The Callisto Network Project

So as everybody know by now Ethereum classic (ETC) is going to have airdrop of Callisto Network Project (CLO). It is first airdrop made by ETC. Ratio of Airdrop will be 1:1 and it will happened on block 5500000 (approximately on 5 march 2018). So i am bringing you some basic information so you don't need to looking for info nowhere anymore.

The Callisto network project is not a hard fork like many people are thinking. Callisto will be new blockchain, it is developed in order to test experimental protocols, possible scaling solution and set up a governance system which incentivises both miners and coin holders: " Callisto is a separate blockchain that is based on Ethereum protocol with its own cryptocurrency (CLO)...Callisto introduces a Cold staking protocol that rewards coin holders for being network participants."

TECHNICAL DETAILS:

● 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.

Callisto implements an Ethereum Virtual Machine, which allows to run
Ethereum-compatible smart-contracts written in solidity or viper programming
languages.

Callisto emission and maximum supply is increased compared to ETC 72% of
total Ethereum (and ETC) supply was distributed during the crowdsale. This would
have a negative effect if we sent such a huge amount of coin to the cold staking. As
the result it is necessary to increase the neutral CLO emission to compensate a huge
amount of pre-distributed stake.

GOALS

Callisto primary goal is to boost the growth and the adoption of Ethereum Classic as
a community and as a platform.
Such as important goals for us we have:
● Research, define and develop reference implementation of cold staking
protocol, built-in governance system and self-funding mechanism.
● Improve the security level of the whole Ethereum Classic and Callisto
ecosystem with official auditing team and secure contracts registry.
● Research experimental possibilities of scaling and cross-chain interaction.

ROADMAP

Q1 2018
● Launch the test network with the current Golang Ethereum client -Byzantium
compatible- (done).
● Create a public infrastructure for developers (done).
● Update Classic Ether Wallet with Callisto network support (done).
Q2 2018
● Update ClassicMask with Callisto Network
● Research the POS and DPOS protocol implementation possibility.

Disclaimer:
Any market data or commentary used here is for illustrative and informational purposes only. Don't trade with money you can't afford to lose especially with leveraged instruments. The past performance of any trading system or methodology is not necessarily indicative of future results.
If you like my post, please upvote and follow me. Thank you!
@cryptoinvestsvk