ETC hard fork completes protocol update, completely deviating from ETH development track

This is the second weekly report of 2017. ETC is in good shape. Last Friday, January 13, ETC performed a hard fork protocol update (DieHard) at block 3,000,000 . The content of the DieHard update is as follows:

1. Difficulty Bomb Delay (ECIP-1010)

2. EXP Repricing (EIP-160)

3. Replay attack protection (EIP-155)

I would like to thank the ETC development community for their hard work day and night. It is because of them that ETC has become a safe and stable platform. At the same time, I would like to thank the miners, exchanges, investors, traders and other community members. ETC community members come from different countries, with different languages, cultural backgrounds and ideas, but the good communication of the team has broken through all obstacles. Our teamwork has made ETC stronger, and no one could have expected this. Aaron Van Wirdum reported on this successful protocol update in Bitcoin Magazine and nasdaq.com.

Other contents of this weekly report are as follows:

1. ETC London Conference Video

2. Article by community member Prophet Daniel

3. Epool's mining video tutorial update

4. The possibility of ETC creating ETF

5. New article by Dr. Seberino

6. Community member "Jerry" ETC blog update

7. TechCrunch Article

8. News and information sharing platform ETC.today

9. "Let's Talk ETC" youtube channel

10. ETC Monetary Policy

11. ETC recruits Rust and JS developers

12. ETC Wikipedia Page Construction

13. Community Index

ETC hard fork completed

Aaron Van Wirdum reports on ETC protocol updates and hard forks at Bitcoin Magazine and nasdaq.com.

Most importantly, this hard fork (Die Hard) lifted the difficulty bomb (originally scheduled to freeze the Ethereum original chain protocol this year). In addition, ETC deployed replay attack protection to ensure that ETH transactions are invalid on the ETC chain and vice versa. At the same time, developers also adjusted technical parameters to increase the cost of spam attacks.

Regarding this hard fork, Arvicco, head of ETC, said:

Now that key technical issues such as difficulty bomb and replay attack protection have been properly resolved, the ETC development team will focus on reforms with greater long-term impact, such as monetary policy and improvements to platform stability and security.

ETC London Conference Video

A short video of the London meeting has been uploaded to Youtube. Please leave a comment and share your thoughts.

Sustainable Development Goals

Community member Prophet Daniel published an article calling on everyone to participate in the construction of ETC.

Mining video tutorial

Epool updated the mining video tutorial.

ETC Exchange Traded Fund (ETF)

After the ETH hard fork, the network split in two. Soon after, Poloniex launched the ETC token. Silbert is one of the famous Bitcoin investors who bought a lot of ETC early and publicly supported it. The CEO of Digital Currency Group (DCG) is so fascinated by ETC that he even expressed interest in creating a publicly traded ETF for it. This move by DCG is not completely impossible to come true, as they own the Bitcoin Investment Trust, which currently manages more than $150 million in assets.

New article by Dr. Seberino

1. What are hashes? Why are they so important to the Internet and blockchain?

A hash function is a function that produces output values ​​that are exactly the same size. These outputs are called hash values. For example, a SHA1 hash value is 20 bytes; hash functions can directly verify the authenticity of a document. For example, to verify that two terabyte-sized documents are identical, it is much easier to directly compare their hash values ​​than to verify each bit one by one!

2. Introduction to Bloom Filters: Why are they so useful in blockchain and other fields?

Bloom filters are binary vector data structures used to detect whether an element is a member of a set. Browsers use Bloom filters to detect malicious websites; databases use them to avoid searching for data that does not exist.

Community member "Jerry" ETC blog update

ETC community member "Jerry" opened a blog on Medium to provide real-time updates on the development of ETC.

TechCrunch article on decentralized internet

At present, the total market value of blockchain assets is $13 billion. Compared with the current system value, blockchain technology may not occupy a high position. However, as long as decentralized blockchain protocols begin to replace centralized network services (which are currently the dominant players in the Internet market), we will soon witness the true domination of the Internet. The future Internet must be decentralized.

News and information sharing platform ETC.today

The content of this platform mainly covers news in the fields of Bitcoin, ETC and blockchain.

"Let's Talk ETC" youtube channel

Every Tuesday at 7:30 pm EST, we will talk about the latest developments in the ETC community on this show. Last week's show invited "ProphetDaniel", a long-term contributor to the ETC development community. We will discuss topics such as ETC development and blockchain in the show.

ETC Monetary Policy

The ETC monetary policy submitted by @snaproll has been officially adopted and incorporated into ECIP-1017 (ETC Improvement Protocol).

ECIP-1017 is the final revision of ETC's monetary policy, which limits the current issuance of one block to 14.0625 ETC. The improvement agreement proposes the theoretical maximum issuance of ETC and a specific issuance reduction plan. In addition, ECIP-1017 also explains how to maintain the currency issuance plan by changing the network consensus algorithm, which may be from the current PoW to PoS or a hybrid model of PoW+PoS.

Discussions on ETC’s monetary policy are taking place on many social media platforms, but are mostly concentrated in the Slack #monetary_policy channel.

If you want to learn more and participate in community building, relevant posts on Reddit may give you inspiration.

ETC recruits Rust and JS developers

Igor (Splix) is recruiting excellent Rust and JS developers, full-time, remote working. The specific requirements are as follows: have project leadership skills, can make important decisions, and help team members work smoothly; be proactive, need to adapt to the decentralized nature of open source software project teams, and learn to cooperate with the community.

ETC Wikipedia Page Construction

Reddit user "bitp" posted that the current Wikipedia link of ETC has been directly transferred to ETH. ETC community member /u/FaceDeer was once an editor of Wikipedia and provided a lot of professional advice on this. He suggested that the community first add ETC content to the Wikipedia page of ETH, and then call on volunteers to submit and add more information, so that ETC can have an independent page.

The development of the community from the numbers

The community activity is as follows:

Twitter – 33,000 followers
Reddit /r/EthereumClassic — 2,978 subscribers
Slack discussion group – 1,676 participants
Telegram (communication app) — 783 users
WeChat — 472 users

Mining community updates:

Miners – 876.08 GH/s (Source: Gastracker.io)

The top five mining pools by hashrate in the past seven 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