Etherium classic ( etc ) fork snapshot _ callisto (clo) coming next week

What is Callisto and why are they forking our beautiful Ethereum Classic? Some of you may say “Who Cares? Who doesn’t like FREE, Right?”

First of all, I want to remind you that Ethereum (ETH) is NOT Ethereum Classic (ETC). Ethereum Classic was a hardfork of Ethereum. I won’t go into the details in this article.

Now, being the technologist and a rather inquisitive one, I had to read what Callisto is all about and why they deemed it necessary to do the fork dance.

It isn’t actually a ‘Hard Fork’ as we have reported. Callisto will be a separate SIDE CHAIN.

Callisto Network wrote about “cold staking”:

Cold staking is a smart-contract based process that allows CLO holders to earn interest in a total CLO emission when they hold CLO coins at their balances for long enough period of staking time (1 month by default). Cold stakers are not required to run a node to participate in cold staking process. Cold stakers are not validating transactions and the whole system can remain fully PoW (Proof of Work) which is important since ETC adheres to POW consensys.