2019 ETC National Tour Beijing Station

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This Ethereum Classic (ETC) National Tour Beijing Station invited the ETC Asia-Pacific community, global investment institutions, blockchain industry leaders, encryption technology leaders, experts and scholars, and Ethereum Classic (ETC) enthusiasts. At the same time, well-known industry media such as , Block Rhythm will participate in the whole process of hosting reports, and a gathering of talents will discuss the past and future of Ethereum Classic (ETC), as well as the impact of the post-Ether era.

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Ethereum Classic (ETC): past and present

Ethereum Classic, the full name of Ethereum Classic in English, is a decentralized smart contract platform, with applications that run completely according to the program, retaining the unmodified history of the classic version, free from external interference and subjective tampering transactions. Ethereum Classic (ETC) is the original chain of Ethereum (ETH), and ETH is a hard fork from ETC. The fork originated from an accidental coin theft. The DAO plans to build a crowdfunding platform based on the Ethereum smart contract, which was officially released in May 2016. As of June of that year, the raised funds exceeded 160 million US dollars. Since then, The DAO has been hacked by hackers using the loopholes in the smart contract to transfer 50 million dollars worth of Ethereum. In order to restore investors' assets, the Ethereum community voted to change the Ethereum code and implement it in block #1920000 of Ethereum Hard fork, rolling back all ether coins (including those occupied by hackers) to recover losses. However, some people think that this method of Ethereum violates the spirit of decentralization and immutability of the blockchain, and insists on mining on the original chain, thus forming two chains. One is the original chain that does not recognize rollback transactions—Ethereum Classic (ETC), and the other is the new chain that recognizes rollback transactions, namely Ethereum (ETH). Each represents different community consensus and values. People will hold both ETH and ETC after the fork.

Ethereum Classic (ETC) and ETH: Watching the Future

On July 13, Vitalik Buterin issued a document saying that in the long run (more than 1 year later), the scalable data layer will be Ethereum 2.0, because its planned 10mb/sec data throughput is faster than any existing blockchain Much higher. In the short term, however, we can do this by using existing blockchains (especially those with lower transaction fees per byte than Ethereum) as the data layer. Ethereum Classic (ETC) fits this criteria.

Ethereum classic blockchain, ETC has about 5% of ETH hash value, it has a faster block time of 14 seconds, by adding flyclient support can reduce the gas cost of header verification to a low enough level, ETH chain It can be processed in a less costly manner. As twin flowers on the same chain, future joint cooperation will surely promote greater development of the blockchain industry.

Ethereum Classic (ETC) Community: Thousands of Sails Competition

The Ethereum Classic (ETC) community is a non-profit organization established by a group of believers, which mainly provides community support and marketing operations for community members and the entire ETC ecosystem. It is an important part of the prosperous ecological construction of ETC. On the one hand, it provides community users with the latest and most complete progress of ETC products, technologies and ETC ecology, and on the other hand, it is committed to the gathering and growth of ETC community teams.
At present, Ethereum Classic has attracted multiple teams such as IOHK, ECC, and ECLC from all over the world to jointly maintain and develop it. Both technical content and market development have huge growth potential. Especially after ETC Labs joined, it has made practical contributions to a series of links such as technology development, project development, and landing applications in the entire ETC ecosystem, making the ETC ecosystem more robust. With the support of global high-quality resources, we will wait and see the future of Ethereum Classic (ETC)!
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At the same time, dozens of technical seminar salons, large-scale industry summits, resource matchmaking meetings, and innovation and entrepreneurship competitions were held, attracting many industry leaders at home and abroad to gather together. The total number of participants was nearly 10,000. For example, it cooperates with Ant Financial Services Co., Ltd. in the innovation competition, and jointly organizes the blockchain forum of the Digital Expo with the Institute of Information and Communication Technology.

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