ETHEREUM CLASSIC (ETC) SUMMIT

ETHEREUM CLASSIC (ETC) SUMMIT


so the theorem classic summit this is the second time it’s been done the first time was in Hong Kong and it was a lovely very intimate setting and this one’s about twice the size and we’re right now here in South Korea but the point of the summit is to bring all the leaders of the etherion classic community together and the general theory and classic community for the purpose of having people just meet each other get to know each other build great relationships the thing about if you’re in classic is that it’s actually a very decentralized community like Bitcoin it actually doesn’t have a leader there is no one entity you can point to and say oh well they’re in charge or they run the roadmap rather it’s a truly decentralized ecosystem but it’s a very small cryptocurrency so unlike Bitcoin which is like this 800 foot long cruise ship that’s extremely time consuming and expensive to change course aetherium is still small enough where there people can actually innovate so it’s a really exciting ecosystem because you can do the dual experience of being able to figure out how to go about a new road map a new path but at the same time be able to go about that path without a huge coordination cost so in many ways it feels like the early days of Bitcoin back in 2010-2011 and that’s really fun to play around it so when we entered the theorem classic space those were some chaotic and very difficult times you know the early days wasn’t clear whether a theorem classic was going to survive or not there was no community management there was a lot of people who tried to enter in the project to co-opt it and take it in one direction or another some people try to create a counter foundation it was a really strange event so one of the things that we contributed with this was a goal of trying to bring some stability and calm so we set up let’s talk etc’ we got dedicated community management but the other thing that I which Kate wanted to do was to prove that etc’ was not just a copy and paste coin it wasn’t just a fork of another cryptocurrency we felt that as an ecosystem we had to prove that we could actually write our own code so we put money into building a hundred percent new code client Samantha’s client and that client is written from the ground up in Scala so we started with a completely new team we started with the yellow paper the documentation and we systematically built up that client over about a year and a half period so last year we were able to demo an earlier version of the client and now a mantis has actually reached a great degree of maturity and it’s capable of not only being interoperable with the etherion classic ecosystem but also soon the etherium change so the purpose of our time here is the demo the progress we’ve made with mantis the lessons we’ve learned with mantis to have some discussions with the community about improvement proposals that we might want to adopt as well as to talk about some new foundational technology that we’re really excited about for example Anika Powell’s not interactive proofs of proof of work from DNS ascend rows and in other potential collaborations like the relationship with horizon and et Cie and so forth so a very productive conference I kind of like them at this size because you could actually have a meaningful conversation with people and also it’s a reasonably technical that we can have great conversations about the future and direction of the clients that we construct

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