Ethereum Classic – with sidechains to a new identity

With sidechains, improved interoperability with other blockchains and a light client for IoT applications, the crypto currency separated from Ethereum now wants to finally gain its own identity. A quick look at the Ethereum Classic roadmap.

Ethereum Classic is growing up

Before the Hard-Fork-Mania Bitcoins, Ethereum already had such a roadmap: In the course of the DAO explosion, there was a passionate debate about whether a blockchain should be changed after dramatic events or not. In the case of Ethereum, the decision was made to change the state of the blockchain, so that the DAO explosion, which cost the investors behind The DAO several million euros in total, was undone.

For the investors, this meant that they could withdraw their money from the DAO and the matter had a happy ending for them. Since the immutability of the Ethereum blockchain was temporarily suspended at that time, this option is discussed in the case of a parity bug.

But not everyone was satisfied with the strategy

The immutability of the blockchain was so important to them that they separated from the Ethereum network – Ethereum Classic was born. For a long time, the great raison d’être was the preservation of immunity. There was indeed something happening with regard to the emission of ETC tokens, which are no longer produced indefinitely, but are limited in a similar way to the Bitcoin case. Otherwise, however, Ethereum Classic was ticked off as “Ethereum without immutability at 2016”.

The development team behind Ethereum Classic, also known as the ETCDEV team, grew to 8 full-time developers in 2017 and has achieved several milestones: In addition to Emerald, the desktop wallet of the crypto currency, a hard fork for pausing the Difficulty Bomb, a relic from the Ethereum protocol, was realized.

Furthermore, a new Ethereum (Classic) virtual Machine was written, which is currently being tested and can be used as an optional EVM for processing the Smart Contracts. The complete list can be found on the Ethereum Classic website. Already in 2017 the naughty stepson of Ethereum has emancipated himself a bit.