| ETC Weekly! Edition #9 📢 Why Keccak, Treasury Update, WETC on Sushiswap, ETC DeFi, Mantis Development & More We sincerely hope you enjoy reading our ETC Weekly newsletter! Please feel free to provide us with your feedback. We couldn't do this without you, our readers. Our contact information is the details below. Why ETC Should Adopt a Treasury | Blog Post by Stevan Lohja ETC Cooperative is supportive of the proposal for an Ethereum Classic Treasury to establish sustainable funding for independent teams to both maintain the core protocol and evolve the Ethereum Classic platform, as well as grant pools for wider community development. IOHK brought the Treasury proposal back on the table in ECIP-1098 and implementation of a treasury is live on the Sagano Ethereum Classic testnet. We're writing this to substantiate our support for this proposal and hopefully answer some questions. We've included several videos relevant to the proposed ETC Proto-Treasury featuring IOG Founder and CEO, Charles Hoskinson, and IOG developers. Bitcoin was launched with Proof of Work (PoW) over a decade ago and within that decade has been revolutionary science to improve PoW protocols. E.i: Fly-clients, NiPoWPoW, coded Merkle-trees. Ethereum Classic can scale and out-perform Bitcoin and Ethereum by many-times-over while retaining PoW, code-is-law, and immutability. A treasury would provide the funding for such a roadmap which evidently makes the ecosystem more expensive and able to offer something novel and new to the market. Learn more about the proto-treasury (ECIP-1098) here in the ECIP repository. Please feel free to provide feedback as well. by Edilson Osorio of OriginalMy OriginalMy and Ethereum Classic In 2016, OriginalMy was prototyping a platform to collect signatures on public petitions and draft bills on Ethereum (named Mudamos+), for the Brazilian NGO ITS-Rio. It used the whole framework of digital signatures, identity, and authentication of documents to provide a high level of trust that was needed to have the bills accepted and voted in the House of Representatives. From companies managing international deals to doctors handling medical prescriptions on paper — every process should be reviewed and improved. Additions and Improvements
- Added revert reason to eth_estimateGas RPC call. #1730
- Added command line option --static-nodes-file. #1644
BugFixes - Accept locally-sourced transactions below the minimum gas price. #1480 #1743
Listen as the Mantis updates us on the development of the node + wallet interface. Here you'll find a link to the Mantis documentation where you can find everything you need to get started using Mantis. Mantis is a fully featured client and wallet UI, developed from the ground up and written in Scala for the Ethereum Classic network (ETC). Created by IOHK to add robustness and variety to the ETC's client share, it includes optimizations and network upgrades that improve network security, sustainability, and performance in the long term. Why Keccak-256? Keccak won the National Institute of Standards and Technology (NIST) competition to become the official SHA-3 algorithm in October 2012. Each of the Sha-3 functions is based on an instance of the Keccak algorithm. Keccak was chosen as the official Sha-3 function for some of the following reasons: - Native: Keccak-256 is the native algorithm used in Ethereum Classic and other Ethereum platforms. While other Ethereum platforms do not use Keccak-256 for their PoW, they use it within the EVM allowing more interoperability features.
- FlyClients: With a full PoW it would be more possible for core developers to provide the community with FlyClients which can verify PoW in a single step. FlyClients can be 6000x more efficient than the current status quo.
- Dapp Developers: Developers have access to the keccak256() function, which allows smart contracts to efficiently calculate the hash of a given input.
- Purpose-built: The market and ETC community identify ETC as a Proof of Work network. However, Ethereum Classic has inherited the Ethash algorithm intentionally designed to sway the network to PoS and the design is built on the false premise of ASIC resistance and equity theater. If Ethereum was founded on the grounds of PoW, then dagger-Hashimoto would not have been necessary on top of the current Keccak-256 in the Ethash algorithm.
- Cryptographic Standardization: Keccak-256 (Sha-3) was the winner of the Sha-3 NIST competition and minor parameter changes in the updated Sha-3 standard don't break all the benefits of Sha-3.
- Faster: Keccak-256 is far faster than Ethash.
- More Efficient: Keccak-256 is simply a hashing algorithm that doesn't require hardware to have immense memory requirements or a dag that's waiting to be exploited. CPUs, FPGAs, ASICs, and GPUs can mine on Keccak-256. It's possible that the mining ecosystem could mature to be on par with Bitcoin where mining is dominated by purpose-built hardware.
- Enhanced security: Sha-3 is the latest member of the Secure Hash Algorithm family of standards and certified by the Federal Information Processing Standards (FIPS). Ethash is not a certified algorithm.
- Enhanced productivity: Sha-3 is well documented and open-source hardware designs are available. Mainstream semiconductor companies build chips that are tested against the Sha family of algorithms and Keccak-256 is going to function for most modern chips.
- Embedded devices: Due to its compact nature and efficiency, Sha-3 computing runs well on embedded systems.
 | "ETC Labs is very excited to announce that WETC is now available on some of the most popular decentralized exchanges, including Uniswap and Sushiswap," said Terry Culver, CEO of ETC Labs. "Participating in the fast-growing DeFi economy just got easier for the Ethereum Classic community, as ETC holders can now leverage WETC to gain access to key financial services like trading, savings, lending, and borrowing that might not have otherwise been readily available to them." Skip the noise and never miss a beat with ETC Weekly. Stay informed on all essential news and updates we'll send right to your inbox! | 
