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Whitepaper - Ethereum Classic With Cover

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<strong>Ethereum</strong> <strong>Classic</strong> Documentation, Release 0.1<br />

DEVgrants program<br />

In April 2015, the DEVgrants program was announced, which is a program that offers funding for contributions<br />

both to the <strong>Ethereum</strong> platform, and to projects based on <strong>Ethereum</strong>. Hundreds of developers were already contributing<br />

their time and thinking to <strong>Ethereum</strong> projects and in open source projects. This program served to reward<br />

and support those developers for their contributions. The DEVgrants program continues to operate today and<br />

funding of the program was recently renewed in January 2016.<br />

• DEVgrants initial announcement<br />

• Announcement of new funding at DEVCON-1<br />

• DEVgrants public gitter room<br />

• DEVgrants talk at DEVCON-1 by Wendell Davis on YouTube<br />

Olympic testnet, bug bounty and security audit<br />

Throughout 2014 and 2015 development went through a series of proof of concept releases leading to the 9th<br />

POC open testnet, called Olympic. The developer community was invited to test the limits of the network and<br />

a substantial prize fund was allocated to award those holding various records or having success in breaking the<br />

system in some way or other. The rewards were announced officially a month after the live release.<br />

In early 2015, an <strong>Ethereum</strong> Bounty Program was launched, offering BTC rewards for finding vulnerabilities in any<br />

part of the <strong>Ethereum</strong> software stack. This has undoubtedly contributed to the reliability and security of <strong>Ethereum</strong><br />

and the confidence of the <strong>Ethereum</strong> community in the technology. The bounty program is currently still active and<br />

there is no end date planned.<br />

The <strong>Ethereum</strong> security audit began at the end of 2014 and continued through the first half of 2015. <strong>Ethereum</strong><br />

engaged multiple third party software security firms to conduct an end-to-end audit of all protocol-critical components<br />

(<strong>Ethereum</strong> VM, networking, Proof of Work). The audits uncovered security issues that were addressed and<br />

tested again and as a result ultimately led to a more secure platform.<br />

• Olympic testnet prerelease - Vitalik’s blogpost detailing olympic rewards<br />

• Olympic rewards announced - Vitalik’s blogpost detailing the winners and prizes<br />

• Bug bounty program launch<br />

• <strong>Ethereum</strong> Bounty Program website<br />

• Least Authority audit blogpost - with links to the audit report<br />

• Deja Vu audit blogpost<br />

The <strong>Ethereum</strong> Frontier launch<br />

The <strong>Ethereum</strong> Frontier network launched on July 30th, 2015, and developers began writing smart contracts and<br />

decentralized apps to deploy on the live <strong>Ethereum</strong> network. In addition, miners began to join the <strong>Ethereum</strong> network<br />

to help secure the <strong>Ethereum</strong> blockchain and earn ether from mining blocks. Even though the Frontier release is the<br />

first milestone in the <strong>Ethereum</strong> project and was intended for use by developers as a beta version, it turned out to<br />

be more capable and reliable than anyone expected, and developers have rushed in to build solutions and improve<br />

the <strong>Ethereum</strong> ecosystem.<br />

See also:<br />

• Original announcement of the release scheme by Vinay Gupta<br />

• Frontier is coming - Frontier launch announcement by Stephan Tual<br />

• Frontier launch final steps - Follow-up post to announcement<br />

• <strong>Ethereum</strong> goes live with Frontier launch<br />

• The frontier website<br />

10 Chapter 1. Contents

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