Whitepaper - Ethereum Classic With Cover

Ethereum Classic Documentation, Release 0.1
1.1.2 How to use this guide?
Using Ethereum: The Basics
This section captures the basic ways in which a user would want to participate in the Ethereum project. First of all
becoming a node in the network you need to run an Ethereum client. Multiple implementations are listed in the
section Choosing a client which also gives you advice what clients to choose in various setups. Connecting to the
Network gives you basic information about networks, connectivity troubleshooting and blockchain synchronization.
Advanced network topics like setting up private chains is found in Test Networks.
1.1.3 The Classic ‘Release’
Ethereum ‘Classic’ is the original unmolested Ethereum block chain of the Ethereum platform. We believe in
decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as
a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation
of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed
contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone.
Motivation
Ethereum Foundation responded to DAO debacle in the worst way possible. Special interests controlling the
Foundation are ramming through DAO bailout hardfork against principled opposition of a significant economic
minority of Ethereum stakeholders. According to (diligently hidden, pro-fork) coin vote on Carbonvote, 13%
of ETH holders oppose this hardfork. Also, about 22% of Ethereum miners voted against the previous ‘DAO
softfork’ and would logically oppose hardfork as well. Such a significant minority of stakeholders should not be
silenced or intimidated into submission - they should be given a clear choice.
If we want to continue to move forward and guarantee survival of the original Ethereum vision, we must fork
Ethereum. This will lay the foundation to build secure decentralized applications that are actually censorship
resistant.
More: http://github.com/ethereumclassic/freeworldcomputer-project
Goals
The main goal of the project is to ensure survival of the original Ethereum blockchain. We will strive to provide
alternative for people who strongly disagree with DAO bailout and the direction Ethereum Foundation is taking
their project. Anyone opting to remain on the original chain should have such opportunity.
A Crypto-Decentralist Manifesto
by: Bit Novosti
Blockchains are going to rule the world, providing a mechanism for scaling social and economic cooperation to
an unprecedented level—a truly global scale. Such cooperation will involve not only human beings, groups and
associations but also a growing multitude of increasingly independent artificial agents.
• Every blockchain creates a social network around its applications, with network value growing exponentially
with the number of participants in accordance with Reed’s Law. This value isn’t extracted by intermediaries
or controllers, as with previous centralized models. Instead, it’s shared among participants, providing
economic incentives for cooperation without coercion.
• Not all blockchains are created equal. There are three key characteristics that make scalable blockchainenabled
cooperation possible: openness, neutrality and immutability.
• Openness is necessary. It goes without saying that the rules of the game should be open for anyone to see
and understand. Anyone should be able to participate in any layer of the system without asking for any permission
whatsoever. Anyone should be able to use the network in accordance with its rules. Anyone should
6 Chapter 1. Contents