The Ethereum Classic (ETC) Network is gearing up for its network upgrade on July 21. The upgrade, called Magneto, will take place at block 13,189,133.
Ethereum Berlin’s capabilities come to ETC with Magneto upgrade
According to the official announcement by the ETC team, the Magneto upgrade will include ECIP-1103 along with Ethereum’s Berlin upgrade.
The Berlin upgrade was launched on the Ethereum mainnet in late April. This upgrade created several Ethereum Improvement Proposals that optimized transaction fees and implemented security enhancements to the network. The four EIPs implemented during the Berlin upgrade will now also feature in Ethereum Classic.
The EIPs mentioned are as follows:
- EIP 2565 – Reduces the cost of pre-compiling ModExp (0x00..05).
- EIP 2929 – Increases transaction cost for SLOAD, *CALL, BALANCE, EXT* and SELFEDESTRUCT when used for the first time in a transaction.
- EIP 2718 – Introduces a new transaction type that provides easier support for multiple transaction types.
- EIP 2930 – Adds a transaction type that includes an access list, a list of addresses, and storage keys that the transaction plans to access.
As a result, ECIP 1103 will pave the way for all of the above Ethereum protocol upgrades to now be added to the Ethereum Classic (ETC) mainnet. ECIP 1103 will also provide maximum compatibility between the two networks.
Which blocks will be implemented in both testnet and major release?
The Ethereum Classic team also announced the blocks where these changes will be implemented in both the testnet and mainnet versions of the network.
Block 3,985,893 on Mordor Classic PoW-testnet, estimated date June 2, 2021.
Block 4,368,634 on Kotti Classic PoA-testnet, estimated date June 9, 2021.
Block 13,189,133 on the Ethereum Classic PoW mainnet, estimated date July 21, 2021.