Breaking News: ETC (Ethereum Classic) China official community is established and officially operates

About Ethereum Classic ( ETC)

ETC Origin and Concept

The rise of ETC stems directly from the world's largest smart contract vulnerability incident, The DAO. In the process of handling the incident, the Ethereum Foundation failed to provide a satisfactory solution to the controversial Ethereum fork problem. At that time, 19% of Ethereum holders did not support hard forks, and 22% of Ethereum miners did not support forks at all. However, due to the authoritative position of the core team, these opposing voices were drowned out. In order for Ethereum to develop in a better direction, a group of developers who adhere to the core values ​​of blockchain formed Ethereum Classic to issue an independent new cryptocurrency, namely Ethereum Classic (ETC). Since then, Ethereum has split into two major camps, ETH and ETC.

Ethereum Classic (ETC) is a hard fork of Ethereum after the 1,920,000th block, and its functions are similar to Ethereum. In addition, ETC adheres to the concept of decentralization and blockchain consensus mechanism, and firmly believes that once its blockchain network starts running, its development direction will not be influenced by any centralized team, but will be jointly determined by the consensus of the people involved in the entire blockchain network and the computing power of the entire network.

ETC goals and development

The goal of the ETC project is to maintain the core essence of the original Ethereum blockchain and provide a new option for those who do not support the DAO approach.

Since the fork, the monetary policies of ETH and ETC have also taken different paths. ETH currently has no upper limit and is in a stage of continuous issuance. ETC, on the other hand, continues the tradition of the Austrian School of Economics and plans to reduce production in the same way as Bitcoin, with a planned total amount of no more than 210 million.

In addition, ETC has a greater advantage than Ethereum based on the POW mechanism. At present, the POW mechanism based on proof of work has been proven by the market to be the best system. Among the top ten digital currencies in terms of total market value, eight are based on the POW mechanism.

In addition, Chang Qia, the founder of the blockchain information portal Babbitt, also published an article in September 2016 to justify ETC, arguing that ETC is the legitimate chain that should be recognized.

Ethereum Classic ( ETC) related teams and plans

Ethereum Classic Cooperative ( ECC)

https://etccooperative.org/  

ECC is responsible for supervising the funds of all parties supporting ETC and ensuring that these funds are effectively used in the construction of the ETC ecosystem.

These include:

l ETC protocol, architecture and application development

l ETC technology promotion, application teaching and marketing

l ETC community cultivation

ECC Board of Directors Introduction:

l Igor Artamanov (Splix)——ETCDEV team leader

Charles Hoskinson — helped create Ethereum and Ethereum Classic. CEO of Grothendieck’s company (IOHK), one of the ETC development team .

l Elaine Ou——Blockchain Engineer, ETCDEV Team Consultant

Barry Silbert——CEO of Digital Currency Group, founder of ECC

l James Wo——Senior ETC enthusiast, founder and chairman of blockchain investment fund Digital Finance Group

ECC team members introduction:

l Anthony Lusardi——ECC US Director

l Christian Xu——ETC Community Manager

Technical development team:

ETCDEV Team

https://www.etcdevteam.com/  

ETCDEV is a software development team composed of software engineers and experts, focusing on the development of ETC's core projects. The ETCDEV team is responsible for developing and maintaining the ETC blockchain client - Classic Geth, and has also developed new projects such as the Jade Platform, Jade Wallet and SputnikVM. The ETCDEV team's roadmap for 2018 includes:

Remove the difficulty bomb

Mobile Jade Wallet

l Release DAPP SDK (Emerald Project)

Develop sidechains

lCompatible with ETH opcodes

lIntegrate IPFS

lOptimize the Ethereum virtual machine SpitnikVM and compilation environment

Improve the statedb layer

Grothendieck Team

https://iohk.io/projects/ethereum-classic/#team  

Grothendieck is a team from IOHK that focuses on ETC development. IOHK is a technology company in the digital currency and blockchain industry that provides people with peer-to-peer digital financial solutions.

Ethereum Commonwealth

Commonwealth is a mysterious team that may consist of only Dexaran. Its development goals include

Improve the compatibility between Geth and Classic Geth

Increase social activities

Unified coding standards

lDevelop projects such as ECNS, DexNS and ERC223

Decentralized token exchange

l Protocol upgrades similar to Raiden Network and SWARM

Implementing zk - SNARKs

Develop governance systems

ETC Community

Official website: http://www.ethereumclassic.org

Blockchain browser: http://etherhub.io

Official WeChat public account: ETC_Community

Official QQ group: 769408114

Official Telegram group: http://t.me/etczh

Ethereum Classic Community WeChat group entry assistant:

Ethereum Classic Community WeChat Official Account: