ROADMAP

September 2016
by Igor Artamonov

Preamble

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

Hard Fork Happened

Ethereum Foundation initiated a blockchain fork (Hard

Fork) to return hacked assets
The blockchain state was rewritten

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

Status

Ethereum Clients Ready

Clients for Ethereum Blockchain nodes are
ready:
Go Ethereum (Geth)
EthCore Parity
EthereumJ

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

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

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

Public Donations

Donations from ETC supporters, including

donations from CHBTC and Epool
Donation process is starting to formalise as
further contributions are planned

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

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...

What is
Ethereum Classic?

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 its code that works without

servers and a third party. Its a foundation for
the next generation of Web 3 applications (or
Dapps).
Dapps are apps that runs on Ethereum technology

What is the difference?

Ethereum (ETH)
Managed by the Ethereum
Foundation (EF), a
centralized authority
Blockchain state
modifications can take place
in interests of EF related
companies

Ethereum Classic
(ETC)
Managed by a distributed
community dedicated to the
principles of openness,
neutrality and immutability of
the blockchain
Free from human intervention

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. Its 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

Roadmap

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

Reorganization

Q4 2016

Setup Funding Process

Stabilize the Platform
Expand Dev Team with hired developers

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

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

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

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

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

2016