To ensure a successful fork, they asked #ETC consumers to upgrade their node software to a Magneto compatible version if they have not done so already. If they are not operating nodes or services, but use #ETC through other services, then check with that service to ensure they’re supporting the Magneto hard fork.

What is Ethereum Classic?
Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications are ran exactly as programmed without the possibility of censorship, downtime, or third-party interference.

What is Magneto?
Ethereum Classic is undergoing a network upgrade code-named Magneto, and specified in ECIP-1103. Magneto is inclusive of the #Ethereum Berlin upgrade which contains a series of EIPs optimizing gas and transactions which have implied security enhancements important for the network.

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