ETC Weekly Newsletter : Protocol Update Successful!

1/17/2017 Carlo V

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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 Magazine as well as nasdaq.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.

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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