We’re excited to present you with this year’s First Quarter ECC Transparency Report. At the ETC Cooperative, we believe transparency is paramount to groups and firms in the digital asset space. The ECC provides users with a vast amount of the organization’s transparency by releasing quarterly reports and shorter monthly board packages.

Below we will provide an update on the ECC’s budget and financials, an overview of the major milestones achieved in Q1, and what we envision for Ethereum Classic in our 2021 Roadmap.


Hyperledger Besu is an Apache 2.0 licensed, MainNet compatible, Ethereum client written in Java. Besu allows you to run Ethereum Classic and related Testnets. Nodes allow you to download and sync the blockchain, interact with the blockchain via API, run mining nodes, and more.

Goals

  • Install and manage Besu with Docker
  • Start Besu for ETC MainNet and related TestNet
  • Start Besu as a API service and/ or mining service
  • Optional: Setup basic metrics and monitoring

System Requirements


Screenshot from 2021–05–05 17–14–44, https://messari.io/asset/ethereum-classic

Ethereum Classic has taken leaps in price action and soared in market cap sitting in the top 20 cryptocurrencies. Many are wondering what’s going on with Ethereum Classic? I’m assuming many readers are completely new to Ethereum Classic. Therefore, let’s briefly explain what Ethereum Classic is.

Quick History

Ethereum Classic (ETC) and Ethereum (ETH) are cousin blockchains that split during the contentious Ethereum DAO Hard Fork. TheDAO was meant to be a decentralized venture capital fund for Ethereum projects, but the crowd sale had more holes than swiss cheese, and investors got rekt. So, part of the community wanted to hard fork…


A recent 7-day poll conducted on Twitter showed 82.7% of 515 votes in favor of an Ethereum Classic Treasury to fund multiple independent core development teams and community grants [1]. Previous polls showed:

  • ETC Telegram: 77% of 91 votes in favor of Treasury [2].
  • Twitter: 78% of 604 votes in favor of Treasury [3].
  • ETC Reddit: 60% of 64 votes in favor of Treasury [4].

These polls combined, show 74.43% of 1274 votes in favor of an ETC Treasury.

An Ethereum Classic proto-treasury system was proposed by IOHK in ECIP-1098 with the goal of establishing funding for multiple independent core…


As stewards of the Ethereum Classic protocol, the ETC Cooperative believes transparency is paramount. As such, we are pleased to share the ETC Cooperative’s Board Package for January and February.

Overview:

  • 2020 retrospective report.
  • 2021 roadmapping and budgeting.
  • 2021 AGM held.
  • Keccak (Sha-3) progress.
  • Astor testnet (released in March)
  • Ongoing liaison with IOHK’s Mantis team.
  • Infrastructure automation templates in progress.
  • ETC Weekly (newsletter)


Hyperledger Besu is an enterprise Ethereum client written in Java under the Apache 2.0 license. The best installation option for Windows users is to install via binary distribution or build from source. If you must use Docker, just use Linux or MacOS for a better Docker experience.

Dependencies

Besu requires Java SDK version 11 or greater to compile.

Check Java is installed:

$ java — version 
java 15.0.2 2021–01–19 Java(TM) SE Runtime Environment (build 15.0.2+7–27) Java HotSpot(TM) 64-Bit Server VM (build 15.0.2+7–27, mixed mode, sharing)

Download and install binary

Binary releases hosted and downloadable from Bintray. View all releases…


We are pleased to announce ETC Cooperative’s 2020 Retrospective. The mission of the ETC Coop is to steward the development of the Ethereum Classic protocol and to support the growth of a mature ecosystem around that protocol.There are three pillars to this mission:

  • Accelerate adoption of ETC technology by individuals and enterprises through effective branding, marketing and education.
  • Foster collaboration between ecosystem participants including developers, miners, investors, enterprises and end-users.
  • Mature Governance and Transparency — efficient and transparent governance framework, including use of funds.

This 2020 retrospective for the ETC Coop is organized around these three pillars — Adoption, Collaboration, and Governance. The retrospective is another product of the revamp of the ETC Cooperative’s governance and transparency which was put in place at the Annual General Meeting held on 17th March 2020.


ETC Cooperative is supportive of the proposal for an Ethereum Classic Treasury to establish sustainable funding for independent teams to both maintain the core protocol and evolve the Ethereum Classic platform, as well as grant pools for wider community development. IOHK brought the Treasury proposal back on the table in ECIP-1098 and implementation of a treasury is live on the Sagano Ethereum Classic testnet. We’re writing this to substantiate our support for this proposal and hopefully answer some questions.

Blockchain protocols are complex systems that are expensive to research, develop, and to maintain in an increasingly competitive market. Ethereum Classic…


Hyperledger Besu is an open-source Ethereum/ Ethereum Classic client developed under the Apache 2.0 license and written in Java. In this tutorial, we’ll install Hyperledger Besu on Linux.

Prerequisites

Besu requires Java JDK 11+ to compile.

Installing OpenJDK 11+

Update packages:

sudo yum update # sudo apt update

Besu requires Java 11+ to compile. Check if Java is installed:

java --version

If Java 11+ is already installed, then it should look like this:

$ java --version
openjdk 11.0.9 2020-10-20 LTS
OpenJDK Runtime Environment 18.9 (build 11.0.9+11-LTS)
OpenJDK 64-Bit Server VM 18.9 (build 11.0.9+11-LTS, mixed mode, sharing)

Install OpenJDK 11:

Optional JDK…


The Ethereum Classic community is riddled with ideas and new contributors wanting to take Ethereum Classic to new levels. Ethereum Classic core devs and participating stakeholders met on August 28, 2020, in a productive meeting to discuss a variety of Ethereum Classic Improvement Proposals (ECIPs). Participating organizations included Byzantine Fault, ChainSafe, Chipper Robotics, Ethereum Classic Core, Ethereum Classic Cooperative, Ethereum Classic Labs, RootStack, VeriBlock, and a dozen other members from the community.

The agenda

Due to the time limit, not all proposals were discussed but will be entertained in further meetings to be announced.

Main actions items & decisions

  • ECIP-1043 proceeds to a 3-week last-call period: ECIP-1043…

Stevan Lohja

Director of Developer Relations at ETC Cooperative

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