Ethereum Classic sees Unprecedented Momentum and Growth

Distinguished ETC Stakeholders,

Over the past six months, ETC has made significant progress in terms of technology, community and influence. ETC will soon introduce its first significant systematic upgrade, Atlantis, which will greatly improve ETC’s performance and its compatibility with ETH. The community has grown significantly, with more people from more places, communicating more frequently and actively. ETC has seen a marked increase in its influence and visibility. For example its rating on Flipside Crypto’s has risen from “B” to “A.” ETC is witnessing the best period of growth in its history.

Since the ETC Labs core dev team was established in November 2018, it has developed a number of features and applications for ETC. The dev team submitted 100% of the new code to improve the ETC infrastructure and projects such as EVM-RS, EVM-LLVM, EVM-FFI, EVM JIT Compiler. In addition, the team has built popular tools such as Open RPC, Jade Signer and Service Runner, contributed a large proportion of code to multi-geth, and undertook the technical development of Atlantis. The team has submitted more than 300,000 lines of code, bringing fundamental technical improvements to ETC.

Concerning the Atlantis hard fork, ETC Labs has communicated and negotiated continuously with different institutions including ECC and various community members, and organized 2 meetings with representatives of all parties. On the second call on June 7, the community reached a consensus to target the hard fork date of Aug 1 (choosing between July 1, Aug 1 and Sep 15). ETC Labs has been primarily focused on the technological development of ETC for a long time, and has no designated staff to communicate with the community, which might lead to misunderstandings and misconceptions by others due to insufficient communication and unbalanced information. This is understandable, but we believe it can be solved through active and positive communication. We will continue to collaborate with all stakeholders to discuss the aspects of the hardfork and what is best for ETC. However, we firmly oppose the behavior of a few people who make irresponsible remarks, disregard the facts and break existing consensus, and thus damage the reputation of the ETC community. The community should be open and democratic, advocating dialogue that is factual, rational and constructive. ETC will have no promising future if it’s controlled by any unilateral party, which violates the spirit of a decentralized public chain. Despite this, we have confidence that both the ecosystem and the community of ETC will improve.

Over the past six months, ETC Labs has been focusing on technological development and has always maintained goodwill towards the community, never intentionally targeting anyone. We will continue to maintain this attitude and collaborate with institutions including ECC, IOHK and various community members to successfully complete the Atlantis hard fork.

ETC Labs

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