What will happen after ETC activates the Thanos hard fork?

Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Golden Finance

Golden Finance

, reprinted by Odaily with authorization.

According to ETCNodes data, the ETC mainnet reached the block height of 11,700,000 at 03:48 on November 29, and the Thanos hard fork upgrade has been activated. The upgrade was deployed through the Thanos (ECIP-1099) protocol, restoring mining privileges for 3GB and 4GB GPU miners.

On November 28, ETC rose short-term, breaking through $6.4, with an intraday increase of 7.82%. After the hard fork, ETC fell below the $6.3 mark, with an intraday drop of 2.08%.

Previously, Xu Kang, head of the ETC Asia-Pacific community, said that fundamentally speaking, the upgrade did not change the algorithm. This upgrade decided to double the Ethash epoch duration from 30,000 blocks to 60,000 blocks, effectively reducing the size of the DAG. This modified Ethash is also known as EtcHash. This will allow miners with 3GB and 4GB GPU systems to resume mining, increasing security and promoting a more decentralized and healthy mining ecosystem. However, from the perspective of the mining process, each manufacturer still needs to make some adjustments to the mining machine, and mining is still subject to the manufacturer.

Because ETC has encountered multiple 51% attacks, this has a great impact on mining pools and users. At present, graphics cards are the main force of ETC mining, and nearly 40% of the computing power comes from machines with less than 4G video memory. The congestion of the ETH network before the superposition and the sharp increase in revenue led to a sharp drop in ETC computing power. Before this upgrade, the community discussed many solutions, and the core is naturally to stabilize the basic disk of computing power.EthereumThe ECIP-1099 solution directly doubles the DAG size adjustment period from the original 30,000 to 60,000. Therefore, after the upgrade, the video memory required to mine ETC will drop significantly to more than 2G. Of course, it will still maintain annual growth after that, and it will take several years to reach 4G again. The fixed DAG size proposal proposed by the community was not adopted. It has been about a month since the DAG of ETH has reached 4G. At that time, there will be a lot of graphics card computing power that has not been upgraded with video memory and ASIC computing power that does not support video memory larger than 4G. It is necessary to find a suitable currency for mining. The computing power of ETC should usher in a great increase, and the existing miners need to pay more attention to this trend of the whole network.

From the perspective of the overall route of ETC, ETC is seeking its own innovation. Previously, Ethereum Classic clearly tweeted that ETC no longer follows the roadmap under Vitalik’s vision, and aims to learn from ETH1. It's time for ETC to bring some meaningful innovation to the Ethereum Classic network.

Xu Kang, head of ETC's Asia-Pacific region, also said that fundamentally speaking, ETC and ETH share the same bottom layer and some of the same infrastructure. Therefore, the development direction of some technologies should be consistent. ETC has done three hard fork upgrades since last year. These three hard fork upgrades are largely compatible with Ethereum technology. In terms of functions and features, as long as it is