Callisto Network, the Self-sustaining and Self-funded Blockchain
The Callisto launch was accompanied by an Airdrop for ETC holders. The snapshot of the Ethereum Classic blockchain was taken at block 5500000 (5 March 2018), and the ETC coins owner received CLO in a 1:1 ratio.
Although a key objective of Callisto Network was the improvement of the ETC protocol, the original white paper also introduced the concept of an audit department for smart contracts, which has become a reference in the field.
Another matter for Dexaran was reducing the influence of miners on new coin emission, which is why he introduced the concept of 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 a long enough period of staking time”, Dexaran Ethereum Commonwealth development update
(11 Jan, 2018).
Over time, Callisto has become a project in its own right. It has become one of the major players in terms of security, proposing improvements to the ETC protocol and EOS, and even in the summer of 2020, an amendment to the Nakamoto consensus.