The developers of Ethereum Commonwealth in January this year announced the forthcoming launch of the Callisto Network, publishing a White Paper. Although some mistakenly call it the Ethereum Classic hard fork, Callisto will be a new blockchain designed to test experimental protocols, solutions to scale and manage the network, using which developers will be able to encourage both miners and cryptocurrency holders.
Free distribution of tokens within the project will be held on March 5, ETC holders will be able to get a new CLO cryptocurrency in the ratio of 1:1.
About the project
Callisto Network is a decentralized platform with open source, created based on Ethereum Classic.
Callisto Network will support the development and contribute to fast adoption of Ethereum Classic not only as platforms, but also as the crypto community. The project will explore, develop and implement a self-sustaining, self-managed and self-financing blockchain ecosystem and developer environment in which they will work to implement future protocols.
Callisto Network will solve one of the key problems existing in the operation of smart contracts in Ethereum-the lack of tools to protect and ensure their safety. The project will include the official audit Department of Smart Contracts for CLO and ETC (Official Smart-contract Auditing Department of CLO & ETC). Also Callisto will operate the Protocol of cold stacking, which awards holders of the CLO because they participate in the development of the network.
Technical parameters
POW Algo: Dagger Hashimoto (Ethash)
Block interval: ~15sec
Block reward: 600 hours (30% treasury fee)
100% compatible with Ethereum Virtual Machine
The maximum supply: 6,500,000,000 CLO.
Miners will receive 70% of the production of tokens, and 30% of the developers will take in the form of a Commission (10% for the development of the project, and 20% in a cold storage).
The blockchain Ethereum Classic will be held on the block 5,500,000, approximately March 5. Each ETC holder will automatically receive CLO cryptocurrency in a ratio of 1 to 1.
Wallets that support Callisto: ClassicEtherWallet, ClassicMask, MyEtherWallet.
On whether the exchange will charge coins holders ETC, the developers recommend to track on the project page on GitHub, or follow the news of the exchange.