Developers Ethereum commonwealth in January of this year, they announced the upcoming launch of the Callisto Network by publishing a White Paper. While some mistakenly refer to it as the Ethereum Classic hard fork, Callisto will be a new blockchain designed to test experimental protocols, network scalability and management solutions that developers can use to reward both miners and cryptocurrency holders.
The free distribution of tokens within the project will be held on 5 in March, holders of ETC will be able to get a new CLO cryptocurrency in the ratio 1: 1.
About Orchard
Callisto Network is a decentralized, open source platform based on Ethereum Classic.
Callisto Network will support the development and will facilitate the rapid adaptation of Ethereum Classic, not only as a platform, but also as a cryptocommunity. The project will be engaged in research, development and implementation of a self-sustaining, self-managing and self-financing blockchain ecosystem and an environment for developers in which they will work on the implementation of future protocols.
Callisto Network will solve one of the key problems existing in the work of smart contracts in Ethereum - the lack of tools to protect and ensure their security. The project will operate the Official Smart-contract Auditing Department of CLO & ETC (Official Smart-contract Auditing Department of CLO & ETC). Also, the Callisto network will run a cold stacking protocol that rewards CLO holders for participating in the development of the network.
Technical specifications
POW Algo: Dagger Hashimoto (Ethash)
Block interval: ~ 15sec
Block reward: 600 CLO (30% treasury fee)
100% compatible with Ethereum Virtual Machine
The maximum supply: 6,500,000,000 CLO.
Miners will receive 70% of the release of tokens, and 30% developers will take in the form of a commission (10% for the development of the project, and 20% for cold storage).
A snapshot of the Ethereum Classic blockchain will take place on the 5,500,000 block, approximately March 5. Each ETC holder will automatically receive a CLO cryptocurrency in the ratio of 1 to 1.
Wallets that support Callisto: ClassicEtherWallet, ClassicMask, MyEtherWallet.
Developers recommend tracking on the project page at GitHub, or follow the news of the exchange.