Callisto network (CLO) – a promising project from ETC developers

Our Mining Pool Callisto (CLO)
UPDATED: Callisto launch delayed until April 15.

Soon (March 23) we are waiting for the official start of the main network Callisto. This is a very expected event among the miners – we received a huge number of questions concerning this particular coin. Since to respond to all operatively and in essence is not possible, we decided to write a separate article, in which we try to disassemble the main information on the CLO. And start with the technical part.

Callisto (CLO)
Callisto (CLO)

Technical information

Callisto was created by the ETC development team. The project was created to solve some problems of the Ethereum Classic network. Namely, the task of increasing the scalability of the network and the introduction of the “cold-steaking” protocol.
It is important to understand that the CLO is not an ETC hardcore. This is siedchen, i.e. The project with its own separate block, which will develop parallel to the main network Ethereum Classic

Characteristics of the coin:

  • Algorithm: Dagger Hashimoto (Ethash)
  • Block time: ~ 15 сек.
  • Reward for the block: 600 CLO
  • Maximum number of coins: 6 500 000 000 CLO

Network Scalability

Like any other crypto currency, ETC also has problems with network scalability. To solve this problem, the developers created Callisto. He will try in the early stages to exclude this possibility and prevent a repetition of such situations as, for example, it was with bitcoin and because of what the commission and the time of transactions increased several times

As mentioned above, clo is a sidechain. Those. in fact, this hotel blocking, but it will have a feedback with the possibility of direct exchange of assets, which will relieve the network and bring the main coin to new heights. In any case, the developers themselves consider the web.
According to the plan, in the future, Callisto smart contracts can be used in ETC blockbuster and set-up. We hope that they will succeed in fulfilling their plans.

Cold Steaking Technology

This protocol is designed to solve the problem, which is that the holders of ETC and CLO have the incentive to keep (store) their coins in precisely these assets. Those. if you keep any part of the funds in your wallet (before you need to create a special smart contract), you get a certain percentage of the total emission in the network CLO.

More detailed information on the key characteristics of Callisto you can find on the network (there is enough information). There is no point in describing here, because it goes beyond the scope of our specifics – mining

Mining in the test network Callisto. Why do not mainint before mainnet start??

After launching the test network and connecting to it our pool Callisto, we are faced with the fact that most of the miners do not understand what a test network is and why it is needed. This can be seen from the complexity of the CLO network – at some points in time it reached the complexity of the coin Pirl.

In particular, there was one particular charge in assigning a CLO coin pool. Allegedly, we do not pay anything and leave everything to ourselves 🙂

So that’s it. The test network is the debugging stage in the development of any project. Developers check their network for possible errors and identify problems that may arise in the future and promptly eliminate them. If you look at the experience of running other crypto currency, then payments should not go at all from the pool at the test network (here we see the opposite). With what it is connected – it is not clear. Perhaps a banal error. But this is not the essence.

Suppose this option, that you still get the coins during the test (although this possibility is blocked by the coin developers during the test). Then after the start of the main network, the namayannoe will not mean anything, because will not be a working blockade. Either it will simply be reset or become simply a figure on the balance sheet.

Despite the huge number of warnings posted on the pages of our website, we once again officially declare: Mine in the test network is not necessary! This is a useless occupation!

We very much hope that we clearly stated the idea of testnet Callisto

How mine to Callisto on the Baikalmine Pool.

All the settings for the CLO mining after the start of the main network (March 23) on our pool will be published in the corresponding section. They will not differ in any way from the other coins on this algorithm. For example, for the Claymore’s liner, the startup line will look like this:

EthDcrMiner64.exe -epool clo.baikalmine.com:3333 -ewal Your_wallet_address_Callisto -epsw x -allpools 1 -allcoins exp -gser 2 -eworker rig1

This port has a complexity of 4b. Also through it it is possible to connect services of rent of capacities of type Nicehash and Miningrigrentals

Exchanges and wallets Callisto

Project site: Callisto.network

Officially stated on the project website support for the following purses:

The list so far looks like this. But I think that closer to the start it will be significantly expanded and there will be “cold” wallets

The same applies to exchanges on which the coin will be traded:

  • Yobit
  • ChangeNow
  • HitBTC

What is noteworthy, on Yobit (as they usually do) is the whole trade CLO :). But this is already the domestic policy of the exchange and we will not climb

IMPORTANT! For mining, use only the address created after the start of the main network. Created in the test network will not have backward support. Take this into account when planning your mining.

Undoubtedly, the project received a lot of attention from the community of miners and crypto investors and at the start we will see for sure a huge agiotage and immediately greater complexity of the network. This must be prepared
So far, we will monitor the situation and the news background around Callsito and inform you about all the new, interesting facts.
Team Baikalmine.

Leave a Comment