Ethereum Classic (ETC) Roadmap, September 2016

1. ROADMAP
September 2016
by Igor Artamonov

2. PreamblePreamble

3. The DAO story
The DAO is a Smart Contract based fund
Raised $150,000,000 from 10,000+ investors
Was hacked and lost up to $50,000,000

4. Hard Fork Happened
Ethereum Foundation initiated a blockchain fork (Hard Fork) to
return hacked assets
The blockchain state was rewritten

5. 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

6. StatusStatus

7. Ethereum Clients Ready
Clients for Ethereum Blockchain nodes are ready:
● Go Ethereum (Geth)
● EthCore Parity
● EthereumJ

8. 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

9. ETC Community
Active GitHub team, 1000+ members on Slack, IRC
2500+ Reddit readers, Telegram, Forum, Wiki & several blogs
Meetups in London, Zurich, Shanghai, Phoenix.
NY and SF soon

10. 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

11. Public Donations
Donations from ETC supporters, including
donations from CHBTC and Epool
Donation process is starting to formalise as
further contributions are planned

12. Crypto Exchanges
ETC supported by Poloniex since its birth.
Now supported by every major Crypto Exchange
Trading at 1/10 of ETH Ethereum
Expecting Price Parity

13. First Commercial Projects
Despite the fact that Ethereum Classic is a 2 month old
blockchain, it has already received serious attention from
developers
Fundonomy, GasTracker, Minebox, Solidarity, Stampery and
Tortuga Trading
More to come...

14. What is
Ethereum Classic?
What is
Ethereum Classic?

15. “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

16. 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

17. 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

18. Roadmap

19. 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

20. Reorganization Q4 2016
Setup Funding Process
Stabilize the Platform
Expand Dev Team with hired developers

21. Next ETC Generation Apr 2017
Migrate to Hybrid PoW/PoS. Not rejecting PoW
Replay Attack Protection and new Monetary Policy to stop
inflation and infinite coin supply
10 second block time

22. 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

23. 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 fintech
For Java & C++ developers
License tools under commercial friendly licenses
MIT/Apache2, in oppose to Forked Ethereum which is
licensed under restricted GPL/LGPL

24. 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

25. Ethereum Classic
http://ethereumclassic.org
Twitter @eth_classic
GitHub @ethereumproject
Slack http://ethereumclassic.herokuapp.com/
2016