Callisto Network

Callisto Network is a proof-of-work blockchain launched by Ethereum Commonwealth (Ethereum Classic) developers as an autonomous and self-funded ecosystem with no pre-mined coins or ICO.

Powered by its coin, CLO, Callisto Network is an efficient blockchain that offers a unique set of features, with fast transactions at a low cost.

Security is the true catalyst for the adoption of any technology. With this in mind, we are committed to making Callisto Network and the Dapps running on it the safest in the blockchain ecosystem.

In this regard, we have created Callisto's Security Department, a team of decentralized experts that have made many contributions to improve Ethereum, Ethereum Classic, EOS, and have audited over 350 smart contracts.

Callisto Network Overview

Callisto.Network

Callisto Development

Callisto Network Overview

Callisto Network is a decentralized open source crypto platform based on go-Ethereum source code with its own cryptocurrency ‘CLO’.

The main goal of Callisto is to research and develop a reference implementation of a self- sustaining, self-governed, self-funded blockchain ecosystem and development environment. Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart- contracts to achieve this goal.

One of the main problems of Ethereum smart-contracts is the lack of tools to make them secure. Smart-contract hacking results in millions of dollars of lost revenue for the whole ecosystem. Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an “Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

Another problem of each progressive blockchain is the protocol update that needs Blockchain hard-fork. Hard-forking is a stressful process for mining pools, exchanges and other network participants. Callisto Network seeks to mitigate hard-forking by establishing two planned hard-forking dates: 11 November 2018 and 11 November 2019. Each protocol update should only be performed on one of these days. This approach allows each member of the network to know about upcoming updates and to prepare in advance. If the specific protocol update code is not ready to implement at the time of the planned hard-forking date, then it should be delayed until the next one

Callisto Development

The Callisto project is open source and open for contributions. There will be a Callisto development team at the early stages of the project. The Callisto development team is responsible for the implementation of the core features of the Callisto ecosystem, that will enable it to be a completely decentralized and self-sustaining network.

Further development will become completely decentralized once a Callisto treasury smart- contract is deployed. Further development goals and roadmap milestones would be defined through the Callisto treasury smart-contract. The development and implementation of these milestones will be funded through the Callisto treasury smart- contract as well.

Every participant of the Callisto network that holds CLO can become a cold-staker. A Cold- staker is an account that has locked its funds in the Callisto treasury smart-contract for 1 month or longer. Each cold-staker account can participate in the decision-making process by submitting a development proposal to the Callisto treasury smart-contract or voting already existing proposals.

Cold stakers will be compensated for being CLO holders and participating in the Callisto development governance with a portion of the CLO treasury. The total amount of CLO allocated for each cold-staker depends on the total amount of cold stakers that are currently on the Callisto network.

Cold-staking does not require an account owner to run a full node. It is relying on a treasury smart-contract. Each participant of the Callisto network is allowed to become a cold-staker at any time if they deposit their stake to the Callisto treasury smart-contract. The full stake + staking reward can be withdrawn from the treasury contract at any time after a month has passed from the stake deposit. An account that has withdrawn its funds from the treasury smart-contract will no longer be a cold-staker.