ETC has had a hard time introducing new enhancements aimed at increasing miner engagement and security. According to Blockscout’s ETC Explorer, the ETC core network reached a block height of 11,700,000 at around 3:45 UTC on Sunday, which automatically triggered the expected Thanos increase.
An Important Milestone
Terry Culver, CEO of ETCLabs, stated that Thanos plays a massive role in increased support for current miners while attracting new ones.
In particular, updating the Thanos protocol (ECIP-1099) resulted in a DAG (Directed Acyclic Graph) file size under 4 GB, meaning that 3 GB and 4 GB of GPUs could reenter the network.
It also doubles the length of the ETC or epoch extraction period from 30,000 to 60,000 blocks and slows down the increase in DAG size (which increases with each epoch). According to the ETC blog post, the implementation will support a 4GB GPU over the next three years.
The upgrade will let miners with 3GB and 4GB GPU systems continue, ultimately increasing network security and promoting a more distributed and healthier digging ecosystem, Culver said.
Before the upgrade, the DAG size was already close to 4 GB; therefore, had to extract some old GPU cards offline. The Thanos upgrade effectively reduces the DAG size from 3.94 GB to 2.47 GB per post.
According to Culver, more than 90% of existing miners have climbed to Thanos Junction. Besides, with the emergence of new miners on the Internet, the network hash rate has also increased significantly.
Thanos Hard Fork Goal
The Thanos hard fork aims to cut the DAG size in half so that a 4GB device can mine for an additional three years. The goal of the hard fork, largely, is to attract more hashing speed than Ethereum (ETH), which might ditch 4GB miners before the end of 2020 altogether.
ETC has seen a series of attacks, 51%, and is trying to make the network more resilient. MESS’s initiative is said to make blockchain reorganization considerably more expensive (although its effectiveness is questionable). MESS is the first step in protecting the network, miners, and exchanges, Culver said.
In addition, he stated that the next security measure stage had been completed successfully, with more miners critical to building a stable blockchain network. Thanos is also expanding and strengthening the mining ecosystem.
According to Hive OS statistics, around 24% of users still have 4GB cards, and only 2% of all devices get Ethereum Classic. Currently, the Ethereum Classic hashing rate is a little over 1% of Ethereum, so even a small percentage of Ethereum miners migrating to ETC would add a vast security amount.