The mission of ETC Labs is to build relevant, accessible, and high-quality technology, to create communities of value in a mature and regulated ecosystem. Our goal is to fulfill the promise of blockchain to improve people’s lives using the Ethereum Classic technology, one of the world’s major public blockchains.
The History Of Ethereum Classic
July 30, 2015
Ethereum Launches – Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform with the Frontier release.
April 30, 2016
May 27, 2016
June 17, 2016
TheDAO is Hacked – Ether is slowly and silently drained from TheDAO as the re-entry bug is applied
July 20, 2016
TheDAO Bailout Hard Fork – With around 80% of nodes updating to the new client, the community nervously await the arrival of the DAO Bailout fork activation block 1,920,00
Original Non-Fork Chain (Ethereum Classic Launches)
With predictions of the original non-forked chain to disappear within hours, many are surprised to find that miners continue to support the original chain. Bisq and OTC desks give these tokens a price discovery orderbook. The markets participants rebrand this non-forked chain Ethereum Classic (ETC)
New Fork Chain
A forked-chain is born! The Ethereum Foundation creates an altered version of Ethereum on July 20, 2016 to reverse the DAO theft. As trademark rights holders, the Ethereum Foundation applies the Ethereum (ETH) brand to the new forked chain
September 9, 2016
EVM & SputnikVM updated to support Byzantium &
Classic Geth support and maintenance
March 1, 2017
Monetary Policy Consensus – Ethereum Classic forms consensus around a 210.7M ETC fixed-cap monetary policy with a Bitcoin-inspired limited emission schedule called 5M20; 20% block reward reduction every 5M blocks
May 29, 2018
Difficult Bomb Defusal Fork – The network successfully diffuses the difficulty bomb.
Birth of ETC Labs – Ethereum Classic Labs was created to provide an accelerator program and broader investment in the ecosystem.
ETC Labs Core Team Announcement – ETC Labs launches the ETC Labs Core team containing long-term ETC contributors and volunteers.
September 12, 2019
Agharta Fork – The network successfully adopts Agharta network upgrade including Constantinople and Petersburg upgrades.
ETC Labs Core rebrands to ETC Core – ETC Labs Core team rebrands as ETC Core.
January 12, 2020
Atlantis Fork – The network successfully adopts Atlantis network upgrade including Byzantium and Spurious Dragon upgrades.
March 31, 2020
Phoenix Hard-Fork – The network successfully implements Istanbul features reaching absolute protocol parity with Ethereum.