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 hardforum Ethereum Classic, Callisto will be the new bloccano designed for testing experimental protocols, network scale and management using which developers will be able to encourage both the miners and holders of the cryptocurrency.

Free distribution of tokens in the framework of the project will be held on March 5, holders ETC will be able to obtain a new cryptocurrency CLO in the ratio 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 engage in research, development and implementation of a self-sustaining, self-governing and self-financing blockchain ecosystem and environment for developers in which they will work to implement protocols of the future.

Callisto Network will solve one of the key problems existing in the work of smart contracts in Ethereum is the lack of tools to protect and ensure their safety. The project will work Official Department for the Audit 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 CLO (30% treasury fee)

100% compatible with Ethereum Virtual Machine

The maximum supply: 6,500,000,000 CLO.

The miners will receive 70% of the production tokens, and 30% of the developers will pick up in the form of a Commission (10% for project development, and 20% in cold storage).

The blockchain Ethereum Classic will be held on the block 5,500,000, approximately March 5. Each holder ETC will automatically receive cryptocurrency CLO in the ratio of 1 to 1.

Wallets that support Callisto: ClassicEtherWallet, ClassicMask, MyEtherWallet.

That will accrue if the exchange coin holders ETC, the developers recommend to keep track on the project page on GitHub, or follow the news exchange.