Dear Ethereum Classic node operators and immutability warriors, we are around 24 hours away from the activation of the Magneto hard-fork which will occur at block 13_189_133. If you are an exchange, wallet, pool, or another user that is operating Ethereum Classic nodes, then please update your node software for the Magneto hard-fork as soon as possible with the following minimum viable client versions:

Besu, v21.1.7, https://github.com/hyperledger/besu/releasesCore-geth, v1.12.0, https://github.com/etclabscore/core-geth/releases Mantis (beta)

As of writing, most major exchanges, pools, and wallets have confirmed their readiness for Magneto, but you should check with your specific service providers to ensure they are…


Ethereum Classic development teams are undergoing work in preparation for the Magneto network upgrade. Magneto will be inclusive of the Ethereum Berlin upgrade features. ETC dev teams met on ETC Call 17 to discuss the Magento upgrade and concluded to move the Magneto proposal described in ECIP-1103 to last-call status… ECIP-1103 has graduated last-call to accepted status and proceeding with the following schedule:

Magneto Hard Fork Schedule

This schedule is dependent on successful TestNet activation and may be subject to change. Dates of activation are estimates.

Mordor TestNet, 3_985_893, 2021–06–02Kotti TestNet, 4_368_634, 2021–06–09Sagano TestNet, TBD, TBDETC MainNet, 13_189_133, 2021–07–21

Clients

Besu, v21.1.7


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. ETC Cooperative, IOHK Mantis, and the SHA3 Classic Coalition have been supporting efforts around ECIP-1049 which proposes to change the ETC PoW algorithm to Keccak-256 (Sha-3). This has lead to keccak mining support in Besu, up and coming Keccak support in IOHK Mantis, and ETC Coop is supporting keccak mining support in Core-geth. …


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.

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