Friends - today decided to abandon the reviews of ICO and slightly touch on the theme of hardfork and incidentally tell you about one wonderful crypto currency that is ready to take a high place in the crypto-currency world and bring in it a lot of positive moments. Meet Callisto Network - a decentralized crypto platform created by the developers of Ethereum Classic after the hardfork (side-chain) in the main network on March 5, 2018. All ETC holders were paid a CLO in a 1: 1 ratio. To date, Callisto Network (CLO) takes 481 place on the site coinmarketcap and costs about 0.02 $.

You've all probably heard such words as softfork and hardfork, but what do they mean and why are they needed?

Each network operates according to its rules and has certain parameters and often there is a need to make corrections and improvements to this network. At the same time, the network is rolled back to a certain block and re-writes the last blocks without changing the code - this is called softfork. Many inexperienced speculators try to track such softfork for profit by reselling tokens, but they probably do not fully know that most often when carrying out softfork, the price of tokens does not change.

With hardfork the situation is different - here you have to change the code of the system itself, make corrections and improvements. As a result, the network is divided into 2 parts and users need to choose which network to remain in. After the appearance of the 2 networks, there are several options for the development of the situation:

Both networks continue to exist and develop independently of each other;
one of the networks ceases to work, since the bulk of users are transferred to another network;
Both networks stop functioning and go to a dead end.
If to say in simple words, then without these changes there would not be a full-fledged development of the Crypto-currency. Everything would be in the initial stage of the bitcoin creation times and we would now be satisfied with 7 transactions per second, which could not fully satisfy the needs of the entire crypto-currency community. At the beginning of the appearance of bitcoin, when there were not many users who made transactions, this number of transactions was quite enough and the price was acceptable, and when the number of network participants began to increase, there were obvious problems and delays in the network, the price for transactions began to grow and arose an urgent need to improve the network - it was hardfork. Most often, when carrying out hardfork, there is a free distribution of future tokens and these cases are of interest to both speculators and holders of the tokens themselves.

Callisto Network
Why did it become necessary to create Callisto? To understand this issue, it is necessary to trace the entire initial chain of the ETH network. As you know, in 2016, the venture capital fund DAO for the Ethereum network appeared, with the help of which the subsequent DAAPS of this network were to be financed. The main condition was that holders of DAO tokens could influence DAAPS and investors flowed the river. But hackers found a vulnerability in the system and withdrew about 50 million dollars from the fund. And here, among the community, disputes broke out, or hardfork or softfork was produced, or everything was left as is, eventually a hardfork was held and ETC appeared, offering better smart contracts and network security.

In turn, Callisto Network being a hardfork or more precisely a side-chain (separate blockchain, having a two-way communication with the main blockchain and the ability to directly exchange assets and transfer them within a common system), ETC offers an increase in the scalability of the ETC network and the introduction of the protocol cold stacking. In this case, Callisto will have its own blockchain, integrated with the blockchain Ethereum Classic. All changes introduced in Callisto can be transferred to ETC, so the balance and confident development of both systems will be achieved.

Increase in scalability - crypto-currencies have scalability problems that are transformed into transaction delays and an increase in their cost. Bitcoin Cash is trying to solve this problem by increasing the block size, Ethereum Classic team decided to create a side-chain Callisto to solve this problem. Since the Callisto and Ethereum Classic blockchains are interconnected, one of the networks can be used as a test, in this case Callisto.

Cold stacking is a POS mining option for coin holders. Unlike POS ETING, where only the wealthiest coin holders can benefit from Callisto, anyone can begin to increase their capital using cold stacking. The ETC command using cold stacking can solve the problem of the lack of a mechanism that stimulates to keep coins and not sell them.

Cold stacking features:

anyone can start using this service;
there is no need to raise a node (a copy of the network that holds a complete copy of the blockchain) and constantly check the transactions;
The minimum period for holding coins is 1 month;
each network member has the right to submit proposals and vote on existing proposals;
the reward system depends on the number of participants in the network, the more participants - the less reward each of them.
Callisto also has the option of normal POW mining using the Ethash algorithm. At the moment, you can use a lot of pools, you can see which you can on the official website. (https://callisto.network) The reward of the miners for each block found is 600 CLO of which 30% is collected by the coin makers as a commission.

The Future of Callisto
The development team is very active in developing and implementing its platform and setting high standards for itself. So in the near future will be implemented many changes and new functions, among which:

the formation of the Callisto Solidity security department is one of the priority tasks for the further development of the system;
Decentralized storage of Callisto IPFS-host-nodes files - data storage will be realized similarly to EOS;
creation of the DAO security code and Callisto cold stacking.
The team also decided to change the road map and refuse some changes:

the development of a mobile wallet is no longer a priority;
the experimental implementation of SWARM has also been removed from the road map, as there are some unsolvable problems;
the implementation study of the sidechain is replaced by interchain research;
The swap channels are replaced with interchain operability, which is able to solve the problem of interchain interactions more effectively.

Conclusion
As you can see, the ETC team went its own way to solve the scalability problems and lack of a mechanism to stimulate long-term holders of its network and created a side-chain Callisto, which already shows excellent results. Time will show which of the blockchains all the same will be more perfect and adapted to the current realities. Cold stacking can have a decisive impact on increasing the popularity of Callisto for both ordinary users and all other stakeholders, including miners and speculators. To date, this scheme of work looks promising and promising. We can only wait.

Official site - https://callisto.network

Bitcointalk ANN - https://bitcointalk.org/index.php?topic=3137301.0

Telegram - https://t.me/CallistoNet

Author: https://bitcointalk.org/index.php?action=profile;u=1636278