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  • ETC Weekly Newsletter : Happy New Year!

    January 4, 2017 by Carlo V

    Links To Our Community

    ETC Website

    ETC Reddit

    ETC Today

    ETC Twitter

    ETC Facebook

    ETC Slack

    ETC Development Report

    Hi everyone, thank you for checking out this week’s ETC newsletter! This is the first newsletter of 2017 and it’s looking like this year is going to be incredible. The blockchain bull is in full effect and as I’m writing this, the entire top 20 by market capitalization is in the green. Special thanks to all the developers, miners, user’s, investors and other community members that made 2016 so special.

    Featured in this week’s newsletter is the upcoming “DieHard” protocol upgrade which is going to occur at block 3,000,000 around ~Jan 15th. Thank you to everyone that contributed to “DieHard”, nothing would be possible without all the hard work ETC devs put in. The protocol upgrade includes:

    • Difficulty Bomb delay (ECIP-1010)
    • EXP reprice (EIP-160)
    • Replay Protection (EIP-155)

    The other big story is the CEO of CoinBase (Brian Armstrong) is considering

    . Check out the post below to vote.

    Last week’s newsletter was jam packed with great news all over the place so I’m going to leave it in for one more run. It was a fun/busy holiday season so I’ll leave everything in just in case anyone out there didn’t get a chance to check it out. The other stories in this newsletter are listed below:

    I’m really looking forward to an outstanding 2017. Hope everyone’s holiday season went well and on behalf of the ETC community I’d like wish you all a Happy New Year!

    ETC Geth 3.2.3 protocol upgrade aka “DieHard”.

    "A release ready for Diehard protocol upgrade coming in at block 3,000,000 around ~Jan 15th. The protocol upgrade includes:

    • Difficulty Bomb delay (ECIP-1010)
    • EXP reprice (EIP-160)
    • Replay Protection (EIP-155)

    CEO of CoinBase BrianArmstrong considering adding ETC!

    Quote from Brian Armstrong below.

    • “Yes - I’m thinking now that may have been a mistake. I’m not opposed to adding ETC if there is interest.”

    He also posted a poll for communities to let CoinBase know what currency they would like to see. Let him know you would like CoinBase to add ETC!

    Trouble finding peers with Geth?

    Several ETC geth users reported problems connecting to peers after a fresh install. If your full node has trouble finding peers, you may want to try adding static peer file manually. An up-to-date list of ETC peers maintained by Epool can be found here:

    This list of nodes should be added to “.ethereum/static-nodes.json”.

    Ethereum Classic is looking for Rust & JS developers.

    Igor aka Splix is looking for talented Rust and JS developers. Full time, remote. Experienced developers, which can lead projects, make architectural decisions and help other team members to do their job. Self motivated and able to work in a distributed team on Open Source software together with the community.

    ETC Exchange Launches

    If you would like more details please check out the following links:

    English and other languages are underway for the website. If you have any questions please send them to etcwin@wident.cn.

    Ethereum Classic now available at Échange de Montréal.

    “Several of you have asked when we will be offering any alternative cryptocurrency apart from Bitcoin. We have been keeping an eye on other emerging cryptocurrencies and EDM is happy to announce that we will be selling Ethereum Classic (ETC) starting today!..”

    Use ETC to buy any OpenBazaar item via ShapeShift integration.

    “Today ShapeShift.io, a Blockchain asset exchange platform, has partnered with online bitcoin-enabled marketplace OpenBazaar via their integration of the ShapeShift Shifty Button. This integration allows OpenBazaar shoppers to purchase items…”

    Two recent IOHK publications.

    Ouroboros: A provably secure proof-of-stake blockchain protocol.

    Scripting smart contracts for distributed ledger technology.

    BTCC mining pool adding to ETC hashrate.

    “Plans getting realized. BTCC ETC mining pool already above 40GHz and increasing.”

    ETCWin ICO thank you meeting and celebration!

    Check out the tweet below from ETC China.

    Check out ETC.today!

    Ethereum Classic Today! Your daily hit of ETC, Bitcoin, blockchain news and updates.

    Instructional video series on mining released by Epool.

    Epool - Ethereum Classic Mining.

    Article from Dr. Seberino about zero knowledge proofs.

    “Zero Knowledge Proofs For Dummies.”

    2 articles from CoinDesk.

    “Ether Classic Surges to More Than 4-Month High .”

    “Ethereum classic pushes forward…”

    Let’s talk ETC! Tuesdays at 7:30pm EST.

    Every Tuesday at 7:30pm EST we will be discussing what’s going on in the ETC community and beyond. Last weeks show (12-20-16) features special guest Matt M aka “Snaproll” who is the creator of the monetary policy proposal featured in this newsletter. We will discuss monetary policy, ETC and blockchain in general. A link to the channel/show will be posted below, if you have ideas or questions please let us know. Thank you for subscribing to our latest updates and announcements!

    ETC Monetary Policy

    ETC Monetary Policy Proposal by @snaproll is now officially out as ECIP-1017

    “This ECIP proposes a solution to the Ethereum Classic Monetary Policy to adjust, with finality, the current emission schedule implementation of 14.0625ETC per block in perpetuity. The solution proposed introduces a theoretical upper bound on the maximum absolute number of ETC and introduces a method of degraded emission over time. In addition, this ECIP describes the requirements associated with maintaining this emission schedule through a potential change of the network’s consensus algorithm, from its current Ethash based Proof of Work to a possible POS or POW/POS hybrid model.” Please see the full post from github and reddit at the links below.

    Monetary policy discussions are still in progress on many platforms. However, most of the conversation seems to be taking place on the #monetary_policy channel on slack. Please join us on Slack using the following link.

    For more information on community participation please see this call to action post for guidance.

    “Call To Action” still in effect. Looking for community contributions for the ETC Wikipedia page.

    Reddit user “bitp” has brought it to the communities attention that the “Ethereum Classic” Wikipedia link currently redirects to “Ethereum”. ETC community member /u/FaceDeer was previously a Wikipedia editor and has provided some insight on what should be done moving forward. One of his recommendations is that we start the process by adding to the Ethereum Classic section that is currently on the Ethereum Wikipedia page. ETC can then be given its own page after volunteers have submitted enough info. Please see his full post in the reddit thread linked below.

    Community Metrics

    • Twitter - 33.1K followers.
    • Reddit /r/EthereumClassic - 2,939 subscribers.
    • Slack - 1,629 users.
    • Telegram - 783 users.
    • WeChat - 472 users.
    • Miners - 885.04 Total GH/s

    Top 5 miners by average hashrate from the previous 7 days.

    • EtherMine 181.66 GH/s
    • NanoPool 180.24 GH/s
    • 91pool 173.73 GH/s
    • Private Pool 109.76 GH/s
    • F2pool 80.06 GH/s



  • Let's Talk ETC! (Ethereum Classic) - Episode #7 - Conversation With Prophet Daniel



  • ETC Weekly Newsletter : Protocol Update Successful!

    by Carlo V

    ETC Development Report

    Hi everyone, thank you for checking out this week’s ETC newsletter! This is the second newsletter of 2017 and ETC is off to a fantastic start. On Friday January 13th at block 3,000,000 the ETC community moved forward into the future with the protocol upgrade/hardfork dubbed “DieHard”. The “DieHard” upgrade included the following protocol improvements:

    • Difficulty Bomb delay (ECIP-1010)
    • EXP reprice (EIP-160)
    • Replay Protection (EIP-155)

    I can’t thank the ETC development community enough for all the hard work and countless hours they put in to make sure ETC is the most stable, secure platform that it can possibly be. I’d also like to thank the miners, exchanges, investors, traders and other community members for committing themselves to some of the best teamwork I have ever seen. The ETC community consists of countless countries, languages, cultures and ideas but the communication and teamwork managed to transcend all of those obstacles. This teamwork has helped thrust the ETC project into a stronger position than I could have ever imagined 6 months ago. An article by Aaron Van Wirdum covering the successful update was featured in Bitcoin Magazinenasdaq.com.

    The other stories featured in this newsletter are listed below:

    “Ethereum Classic Hard Forks; Diffuses Difficulty Bomb”

    Article from Aaron Van Wirdum about the protocol upgrade/hardfork featured in Bitcoin Magazine as well as nasdaq.com.

    New footage from ETC monetary policy event in London.

    Footage of the ETC monetary policy event in London, please comment on youtube to let us know your thoughts.

    Sustainable Development Goals

    Article about sustainable development goals and other topics from Prophet Daniel.

    New Instructional Video

    New instructional video from Epool has been released.

    Comments by Barry Silbert and DCG about an ETF for ETC.

    “The DCG CEO is so drawn to Ethereum Classic that he may be interested in building a publicly traded ETF for the alternative digital currency. Such a move…”

    New articles by Dr. Seberino.

    “Hashes: An Introduction & Why They Are Foundational To The Internet & Blockchains”

    “Why Bloom Filters Are So Cool (+ Useful!) For Blockchains & Beyond: An Introduction”

    Check out this ETC blog from community member “Jerry”.

    “Classic Ether, ETC Community Updates”

    Article from TechCrunch about a decentralized internet.

    “The future is a decentralized internet.”

    Check out ETC.today!

    Ethereum Classic Today! Your daily hit of ETC, Bitcoin, blockchain news and updates.

    Let’s talk ETC! Tuesdays at 7:30pm EST.

    Every Tuesday at 7:30pm EST we will be discussing what’s going on in the ETC community and beyond. The previous show (1-03-17) featured special guest “ProphetDaniel” who is a constant contributor from the ETC development community. We had the pleasure of discussing ETC development and blockchain in general. A link to the channel/show will be posted below, if you have ideas or questions please let us know. Thank you for subscribing to our latest updates and announcements!

    ETC Monetary Policy

    ETC Monetary Policy Proposal by @snaproll is now officially out as ECIP-1017

    “This ECIP proposes a solution to the Ethereum Classic Monetary Policy to adjust, with finality, the current emission schedule implementation of 14.0625ETC per block in perpetuity. The solution proposed introduces a theoretical upper bound on the maximum absolute number of ETC and introduces a method of degraded emission over time. In addition, this ECIP describes the requirements associated with maintaining this emission schedule through a potential change of the network’s consensus algorithm, from its current Ethash based Proof of Work to a possible POS or POW/POS hybrid model.” Please see the full post from github and reddit at the links below.

    Monetary policy discussions are still in progress on many platforms. However, most of the conversation seems to be taking place on the #monetary_policy channel on slack. Please join us on Slack using the following link.

    For more information on community participation please see this call to action post for guidance.

    Ethereum Classic is looking for Rust & JS developers.

    Igor aka Splix is looking for talented Rust and JS developers. Full time, remote. Experienced developers, which can lead projects, make architectural decisions and help other team members to do their job. Self motivated and able to work in a distributed team on Open Source software together with the community.

    “Call To Action” still in effect. Looking for community contributions for the ETC Wikipedia page.

    Reddit user “bitp” has brought it to the communities attention that the “Ethereum Classic” Wikipedia link currently redirects to “Ethereum”. ETC community member /u/FaceDeer was previously a Wikipedia editor and has provided some insight on what should be done moving forward. One of his recommendations is that we start the process by adding to the Ethereum Classic section that is currently on the Ethereum Wikipedia page. ETC can then be given its own page after volunteers have submitted enough info. Please see his full post in the reddit thread linked below.

    • reddit.com

    Community Metrics

    • Twitter - 33bK followers.
    • Reddit /r/EthereumClassic - 2,978 subscribers.
    • Slack - 1,676 users.
    • Telegram - 783 users.
    • WeChat - 472 users.
    • Miners - 876.08 Total GH/s

    Top 5 miners by average hashrate from the previous 7 days.

    • EtherMine 187.64 GH/s
    • NanoPool 154.21 GH/s
    • F2Pool 68.14 GH/s
    • MiningPoolHub 37.42 GH/s
    • Epool 31.02 GH/s


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  • Ethereum Classic Harmony Launch

    News By,

    Prophet Daniel

    Our friends from Ether.camp are proud to announce the release of Ethereum Harmony also available for ETC chain. Great job, cheers!

    CashEth - demo of the systemether.camp on YouTube.

    More information

    https://hack.ether.camp/sale

    More information and registration as fan or a developer: https://hack.ether.camp

    Slack: http://www.ether.camp/

    https://twitter.com/campether

    #hackethercamp



  • ETCDEV Team launches homepage at etcdevteam.com

    The ETCDEV Team has launched their official website, located at the web address etcdevteam.com. The Ethereum Classic development group’s new homepage introduces the advisors, staffers and engineers behind the blockchain’s independent programming initiatives.

    Chief technology officer Igor Artamonov (Splix on Github) leads the initiative. A core developer whose contributions include playing a vital role in January’s Diehard protocol upgrade and the deployment of the BitEther (BEC) mining token contract, he is being joined by Go coder Pascal de Kloe and Rust coders Dmitry Ulanov and Stewart Mackenzie.

    Having published the ETC Weekly Development Report updates via Reddit, Colibry will contribute in an organizational capacity to ETCDEV. She is joined by strategic analyst Matthew Mazur (Snaproll on Github). Prior to presenting at the Ethereum Classic Year One event in London, Mazur authored the ECIP-1017 monetary policy proposal, which places an upper bound on the issuance of ETC tokens.

     


    ETCDEV Team advisors include Dr. Avtar Sehra, founder of the Fundonomy ETC fundraising platform and organizer of the Year One London event. Core developer Elaine Ou also serves as an advisor, having presented for ETC during January’s Construct 2017, CoinDesk’s first blockchain developer conference. They are joined by project coordinator Arvicco, a contributor to the Ethereum Classic Blog at ethereumclassic.github.io, and developer Cody Burns, who adapted Taylor Van Orden’s MyEtherWallet’s Chrome Extension for use with Ethereum Classic.

    The new website hosts information on several core projects, including Mackenzie’s new implementation of the Ethereum Virtual Machine. Written in Rust programing language, the EVM will focus on improved performance and reliability. Ulanov is contributing toward the design of an official desktop wallet featuring a flexible SDK, codenamed “Emerald.” Pascal de Kloe will focus in March on prepping ETC Geth, a fork of the Ethereum Foundation’s original Geth client, for ECIP-1017 integration.

    ETCDEV’s ECIP-1017 research will entail a full testing cycle, examining potentials for new attack vectors. Operating in a similar fashion to the Bitcoin blockchain’s cap, the upgrade proposal will serve to reduce uncertainty for institutional investors considering ETC’s potential as a store of value. Parity client support will be tested in April, followed by a private and public testnet release. Main network configuration of the ECIP is targeting a July release.

    Donations benefiting the team’s research are being accepted in both Bitcoin and Ethereum Classic via the support page of the ETCDEV website.

    ETCDEV — Advisors, Staffers and Engineers

    For more details :

    https://medium.com/@classiceth...



  • Roy Zou undertakes Ethereum Classic monetary strategy advocacy

    ETC China organizer Roy Zou is presenting to miners and exchanges in China the argument in favor of adopting ECIP-1017.

    Authored by Matthew Mazur (Snaproll on Github), the monetary strategy proposal seeks to address the issue, coded into the protocol by the Ethereum Foundation, of the limitless issuance of Ethereum tokens. (The Foundation intended to solve the inflationary monetary policy by transitioning to a proof-of-stake consensus mechanism, firing the miners in the process.)

    The Ethereum Classic proposal seeks to retain mining-based proof-of-work, while setting an upper bound on token issuance, providing institutional investors with greater confidence in ETC’s potential as a store of value. Zou, the Chairman of the Board of Directors for the Ethereum Classic Consortium, began introducing the public to the proposal back in January by organizing a question-and-answer session, hosted by the 8btc cryptocurrency portal.

    There, Mazur joined ETCDEV chief technical officer Igor Artamonov (Splix on Github) and Fundonomy fundraising initiative founder Avtar Sehra in offering commentary on ECIP-1017. Zou provided Chinese translation for those offering questions. There, Mazur explained, “Having an upper bound, or a ‘cap,’ on a token, or any tradeable object, assists with price discovery, or finding the true value of something, since its level of scarcity is known and/or can be measured.”

    Since that time, Mazur has published a paper elaborating upon the rationale underlying the monetary strategy proposal. “Bitcoin has, by far, the most adoption,” he writes in his online thesis. “Everyone in the crypto space knows its distribution rates, and no one really has a problem with it.”

    ECIP-1017 emulates protocol specifications of Bitcoin that, we can observe, have managed to secure adoption. By emulating Bitcoin’s issuance schedule, the proposal attempts to “reduce the total amount of risk in the monetary policy, thus leading to a higher probability of obtaining optimal total investment.”

    Photo published for 8btc hosts Q&A session on ETC monetary strategy

    8btc hosts Q&A session on monetary strategy, featuring @snaproll_, @avtarsehra and @splix: https://medium.com/@classicether/8btc-hosts-q-a-session-on-etc-monetary-strategy-82c8f700ccc6#.vlk15x8ju …

    10:06 AM - 29 Jan 2017

    Investor Support for ECIP-1017

    The first venture capital company to show support for Ethereum Classic is Digital Currency Group. Founder Barry Silbert strongly favors ETC adopting a deflationary monetary strategy modeled after Bitcoin’s, as he stated during a presentation with DCG colleague Meltem Demirors at Blockchain Startups Singapore. His assessment of the Ethereum Foundation’s ETH issuance model is that its present lack of commitment to a hard cap makes it intrinsically unappealing to institutional investors.

    “That to me was the final nail in the coffin of the Ethereum [ETH] investment base,” said Silbert. “You have to understand that I spend easily 25% of my time with institutional investors and hedge funds explaining to them the Bitcoin supply dynamic. Everybody knows it’s 21 million and the growth is fixed. The idea that five individuals could unilaterally make a decision to fork Ethereum — in my opinion, out of self-interest — meant that we were never going to see Ethereum successful as an investment asset class.”

    The inflationary monetary policy and centralized governance of ETH’s platform make it unappealing to DCG, in contrast to ETC’s commitment to decentralized governance and updated monetary policy. Digital Currency Group selected Ethereum Classic as its first altcoin (alternative cryptocurrency) investment, and pledged to launch an Ethereum (ETC) Investment Trust upon the adoption of an improved monetary strategy.

    DCG invests in over eighty companies in the cryptocurrency space, including Japan’s highest funded Bitcoin exchange, bitFlyer. Silbert nevertheless takes time to visit the Ethereum Classic Slack channel to lend encouragement to the community and their commitment to realizing their goals. “[M]y primary focus is moving the monetary policy forward,” he mentioned in a recent discussion on the Slack channel, and suggested, “[I]f there are no issues raised, we move forward.”

    Digital Currency Group forecasts war on physical cash: https://medium.com/@classicether/digital-currency-group-forecasts-war-on-physical-cash-a6bf86f725b8#.oqqz18ul8 …

    12:17 PM - 15 Jan 2017

    Photo published for Digital Currency Group forecasts war on physical cash

    Developer Support for ECIP-1017

    Back in December, Dr. Sehra of the Fundonomy initiative organized a well-attended London conference, introducing the ECIP-1017 proposal. The Ethereum Classic Year One and Crypto Monetary Policy meeting featured presentations by the organizer, Artamonov and Mazur, along with commentary by Jon Matonis, the founding director of the Bitcoin Foundation. Professionally recorded videos of the presentations are available on YouTube.

    Today, Artamonov and his team members at ETCDEV are conducting a battery of tests to identify any security risks associated with ECIP-1017. Such experiments by the team’s CTO managed to ensure January’s Diehard protocol upgrade was implemented without suffering any setbacks. The team is targeting Parity client testing of the monetary strategy upgrade in April, followed by a private and public testnet release, and main network configuration in July.

    Roy Zou’s Q&A session for 8btc represented a concerted effort to facilitate dialog between the community in China and the ETCDEV team. Now he is in the process of meeting with miners and exchanges in China on a mission to determine the fate of ECIP-1017. Its implementation would provide institutional investors a strong argument in favor of ETC’s efficacy as a store of value, facilitating the launch of Digital Currency Group’s Ethereum (ETC) Investment Trust.

    Github — ECIP-1017



  • ETC Weekly Newsletter: Dev Updates + New Discussions

    Links To Our Community

    ETC Website

    ETC Dev Team

    ETC Grothendieck Team

    ETC Today

    ETC Slack

    ETC Reddit

    ETC Twitter

    ETC Facebook

    ETC Development Report

    ETCDev Team: Weekly Report

    • (Geth) migrate from private Teamcity CI to public builds
    • Windows builds and tests with Appveyor (turns out there’re some issues with windows)
    • automatic uploads to Bintray
    • (Geth) Migrate chain config
    • (Geth) logging normalization
    • (Geth) JIT VM dropped (we’re working on replacement VM)
    • (Geth) improved metrics stat
    • (Emerald Wallet) Initial code for backend, rust based

    IOHK’s Grothendieck Team Report

    • Recording of the Grothendieck Team meeting from March 7th, 2017.

    The other stories featured in this newsletter are listed below:

    Also, now that monetary policy discussion has come to a close I would like to announce some ideas for more organized discussion on the following topics

    • Marketing Mondays: Marketing centric discussion and ideas.
    • Funding talk Tuesdays: Funding centric debate and discussion.
    • Dapper devs Wednesdays: Dapp and development centric discussion.
    • Think about it Thursdays: How can we accomplish what was discussed during the week.
    • Free for all Fridays: Brainstorm/community questions/discussion open to anything.

    Grayscale ETC Trust

    Grayscale confirms the future launch of an ETC trust.

    Article from Coindesk

    “Beyond immutability: Ethereum Classic…”

    • (http://www.coindesk.com/beyond-immutability-ethereum-classic-maps-way-forward/)

    Article from BTCmanager.com

    “Ethereum Classic integrates deflationary monetary policy.”

    Paper from cornell on Sprites

    “Sprites: Payment Channels that Go Faster than Lightning.”

    Article from Cryptom.

    “A new era of blockchain immutability towards a new understanding.”

    Paper on PVSS schemes.

    “Our New Linear Time PVSS Scheme.”

    Blog post from Charles Hoskinson on smart contracts.

    “Some Thoughts Towards an Ontology for Smart Contracts.”

    Paper released detailing a hybrid PoW/PoS algorithm.

    TwinCoins: A Provably secure hybrid PoW/PoS Algo.

    Check out ETC.today!

    Ethereum Classic Today! Your daily hit of ETC, Bitcoin, blockchain news and updates.

    Let’s talk ETC! Tuesdays at 7:30pm EST.

    Every Tuesday at 7:30pm EST, we will be discussing what’s going on in the ETC community and beyond. The next show will feature a researcher from the treasury proposal first draft that was released by IOHK recently. A link to the channel will be posted below, if you have ideas or questions please let us know. Thank you for subscribing to our latest updates and announcements!

    Ethereum Classic is looking for Rust & JS developers.

    Igor aka Splix is looking for talented Rust and JS developers. Full time, remote. Experienced developers, which can lead projects, make architectural decisions and help other team members to do their job. Self motivated and able to work in a distributed team on Open Source software together with the community.

    “Call To Action” still in effect. Looking for community contributions for the ETC Wikipedia page.

    Reddit user “bitp” has brought it to the communities attention that the “Ethereum Classic” Wikipedia link currently redirects to “Ethereum”. ETC community member /u/FaceDeer was previously a Wikipedia editor and has provided some insight on what should be done moving forward. One of his recommendations is that we start the process by adding to the Ethereum Classic section that is currently on the Ethereum Wikipedia page. ETC can then be given its own page after volunteers have submitted enough info. Please see his full post in the reddit thread linked below.

    • reddit.com

    Community Metrics

    • Twitter - 32.7K followers.
    • Reddit /r/EthereumClassic - 3,101 subscribers.
    • Slack - 1,893 users.
    • WeChat - 490 users.
    • Miners - 1054.26 Total GH/s

    Top 5 miners by average hashrate from the previous 7 days.

    • EtherMine 270.83 GH/s
    • NanoPool 137.48 GH/s
    • F2Pool 98.68 GH/s
    • NinjaPool.jp 23.79 GH/s
    • MiningPoolHub 15.00 GH/s

    by Carlo V



  • A Joint Statement on Ethereum Classic’s Monetary Policy

    The Ethereum Classic community has grown substantially since its inception in July of 2016. In order to further Ethereum Classic’s vision, the community needs to adopt a monetary policy that balances the long-term interests of investors, developers, and business operators.

    This statement represents a collaborative show of support for the monetary policy proposed in ECIP 1017. As industry stakeholders, ETC community members, exchange operators, mining pool operators, miners, wallet providers, developers, the Distributed Autonomous Coalition Asia (DACA) and the China Ethereum Classic Consortium (ECC), and other industry participants; we are committed to jointly planning and implementing a road map to effect the future ETC monetary policy.

    We have agreed on the following points:

    • We understand that a monetary policy has been proposed that establishes an upper bound on the total number of ETC that will ever be issued, and that this policy was the result of extensive discussions within the community. The policy also defines a method of reducing the block reward over time. It is available in English here and in Chinese here.
    • The new monetary policy sets a limit for the total ETC issuance. The block reward will be reduced by 20% at block number 5,000,000, and another 20% every 5,000,000 blocks thereafter. Uncle block rewards will also be reduced. Due to variations in the reward rate of ETC, we anticipate the total supply to be approximately 210 million ETC, not to exceed 230 million ETC.
    • We will continue to work with the Ethereum Classic protocol development community to develop, in public, a safe hard fork procedure based on the proposed monetary policy. ETCDEV Team will provide an implementation of the monetary policy for both the geth and parity clients after the hard fork procedure is agreed upon.
    • We will run consensus systems that are compatible with Ethereum Classic clients, which will eventually contain the ECIP 1017 monetary policy and the hard-fork, in production.

    Based on the above points, the timeline will likely follow the below dates.

    • Geth and Parity clients that include the updated monetary policy are expected to be released in June 2017.
    • If there is strong network-level support, the hard-fork activation will likely happen around Fall 2017.
    • If the hard fork is activated, the first reduction in block reward will happen around December 2017.

    Our common goal is to make Ethereum Classic a success. We believe that the community can unite and work together to achieve a sustainable global platform.

    Read full Article



  • Use MetaMask with Ethereum Classic by Chuck

    This post is for ETC users interested in using the MetaMask browser extension and some Ethereum dApps enabled by MetaMask with the Ethereum Classic blockchain. It is available for Google Chrome and Mozilla Firefox.

    “ MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to run Ethereum dApps right in your browser without running a full Ethereum node.” — Metamask.io

    To use it with Ethereum Classic.

    1.) You will need to download the extension by visiting this link.

    2.) Right-Click on the appropriate Zip File corresponding with your browser.

    3.) Unzip into a folder with the same name.

    4A.) With Google Chrome, Go to Settings > Extensions > Load Unpacked Extension > Choose Unzipped Folder.

    4B.) With Mozilla Firefox, Open the Add-ons Manger > Click on the gear icon (Tools for all add-ons) > Install Add-on From File > Choose Unzipped File.

    Remember to back up your seed. This is like your private key. You have now downloaded MetaMask and can use it with Ethereum, Ropsten, and now Ethereum Classic.

    One Final Step!

    5.) In the top left hand corner of MetaMask, click on Ethereum Main Net and change it to Ethereum Classic.


    Choose Ethereum Classic in Top Left Hand Corner

    Now you are using MetaMask with the Ethereum Classic network. What’s really cool about this is there are some dApps that you can now use with ETC automatically.

    For example….

    Token Factory and the Web3 version of Mist. Now on ETC.

    Shout out to MetaMask developers for creating MetaMask in the first place and making it easy for ETC Dev “Sorpaas” and “EtherNinja” to do the development work of adding ETC.

    Author,

    Chuck

    Go to the profile of Chuck

    Economist. FSU Alum. Libertarian. Anti-Fragilista. Crypto-Currency Enthusiast. Anti-EU. Pro-Europe.



  • How Ethereum Classic Light Clients Can SECURELY Operate

    Ethereum Classic (ETC) light clients are clients that do not maintain a copy of the entire ETC blockchain. I will explain how they can nevertheless securely operate.

    Honest Nodes

    Light clients obtain blockchain information by communicating with network nodes. It is possible that malicious network nodes may censor blocks on the longest chain. Light clients can still operate securely as long as they connect to at least one honest and up to date node. It is not sufficient to connect to an honest node. The honest node must itself be connected to another honest node, and so on. Otherwise, honest nodes may not have all the blocks on the longest chain.

    Here is a list of honest ETC network node TCP sockets that light clients can connect to. (This list can also be found here.):

    174.112.32.157:30303
    52.206.67.235:30303
    162.243.55.45:30303
    104.198.71.200:30303
    144.76.238.49:30303
    144.76.238.49:30306

    Block Headers

    Hashes are fixed length strings that can guarantee the integrity of all information. Merkle trees are trees of hashes that can minimize the necessary communication between network nodes and light clients. The tops of Merkle trees are referred to as root hashes. Block headers contain the root hashes for light clients to securely and efficiently obtain state and transaction information from network nodes. Because block headers are much smaller than entire blocks, light clients with limited storage can still operate securely by storing just the block headers of the blockchain.

    Hash Checks

    To be sure a light client is connected to the ETC network, confirm the first block (genesis block) of the blockchain is associated with the following hash:

    0xd4e56740f876aef8c010b86a40d5f56745a118d0906a34e69aec8c0db1cb8fa3
    

    Also, confirm block 1,920,000 is associated with the following hash:

    0x94365e3a8c0b35089c1d1195081fe7489b528a84b22199c916180db8b28ade7f
    

    This block is where the ETC blockchain diverges from the Ethereum (ETH) blockchain.

    Node Incentives

    Some think the need for light clients to request state and transaction information from network nodes might be a vulnerability. The concern is that network nodes may not always have sufficient incentives to assist light clients. Some have suggested compensating network nodes for assisting light clients. At the very least, supporters of ETC are motivated to support light clients to grow the number of users. Also, smart contract application providers are motivated to support light clients to increase the number of potential customers.

    Conclusion

    It is amazing that a protocol exists for even tiny embedded devices to securely utilize the ETC system. By connecting to honest nodes, only storing block headers, and, utilizing the properties of hashes, even toasters can benefit from the ETC world computer.

    Feedback

    You can contact me by clicking any of these icons:

    Acknowledgements

    I would like to thank IOHK (Input Output Hong Kong) for funding this effort.

    License

    This work is licensed under the Creative Commons Attribution ShareAlike 4.0 International License.



  • Ethereum Classic (ETC) - Toll Equality

    In a parallel universe near you…

    “IT’S JUST NOT FAIR!” shouted Gully Bull into his microphone so loud his voice thundered over the audience. Bull is the car delivery business owner and activist who put together the Save Toll Equality March On Washington. Toll equality is the principle that every vehicle should pay the same toll road fees. Small cars pay an average of $5 at most toll roads. Big 18 wheelers pay $30 or more depending on their weight. Intertoll Service Providers (ISPs) that manage the national toll road network (Intertoll) argue that heavier vehicles should pay greater fees since they cause more road wear. Former President O. Bammer required the Federal Cargo Commision (FCC) to begin a policy enforcing toll equality: “This is the great moral issue of our time. Nothing less than the very survival of the Intertoll is at stake.” Unfortunately for President Bammer, his chosen successor lost in a stunning upset to now President Trunk. Gully Bull and others were terrified that now ISPs would continue charging different vehicles different toll fees.

    Trunk’s new FCC could have weathered Gully Bull’s trouble making. However, there were thousands of other like minded “Gully Bulls” all over the country. Furthermore, all the major trucking companies had poured millions into the Save Toll Equality campaign. Facetruck CEO Mark Tuckerberg donated $50 million. YouTruck CEO Eric Smith donated another $40 million. Major media outlets blared constant headlines about the Save Toll Equality movement. Every American was talking about it.

    Just two hours before Gully Bull’s current speech, the massive campaign had finally forced Trunk’s FCC to reverse its position. “Today I stand before you, not as a small business man, but as an American. An American that wants an Intertoll that is not just affordable for us, but, also for our childrens’ children.”

    18 MONTHS LATER…

    “IT’S JUST NOT FAIR!” screamed Gully Bull into his smartphone to the CEO of Verizone, the largest ISP in the nation. Since toll equality, many ISPs went out of business. Verizone survived thanks to a massive rate hike. It was easy since much of their competition disappeared. Although everyone now paid the same, the new $10 rate was double the previous $5 for small cars. Truckers fared better as $10 was one third of their previous $30.

    “Mr. Bull, we believe in treating everyone fairly and strictly honor toll equality on all our toll roads. We raised our rates on small cars to cover the extra wear from heavier trucks. We also had to make up the lost revenue from the new lower truck rate.”

    “Yes but $10 is killing my car delivery business! And, you’re giving the truckers a handout!”

    “I’m sorry you feel that way. Please take up any further concerns with the FCC. Good day.”

    The next week, Gully Bull’s company went bankrupt and the country slid into a recession. Facetruck and YouTruck reported record quarterly earnings.

    On a completely unrelated note. Since I have your attention dear reader, allow me to comment on something completely unrelated, net neutrality: DON’T BELIEVE THE HYPE!

    Feedback

    You can contact me by clicking any of these icons:

    Acknowledgements

    I would like to thank IOHK (Input Output Hong Kong) for funding this effort.

    License

    This work is licensed under the Creative Commons Attribution ShareAlike 4.0 International License.



  • Ethereum Commonwealth Development Vision & Roadmap for Ethereum Classic

    Ethereum Commonwealth is an Ethereum Classic development team. There are two main goals for Ethereum Commonwealth:

    1. Solve already-existing problems of Ethereum Classic chain.

    2. Develop, improve and maintain Ethereum Classic network.

    Additionally, Ethereum Commonwealth is working on alternative Ethereum-compatible chains improvements. We believe that all Ethereum-compatible networks form a common ecosystem. We think that by improving one of the parts of this common ecosystem, we also improve the adoption of all the other parts of it, thus improving ETC.

    The policy of financial transparency.

    Ethereum Commonwelath is a fully financially transparent development team. This document represents the whole history of Ethereum Commonwealth financial operations from the moment of initial launch: financial state.

    Read this for more information: https://github.com/EthereumCom...

    Decision making process.

    Major decisions are made through DEX token voting. Read voting session example for more information.

    Minor decisions are often made by @Dexaran as Ethereum Commonwealth founder.

    In case of conflict of interests the decision is always made through DEX token voting.

    The policy of openness for contributors.

    Ethereum Commonwealth is open for contributions. Anyone is allowed to submit a contribution to any of the Ethereum Commonwealth projects or to propose a new milestone for Ethereum Commonwelath roadmap.

    For more information feel free to write a e-mail: dexaran@ethereumclassic.org

    Roadmap

    The Ethereum Commonwealth Roadmap is open and defined by the community during the development of Ethereum Classic. Everyone is allowed to create a milestone for the Ethereum Commonwealth or launch a voting session for certain proposal.

    The milestones will be achieved as far as development will go forwards.

    Solving problems of Ethereum Classic network will always have a higher priority for the Ethereum Commonwealth, than the development and implementation of innovations. We believe that establishing a sustaining and secure technology, infrastructure and ecosystem is the main goal for the Ethereum CLassic project to succeed.

    A part of milestones was defined during the DEX ICO.

    Reference

    What we already did:

    • ENS for Ethereum Classic.

    • ClassicMask browser extension.

    • ClassicEtherWallet maintenance.

    • DexNS naming service for smart-contract and automated token support.

    • Viper online compiler.

    • ERC223 token standard.

    Ethereum is moving forwards. It is guaranteed that Ethereum developers will make mistakes. It is just impossible to develop something error-free with a first attempt. Our goal is to track this mistakes, solve them and introduce an improved implementation for Ethereum Classic.

    ENS was launched with two critical mistakes on Ethereum. We launched ECNS without any mistakes on Ethereum Classic.

    ERC20 token standard caused loss of millions of dollars on Ethereum. We have developed ERC223 token standard to solve this problem. Unfortunately, it is nearly impossible to restandardize the whole Ethereum because of huge network effect and wide adoption of ERC20, but it is possible to form a healthy and secure infrastructure of ERC223 tokens on ETC.

    Parity Multisig wallet was hacked twice on Ethereum. There were no Parity hacks on Ethereum Classic at all.

    We prefer to stay a couple steps back and implement well-tested solutions than to rush and launch as fast as possible.

    Repository

    Each project has the corresponding milestone issue development discussion at the Roadmap issues.

    If someone has ideas or suggestions, then he should submit a new issue for discussion.

    This repository will be the central unit for discussing the technical details of the development of the Ethereum Commonwealth projects.

    DEX ICO repository is moved here.



  • Hello,

    How many tokens using ERC223 standard? Actually lot of tokens are using ERC20!!

    Check Ethereum stats and price in Cryptostats



  • Ethereum Classic Release Geth 4.2.0

    Geth 4.2.0 brings a new console output which makes it much easier to monitor current status of Geth synchronization status. Now you can track the process of peer discovery, initial sync and how geth is catching new blocks at this moment:

    geth-status2

    Logging display made independent from debug logs. Run geth help to view new flags under "Logging" and "Experimental."

    Additional features

    • Support for SputnikVM. It's in testing right now, disabled by default, use flag --sputnikvm to enable it.
    • Debug logs are by default written to file system, with functionality and options for log compression and rotation

    Fixes

    • Allow GOMAXPROCS environment variable to be set

    Contributors

    .zip.sig and .tar.gz.sig files are detached PGP signatures .zip.asc and .tar.gz.asc files are ascii-armored detached PGP signatures .zip and .tar.gz are archive (compressed) files containing the geth executable

    To verify a release with a signature: First, make sure you have a gpg tool installed, eg. gnupg or gnupg2. Then, if you haven't already, you'll need to import the signing key, which you'll find here. This step is included below.

    # Import my signing public key
    $ wget https://raw.githubusercontent.com/ethereumproject/volunteer/master/Volunteer-Public-Keys/tomek%40zdybal.lap.pl.pub
    $ gpg —import tomek@zdybal.lap.pl
    # Verify
    $ gpg --verify geth-classic-linux-v4.2.0-c11fbdf.tar.gz.asc 
    gpg: assuming signed data in 'geth-classic-linux-v4.2.0-c11fbdf.tar.gz'
    gpg: Signature made Tue 02 Jan 2018 11:01:33 PM UTC
    gpg:                using DSA key 86C9E79D83B626AE95548DC3F157D3BD6E2EED66
    gpg: Good signature from "Tomasz Zdybał (personal) <tomek@zdybal.lap.pl>" [unknown]
    gpg: WARNING: This key is not certified with a trusted signature!
    gpg:          There is no indication that the signature belongs to the owner.
    Primary key fingerprint: 86C9 E79D 83B6 26AE 9554  8DC3 F157 D3BD 6E2E ED66

    All tagged and development downloads are also be available at our automated builds website: http://builds.etcdevteam.com

    Download:

    https://github.com/ethereumpro....



  • Ethereum Classic profitability reaches new high for the year

     




  • Ethereum Classic  January Dev Update 

    Callisto Network Project.

    Rationale:

    • The main goal of Callisto network is to research and provide a reference implementation of an experimental protocol changes that aim to establish a smart-contract based on-chain governance system, completely financially transparent built-in development funding mechanism and balance the interest in the network between the miners and coin holders (ordinary network users).

    • It is possible to improve the scalability of both ETC and Callisto networks by using one as a sidechain.

    • Create a field for crosschain services improvements. It is also possible to establish a core of any crosschain service at the Callisto network and use Callisto smart-contracts state on ETC chain and visa versa which allows to facilitate the bandwidth of ETC chain. (Currently, DexNS, Address-To-Address message system, Token swap channels and ECNS are crosschain services that are deployed on ETC chain simultaneously)

    Here you can track the progress:

    Summary:

    Callisto is a separate blockchain that is based on Ethereum protocol with its own cryptocurrency (CLO). Callisto has a fixed cap monetary policy similar to ETC. Unlike ETH, ETC is posing itself as a value storage. It should be noted that the ETC does not have any incentives for coin holders. The whole emission is completely controlled by miners and their influence grows with the growth of the network. Callisto introduces a Cold staking protocol that rewards coin holders for being a network participants.

    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 preiod 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 which is important since ETC adheres to POW consensys. It is only necessary to call the “Staking contract” to become a cold staker.

    Cold staking is a step towards the goal of turning the desired cryptocurrency into a value storage currency because this significantly increases a total demand to hold for stake holders. Further protocol improvements would be described at this open document. It may take years to propose any changes to ETC protocol and achieve a consensys on whether we need to implement it or not. As the result it was decided to launch a separate network to implement the protocol. If the reference implementation will succeed then we can implement the protocol changes on ETC as well.

    Cold staking protocol could be an intermediate step of automated on-chain governance system implementation. Callisto whitepaper will be released soon.

    Callisto Initial Distribution

    It was decided to distribute the initial stake of CLO between current ETC holders. We will make a snapshot of ETC blockchain at block 5500000 (approximately 5 March, 2018. This depends on ETC block time and ETC hashrate changes). Then we implement the initial balance of each ETC holder in the Callisto network genesis block, so each ETC owner will receive CLO coins automatically in a 1:1 ratio to the amount of ETC that he had at block 5500000.

    2. Cold staking protocol.

    Problem that is solved by this project:

    • There is no incentive for coin holders to continue to own coins which is important for “store of value” currencies.

    • Interest and influence in the network are not balanced. The balance is strongly biased towards the miners.

    • Lack of governance system. Cold staking protocol could serve as an intermediate step for governance system implementation.

    Here you can track the progress:

    Update summary:

    Reference implementation of the cold staking protocol is developed and tested. The 1.0 version of the protocol has some issues that can hurt the network bandwidth in some circumstances. The 2.0 version of the protocol is intended to resolve bandwidth issues but it is still in development.

    3. Callisto testnet.

    Problem that is solved by this project:

    • Lack of a specialized testnet for Callisto and ETC chains. If Ethereum will introduce any breaking changes then there will be no viable testnet for ETC chain. Morden testnet is very old and require syncing and mining a test block to start testing contracts on it which is not suitable in most cases.

    Here you can track the progress:

    Update summary:

    Callisto-TEST is ETC-compatible implementation of Callisto protocol that allows to run smart-contracts with the same version of EVM that ETC is currently relying on. Unfortunately, there is no blockchain explorers that support Callisto-TEST now. We are working on our own blockchain explorer that will support multiple networks but it is still in development.

    Callisto-TEST is now supported at ClassicEtherWallet.This means that any developer can successfully deploy, run, test and debug contracts on Callisto-TEST network. We have a manual faucet for Callisto at the moment. You should join the ETC discord and type your address at the special #callisto-faucet channel in tech topic. We will distribute test-CLO manually (analogue to how Ropsten testnet works).

    Advantages of Callisto-TEST network:

    • Proof of Authority consensys. High DDOS resistance.
    • Zero install requirements to test your contracts at this testnet.
    • No need to sync your node to test contracts at this testnet.
    • Reduced block time for testing reasons which allows to execute contract calls and normal transactions faster.

    4. DexNS revenue.

    Here you can track the progress:

    DexNS revenue address:

    Update summary:

    A final version of DexNS is launched. 56 names are currently registered at DexNS which brings 5,6 ETC to the revenue distribution address. The amount is too small to launch a distribution between DEX token holders now.

    The amount of revenue that is generated by DexNS will be distributed between DEX token holders according to announcement #24: revenue distribution process of Ethereum Commonwealth as soon as the amount of revenue will be sufficient to cover gas fees for transfers to the smallest DEX holders.

    5. Address to Address message system.

    Problem that is solved by this project:

    • This contract solves the problem of impossibility to contact the address owner without knowing anything other than his address.
    • Ethereum lacks a central messaging system that will allow to contact an address owner directly. As the result there is no viable way to deliver a message to address owner without knowing his real identity.

    Here you can track the progress:

    Update summary:

    A2A Message smart-contract is successfully deployed. The next step is UI implementation and integration with ClassicEtherWallet.

    For more information read this:


    6. ClassicEtherWallet maintenance.

    Rationale:

    • Maintain and improve the efficiency of the main web-wallet of Ethereum CLassic.

    Here you can track the progress:

    Update summary:

    • Callisto-TEST network integration.
    • Specialized GAS options for Callisto-TEST network.
    • Minor UI fixes and upgrades.
    • UBQ RPC endpoint fix.
    Ethereum Commonwealth

    Ethereum Commonwealth is a completely financially transparent
    development team that aims to solve a number of Ethereum Classic
    infrastructure problems and improve the whole Ethereum Classic
    ecosystem.
    You can find a complete Ethereum Commonwealth roadmap here.
    Ethereum Commonwealth official address: 0x52823e725a34d42e14a1b66fb67299c30c4d8edf
    If you have something to say, feel free to reply to this post or contact via e-mail: dexaran@ethereumclassic.org



  • Ethereum Classic (ETC) Release Geth  V 4.2.1

    Bugfix release

    Fixes

    • Link geth statically on Linux, to make released binary more compatible (#454)

    Contributors

    .zip.sig and .tar.gz.sig files are detached PGP signatures .zip.asc and .tar.gz.asc files are ascii-armored detached PGP signatures .zip and .tar.gz are archive (compressed) files containing the geth executable

    To verify a release with a signature: First, make sure you have a gpg tool installed, eg. gnupg or gnupg2. Then, if you haven't already, you'll need to import the signing key, which you'll find here. This step is included below.

    # Import my signing public key
    $ wget https://raw.githubusercontent.com/ethereumproject/volunteer/master/Volunteer-Public-Keys/tomek%40zdybal.lap.pl.pub
    $ gpg —import tomek@zdybal.lap.pl
    # Verify
    $ gpg --verify geth-classic-linux-v4.2.0-c11fbdf.tar.gz.asc 
    gpg: assuming signed data in 'geth-classic-linux-v4.2.0-c11fbdf.tar.gz'
    gpg: Signature made Tue 02 Jan 2018 11:01:33 PM UTC
    gpg:                using DSA key 86C9E79D83B626AE95548DC3F157D3BD6E2EED66
    gpg: Good signature from "Tomasz Zdybał (personal) <tomek@zdybal.lap.pl>" [unknown]
    gpg: WARNING: This key is not certified with a trusted signature!
    gpg:          There is no indication that the signature belongs to the owner.
    Primary key fingerprint: 86C9 E79D 83B6 26AE 9554  8DC3 F157 D3BD 6E2E ED66

    All tagged and development downloads are also be available at our automated builds website: http://builds.etcdevteam.com.

    Download:

    https://github.com/ethereumpro...



  • Ethereum Classic (ETC) Release emerald-js-ui v0.0.8

    Download:

    https://github.com/ethereumpro...



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