Welcome my dear friends. Today I want to introduce you to a promising project.Callisto is the glue that primarily aims to help scale ETC and to bring the Protocol to "cold stack". In the article "Incorporating blockchain innovations with tethered side chains", circa 2014, Adam Back et al., Where we first heard about side chains, according to the article, the main purpose of such networks is to allow unloading of computations from another chain, this will allow the watchdog to follow its own rules as well as to be able to interact with the main chain.
The Callisto announcement is big news for fans and developers of Ethereum classic, the network will run alongside the main Ethereum network, with its own set of rules and its security supported by The classic Ethereum consensus algorithm. The main purpose of Callisto - to solve the problems of scalability of the classical mesh Ethereum, relieving the computation of its main shop in its network, freeing network bandwidth Ethereum Classic Main.
Callisto will have its own CLO coin that will stimulate the Callisto ecosystem.
About Callisto
Security of Smart-Contract ecosystem
Thanks to the improved internetwork service in both networks, we will be able to see Callisto smart contracts on the ETC chain and Vice versa. This potentially groundbreaking material, Callisto will be able to improve network security through the Ethereum community's smart contract audit, which will be paid at the Protocol level (equivalent to Treasury Frank contracts).
Scalability of ETC and CLO networks
The development community block chain looking for new implementation solutions for solving scalability problems, and the side chain will solve this problem by off loading the calculations of the main chain, scalability problems were caused by a block confirmation on block chain, with the adoption of blockchain technology is more of a transaction block are requested every day, and the side chain will help to reduce these processes of computation by improving service in the firewall chains.
New improvements at the Protocol level
Callisto will allow CLO owners to put their tokens on their wallets with cold glasses to make that happen. Callisto will modify the classic Ethereum Protocol through the moonlight Protocol, where addresses are needed to block their coins in a "smart contract with the pool", which will receive 10% of the total coin emissions and distribute it between addresses involved in cold-plugging, proportional to their weight.
Callisto sidechain will also implement a chain management system for chain management and the introduction of changes in the block-chain, where the changes are coded in the Protocol, the block chain, the introduction of in-network management will bring several benefits, including decentralization forms of ecosystem management and fast processing time for consensus on proposed changes to the network.
Features Of Callisto
PoW algorithm: Dagger Hashimoto (Ethash)
Interval between blocks: ~ 15 sec.
Block reward: 600 CLO
100% compatible with Ethereum Virtual Machine
Maximum issue volume: 6 500 000 000 CLO
The initial distribution is CLO
Ethereum classic cardholders will be able to get CLO Tokens that will be distributed post-snapshot snapshot primary circuit Ethereum, which will occur when the classic block-Ethereum will be the key in the block 5500000, and each holder of the classic tokens, Ethereum will be allocated markers CLO in the ratio 1: 1.
Ethereum Commonwealth
Team Callisto heads Dekaron and Johan Graterol who are co-founders. Dexeran is the leader of The Ethereum community (one of the three ETC development teams) - a financially transparent development team that helps solve the classic Ethereum infrastructure and problems on the mainchain ecosystem.
Project objective
The main goal of the Callisto network is to increase the security of the entire cryptographic industry and smart contracts. Another goal of the Callisto network is to stimulate growth and adoption of Ethereum Classic as a community as well as a platform.
Therefore, we have the following important goals:
● Improve security of the crypto industry and smart contract development
platforms with an official audit team and a register of protected contracts.
● Research, definition and development of reference cold stack implementation
Protocol, built-in management system and self-financing mechanism.
● To explore the experimental scalability and megapackage interaction.
Coin is already traded on the stock exchanges v
You can learn more about the project by clicking on the link below:
https://callisto.network/
https://drive.google.com/file/d/18NsazbbcMwmas7TIZRbDslIfNCVeLgBY/view
https://twitter.com/CallistoSupport
https://www.facebook.com/callistonetwork/
https://bitcointalk.org/index.php?topic=3380156.0
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
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