The purpose of Ethereum Classic Half-Life ($EHL) is to bring new features and improvements to the Ethereum Classic (ETC) blockchain. $EHL aims to address some of the key challenges facing the ETC ecosystem, including slow transaction times, high transaction fees, and limited smart contract functionality. It will be a Layer 2 Blockchain built to improve Ethereum classic Blockchain Overall, the purpose of $EHL is to create a more efficient, secure, and user-friendly blockchain ecosystem that can support a wide range of decentralized applications (dApps) and use cases. By introducing new features and improvements to the ETC blockchain, $EHL aims to help drive adoption and growth in the ETC ecosystem, and to position ETC as a leading platform for decentralized innovation.
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Some of the key features of $EHL
Reduced block time
β $EHL aims to reduce the block time on the ETC blockchain from 14 seconds to 7 seconds. This will help to increase the speed and efficiency of transactions on the network.
Improved security
β $EHL will implement a new consensus mechanism called Proof of Authority (PoA), which is designed to improve the security and reliability of the network. PoA is a more energy-efficient and secure alternative to Proof of Work (PoW), which is currently used by Ethereum Classic.
Smart contract improvements
β $EHL will introduce new features and improvements to the smart contract functionality on the ETC blockchain. This will make it easier for developers to build and deploy decentralized applications (dApps) on the network.
Tokenomics
β $EHL will introduce a new token called EHL, which will be used to pay for transaction fees and other services on the network. The total supply of EHL will be capped at 100 million tokens, with a portion of the tokens reserved for development and community initiatives.
Community-driven
β $EHL is a community-driven project, with a focus on transparency, collaboration, and inclusivity. The project is open to contributions from developers, investors, and other stakeholders in the ETC ecosystem.
