ETC Weekly Newsletter : The Grothendieck Team

December 6, 2016 by Carlo V

Links To Our Community

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ETC Development Report

Hi everyone, thank you for checking out this week’s ETC newsletter! Big shout out and many thanks to all the developers, miners, community members, user’s and investors. This week’s newsletter features some hints about a new team that will be joining the ETC community called “The Grothendieck Team”. We are still keeping the monetary policy update from previous newsletters since it’s still the focus of many discussions throughout the community. We also have info about the upcoming ETC event in London, another article from Dr. Seberino and an article about governance models by Luis Molina. Thank you for taking the time to read and distribute this newsletter, looking forward to hearing your thoughts.

The Grothendieck Team

IOHK is nearly finished with its vetting and onboarding process for the development team known as the “Grothendieck Team”. The team has been named after Alexander Grothendieck, a German-born French mathematician who became the leading figure in the creation of modern algebraic geometry. They have been committed to Ethereum Classic by IOHK in order to build a Scala client for ETC based on IOHK’s Scorex framework. An official announcement featuring the teams, background, past/current work experience, and bio will be posted in various channels. Plans are in place to bring the team on “Let’s Talk ETC!” to discuss the roadmap and development timeframe for ETC in 2017, after they have had the chance to review all relevant ETC documentation properly. Links to the IOHK website, Scorex github, Let’s Talk ETC youtube channel and ETC blog are posted below.

Also, we would love to know more about how the community would like to interact with and get reports from the new ETC developers. Please reply to this newsletter with ideas and requests for what you might like to see moving forward. You can also post your thoughts in this brainstorming thread from reddit.

ETC Monetary Policy by Snaproll

“ECIP-1017 proposes a solution to the Ethereum Classic Monetary Policy to adjust, with finality, the current emission schedule implementation of 14.0625ETC per block in perpetuity. The solution proposed introduces a theoretical upper bound on the maximum absolute number of ETC and introduces a method of degraded emission over time. In addition, this ECIP describes the requirements associated with maintaining this emission schedule through a potential change of the network’s consensus algorithm, from its current Ethash based Proof of Work to a possible POS or POW/POS hybrid model.” Please see the full post from github and reddit at the links below.

Monetary policy discussions are still in progress on many platforms. However, most of the conversation seems to be taking place on the #monetary_policy channel on slack. Please join us on Slack using the following link.

For more information on community participation please see this call to action post for guidance.

ETC event in London scheduled for December 13th!

Dr. Avtar Sehra has organized an ETC event in London which will take place on Tuesday, December 13th, 2016.

The Event will be hosted by one of the leading financial services law firms, Eversheds LLP, at their London St. Pauls Head Quarters. They are in the process of confirming speakers and panelists from the BTC and ETC community.

Focus of the event will be to provide an update on the activity in the ETC community so far and what the future holds in terms of projected roadmap:

  • Update on what has happened so far in the ETC Ecosystem.
  • Planned monetary policy hard fork and why it matters.
  • Panel discussion on monetary policy, economics and the future of cryptocurrency.
  • Please see Dr. Sehra’s twitter post below for more info.
  • https://twitter.com/avtarsehra/status/803292714267738112

Article about Inter Planetary File Systems (IPFS) by Dr. Seberino.

“Why InterPlanetary File System & Its Ilk Are A Big Deal For Blockchains & Beyond”

Article about a Fermat Distributed Governance Model by Luis Molina

“Fermat Distributed Governance Model.”

Let’s talk ETC! Tuesdays at 7:30pm EST.

Every Tuesday at 7:30pm EST we will be discussing what’s going on in the ETC community and beyond. This week’s show (12-06-16) will feature a special guest from the ETC investment community. We will be discussing investment centric topics as well as blockchain in general. A link to the channel/show will be posted below, if you have ideas or questions please let us know. Thank you for subscribing to our latest updates and announcements!

“Call To Action” still in effect. Looking for community contributions for the ETC Wikipedia page.

Reddit user “bitp” has brought it to the communities attention that the “Ethereum Classic” Wikipedia link currently redirects to “Ethereum”. ETC community member /u/FaceDeer was previously a Wikipedia editor and has provided some insight on what should be done moving forward. One of his recommendations is that we start the process by adding to the Ethereum Classic section that is currently on the Ethereum Wikipedia page. ETC can then be given its own page after volunteers have submitted enough info. Please see his full post in the reddit thread linked below.

Community Metrics

  • Twitter - 33,500 followers.
  • Reddit /r/EthereumClassic - 2,867 subscribers.
  • Slack - 1,510 users.
  • Telegram - 785 users.
  • WeChat - 475 users.
  • Miners - 511.74 Total GH/s

Top 5 miners by average hashrate from the previous 7 days.

  • NanoPool 109.14 GH/s
  • 91pool 105.71 GH/s
  • F2pool 98.38 GH/s
  • EtherMine 53.05 GH/s
  • Coinotron 43.23 GH/s

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