ETC LABS UPGRADES ETHEREUM CLASSIC TO EXPAND FUNCTIONALITY AND IMPROVE COMPATIBILITY WITH ETHEREUM

ATLANTIS AND OTHER IMPROVEMENTS ARE MOVING ETC INTO THE MAINSTREAM

San Francisco, CA (June 3, 2019)– Today, San Francisco based Ethereum Classic Labs announced the implementation of the Atlantis hard fork, a major upgrade to the Ethereum Classic Blockchain (ETC). Atlantis adopts Ethereum’s “Byzantium” protocol upgrade on ETC. Atlantis is being implemented on the testnet, and it will be implemented on the mainnet at block height #8,343,000, estimated for July 1, 2019. The goal of Atlantis is to increase the functionality and stability of ETC. The upgrade also ensures compatibility with Ethereum to promote greater collaboration between the sibling blockchains.

Atlantis is one of several projects being implemented by ETC Labs and its Core Development Team, including increased tooling for developers and protocol-level improvements. Last week, the team released Jade Service Runner, the first of the Jade Suite of tools for ETC. And last month the team released OpenRPC, which improves the dApp development experience.

“We are excited to have such advancement in quality tools and fundamental building blocks to build on,” stated Shane Jonas, ETC Labs Core Development team member. “ETC Labs has been critical in the development of the future tools and infrastructure of Ethereum Classic, and we are committed to maintaining the core principles of the community.”

The Atlantis upgrade consists of 10 Ethereum Improvement Proposals (EIPs), including improvements to stability (EIP 100), Op-code upgrades (EIP 140, 211, and 214), precompiled contracts (EIP 198), precompiled contracts to improve zk-Snarks (EIP 196 and 197), performance related improvements (EIP 161 and 170) and enhanced security (EIP 658). Read more for additional information of the improvements of the Atlantis ECIP 1054 hard-fork.

“This is a great step forward,” said Jake Lang, a member of both the ETC Labs Core Development Team and the ETH EWASM Team. “Ethereum Classic is able to increase compatibility with Ethereum. Our team is committed to greater collaboration across chains.”

About ETC Labs

Ethereum Classic Lab’s mission is to accelerate development of the Ethereum Classic community, development and ecosystem. Supported by a core development team to create development tools, interoperability functionality and technology resources, it gives blockchain developers the resources necessary to build socially impactful decentralized applications that are core to the traditional community core values. ETC Labs is dedicated to providing financial assistance and mentorship programs to advance the development and proliferation of Ethereum Classic solutions.

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Media contact: Darin Kotalik, info@etclabs.org