ETC publishes "Declaration of Independence" and shares its development plans

ETC publishes "Declaration of Independence" and shares its development plans

Ethereum Classic is a branch of Ethereum. After the Ethereum hard fork, it has been adhering to the operation of the old chain. Regarding the relationship between ETC and ETH, ETC recently published a "Declaration of Independence". ETC was officially established on July 20, 2016. In the declaration of independence, it stated its position and principles and listed future development plans.

The ETC community is against ETH's way of doing things. Due to the attack on DAO, ETH had to conduct a hard fork to retrieve the stolen ether. However, the ETC community believes that this behavior violates the blockchain's anti-censorship system, and the foundation as a third party should not intervene, which is a deceptive act.

Although ETC acknowledged the advantages of this hard fork and the contributions made by the Ethereum Foundation, and affirmed the Ethereum protocol created by developers, it still pointed out many shortcomings of the developers in the Declaration of Independence. The ETC community believes that the ETH hard fork is only to blacklist and censor "ordinary transactions". In this way, they violated the original intention of the system's creation - decentralization. ETC accused ETH of ignoring the choice of users. ETH's behavior led to the collapse of the democratic process and violated the tamper-proof nature of the Ethereum protocol. After the hard fork, ETH ignored the threat of replay attacks, causing some community users to suffer huge losses.

ETC also denied DAO, saying that it was just a paper talk, but it was full of loopholes in actual implementation. ETC promised that it would not make the same mistake again. ETC listed 6 platform principles (Code of Principles) in its Declaration of Independence.

  1. ETC is a fully decentralized platform that can never stop operating due to failure, censorship, deception, or third-party interference.

  2. The ETC code is equivalent to the law. The distributed ledger protocol and all property therein will not be subject to any form of change.

  3. The ETC blockchain will not fork unless it is absolutely necessary.

  4. Anyone has the right to invest in ETC internal projects. The types of funds can be diverse, as long as the entire process is open and transparent and complies with the decentralized crowdfunding protocol.

  5. Anyone has the right to propose improvements to the ETC protocol.

  6. Anyone can create Dapps, launch crowdsales, and create DAOs using the ETC platform.

ETC said it will continue to resist any attempt to centralize the protocol and management structure. At the same time, the ETC community welcomes everyone to join their decentralized family.

Since its launch, ETC has received a lot of attention from the outside world, proving its significance. Some members of the ETH community who once denied ETC have also chosen to turn to ETC and contribute to its further development.

a

<<:  The exchange is too unreliable! What should I do with Bitcoin?

>>:  Unlimited development team successfully deployed Xthin block (extremely thin block)

Recommend

Face analysis: What kind of forehead is good?

The Yin Tang belongs to physiognomy in metaphysic...

Teach you how to tell the fortune of acquaintances by their faces

Cloudy eyes Eyes are the windows to people's ...

Whether to have a boy or a girl, the children line can help you judge

Boy or girl? This question has always been a hot t...

Lee Min Ho, the jealous king of Asia, Lee Min Ho's face

Lee Min Ho shot to fame after starring in "B...

Who will buy a house based on their appearance?

Who will buy a house based on their appearance? (...

Physiognomy: The Physiognomy Classic "Tai Qing Shen Jian"

The six-volume physiognomy book "Tai Qing Sh...

European Investment Bank to issue 100 million euro digital bond on Ethereum

The European Investment Bank (EIB) will issue a b...

A woman who is extremely lucky in both love and career

Life isn't just about sitting and waiting for...

People with anxiety disorders are born to feel anxious

Everyone has their own emotions, and people shoul...