Date post: | 12-Jan-2017 |
Category: |
Technology |
Upload: | igor-artamonov |
View: | 572 times |
Download: | 0 times |
ROADMAP
September 2016by Igor Artamonov
PreamblePreamble
The DAO story
The DAO is a Smart Contract based fundRaised $150,000,000 from 10,000+ investors
Was hacked and lost up to $50,000,000
Hard Fork Happened
Ethereum Foundation initiated a blockchain fork (Hard Fork) to return hacked assets
The blockchain state was rewritten
Refused by the Community
Part of the community, including miners, developers and investors refused the fork
Community followed existing blockchain by declining the Hard Fork software upgrade. In a few days it self organized into the Ethereum Classic community
StatusStatus
Ethereum Clients Ready
Clients for Ethereum Blockchain nodes are ready:
● Go Ethereum (Geth)● EthCore Parity● EthereumJ
Wallets
Ethereum Classic has a set of desktop wallets:● Fork of official Mist Dapp browser and Wallet● Lightweight browser-based wallet
ClassicEtherWallet
● Multiplatform wallet Jaxx
● Ripple WalletHub support
ETC Community
Active GitHub team, 1000+ members on Slack, IRC2500+ Reddit readers, Telegram, Forum, Wiki &
several blogsMeetups in London, Zurich, Shanghai, Phoenix.
NY and SF soon
Several Mining Pools
Total mining performance 600 Gh/s or about 10% of Ethereum
Supported by top mining pools: BW Pool, F2Pool, NanoPool, Coinotron and many others. Ethereum Classic pools, such as EPool.io
Chandler Guo (BW Pool & BitAngels) is actively supporting ETC.
Many other pools are preparing to launch by end of 2016
More miners are expected to transition to ETC after the difficulty bomb is neutralized
Public Donations
Donations from ETC supporters, including donations from CHBTC and Epool
Donation process is starting to formalise as further contributions are planned
Crypto Exchanges
ETC supported by Poloniex since its birth. Now supported by every major Crypto
ExchangeTrading at 1/10 of ETH Ethereum
Expecting Price Parity
First Commercial Projects
Despite the fact that Ethereum Classic is a 2 month old blockchain, it has already received serious
attention from developersFundonomy, GasTracker, Minebox, Solidarity,
Stampery and Tortuga TradingMore to come...
What is Ethereum Classic?What is Ethereum Classic?
“Ethereum is a decentralized platform that runs Smart Contracts: applications that runs exactly
as programmed without any possibility of downtime, censorship or third party
interference”In other words it’s code that works without
servers and a third party. It’s a foundation for the next generation of Web 3 applications (or
Dapps).Dapps are apps that runs on Ethereum technology
Ethereum (ETH) Managed by the Ethereum
Foundation (EF), a centralized authority
Blockchain state modifications can take place
in interests of EF related companies
What is the difference?
Ethereum Classic (ETC)
Managed by a distributed community dedicated to the
principles of openness, neutrality and immutability of
the blockchain
Free from human intervention
Code is Law
Code is law on the blockchain. All executions are final, all transactions are immutable. For everything else,
there is a time-tested way to adjudicate legal disputes and carry out the administration of justice. It’s called
the legal system.From Ethereum Classic standpoint the DAO hard fork
broke the “laws of the blockchain” by imposing invalid transaction states that go against the nature of the
infrastructure
Roadmap
Delay Difficulty Bomb 1 Oct 2016
“Difficulty Bomb” is a part of the Mining Formula, which forces mining difficulty to grow exponentially. Therefore making mining unprofitable at some point.Ethereum Classic has a plan to stop difficulty growth
for the next year (ECIP-1010)Plan to remove it by the end of 2017
Reorganization Q4 2016
Setup Funding ProcessStabilize the Platform
Expand Dev Team with hired developers
Next ETC Generation Apr 2017
Migrate to Hybrid PoW/PoS. Not rejecting PoWReplay Attack Protection and new Monetary Policy to
stop inflation and infinite coin supply10 second block time
Provide Classic Dapp SDK May 2017+
Ethereum Classic will position itself as a Dapp Developer Friendly blockchain
There will be 1000s of Dapps in next few years, ETC is working on the right tools for 3rd party Dapp
developers
Available for commercial R&D Q3 2017+
We want to make Ethereum accessible not only to Night Hackers, but to corporate R&D, to banks and
fintechFor Java & C++ developers
License tools under commercial friendly licenses MIT/Apache2, in oppose to Forked Ethereum which is
licensed under restricted GPL/LGPL
Secure Ethereum Classic 2018
Encryption tools for Smart Contracts. Functional Encryption and operations over encrypted data
Anonymous transactions. Privacy for Smart Contract storage and execution
Ethereum Classichttp://ethereumclassic.org
Twitter @eth_classicGitHub @ethereumproject
Slack http://ethereumclassic.herokuapp.com/
2016