Part 2: Overview of Ethereum Forks

Part 2: Overview of Ethereum Forks

This is the second part of the yesterday’s article on cryptocurrency forks. This article aims to fill readers in on the history of Ethereum hard forks before the Constantinople meeting, which is scheduled to take place today, August 31

Ethereum Constantinople

Ethereum Constantinople is an upcoming hard-fork of Ethereum. Constantinople is the second stage of the Metropolis upgrade. It seeks to reduce transaction fees and improve the overall efficiency of the Ethereum network. Constantinople will introduce four EIPs (Ethereum Improvement Proposals) which will reorganize the way how block hashes are stored and increase the speed of arithmetic in EVM (Ethereum Virtual Machine). The Ethereum Constantinople devs meeting is to take place on August 31 at 14:00 UTC.

Ethereum Classic (ETC)

Ethereum Classic (ETC) forked from Ethereum in July 2016. Ethereum Classic was born as the result of a major attack on the DAO, a failed blockchain rendition of a venture capital fund. Due to a combination of vulnerabilities, the attacker was able to siphon $50 million worth of ethers. To repair the damage, Ethereum forked reverting fraudulent transactions. A relatively large part of the community however did not agree with the decision and stuck with the old chain, hence Ethereum Classic. It is one of the more popular forks with an hourly average of 2,000 transactions.

EtherZero (ETZ)

EtherZero (ETZ) is another fork of Ethereum activated in January 2018. EtherZero is promoted as a zero-fee instant-pay smart-contract platform utilizing a masternode system. Despite that, the fork is far from seeing any recognition from the community with the 24-hour trading volume of measly $156.

EthereumFog (ETF)

EthereumFog (ETF) is yet another minor Ethereum fork which split from the main chain in December 2017. Based in China, EthereumFog markets itself as a fog-computing platform which fixes the problem of scalability and is dedicated to building business partnerships. EthereumFog market is largely unpopulated with $372 worth of transactions in past 24 hours.

Ethereum Modification (EMO)

Ethereum Modification (EMO) hard-forked from Ethereum main chain in December 2017. EMO’s features include the template contact, a separate accounts model, and natural fork, as the core concept of the fork. EMO’s official github page and social media accounts do not seem to have much content.

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