- Agharta hard fork around January 15 will make Ethereum compatible with Ethereum Classic
Ethereum Classic will undergo the Agharta hard fork at block 9.573 million which should occur around 15 January. After that, Ethereum Classic will become compatible with Ethereum via including features from the Ethereum Constantinople hard fork.
Ethereum Classic split off from Ethereum in 2016 following the USD 50 million Ethereum Decentralized Autonomous Organization (DAO) hack. Ethereum decided to undo the hack via a hard fork, but the Ethereum Classic community stayed on the old chain in order to preserve immutability. Since then Ethereum has become the #2 cryptocurrency with a market cap of USD 13.7 billion, while Ethereum Classic trails by far with a market cap of only USD 0.5 billion.
It is believed that making Ethereum Classic compatible with Ethereum will accelerate the development of decentralized applications (Dapps) and smart contracts by allowing Ethereum Classic to use technology that has already been developed for Ethereum. Also, this compatibility will help bring the Ethereum and Ethereum Classic communities back together.
The market has viewed this news as positive, with Ethereum Classic rallying 11% within 24 hours of the announcement.
Image Courtesy: Pixabay
The post Ethereum Classic Compatible with Ethereum in Mid-January appeared first on BitcoinNews.com.