Ethereum Classic ETC: Magneto Hard Fork

Name: Magneto Hard Fork
Start: 2021-07-01T00:00:00Z
End: 2021-08-01T00:00:00Z

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Developers of the Ethereum Classic announced a hard fork to implement the project’s latest version, now scheduled for launch in late July.

Event date: July 2021 UTC

What is a hardfork?

The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.

In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.

Ethereum Classic
@eth_classic

Please prepare for the #EthereumClassic Magneto hard-fork upgrade expected at block 13_189_133, estimated July 21st. #Cryptocurrency #Crypto #ETC medium.com

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