Core Developer Calls — Ethereum Classic

Olympia Hard Fork — Core Devs Call

When: TBD · Duration: 120 min max Where: Twitter/X Space — @ETC_Network (recorded)

Phase 1: The Olympia Upgrade

Olympia is composed of three ECIPs that require a coordinated hard fork across all clients.

ECIP-1111 — Add Type-2 Transactions and Basefee Redirect

Activates EIP-1559 and EIP-3198 on Ethereum Classic.

Adds Type-2 transactions (EIP-1559) — dynamic basefee pricing replaces the legacy first-price gas auction
Adds BASEFEE opcode (EIP-3198) — fee-aware contract logic and canonical gas price visibility
Key difference from Ethereum: basefee is redirected to the immutable Treasury vault (ECIP-1112) instead of burned
Block rewards and miner tips (priorityFee) remain unchanged — non-inflationary, ECIP-1017 monetary policy is preserved, PoW miners are unaffected
Legacy (Type-0) and Access List (Type-1) transactions continue working — existing ETC integrations are unaffected
Prevents ETC from deprecation or delisting by exchanges, wallets, and development tooling that require Type-2 as the default transaction type
Predictable fee estimation — wallets and dApps can accurately forecast gas costs, reducing end-user overpayment during congestion
Elastic block capacity — blocks target 50% utilization and can temporarily expand to 2x during demand spikes, smoothing fee volatility
Faster transaction inclusion — explicit tip mechanism lets users signal urgency without overpaying the basefee
Improved infrastructure UX — RPC providers, block explorers, and indexers benefit from a canonical fee field rather than reverse-engineering effective gas prices from legacy transactions

ECIP-1112 — Treasury Contract

Deterministic, immutable smart contract that receives all basefee revenue.

Deployed at a fixed CREATE address, hardcoded in all clients
No admin keys, no upgrade mechanisms, no proxy patterns
Withdrawal restricted to a single authorized executor at deployment — a deterministic CREATE2 address reserved for governance (ECIP-1113)
Until governance is deployed: passive vault — accumulates, cannot disburse
Treasury starts at $0 and grows from basefee revenue and donations via on-chain transactions or miners pointing hashrate to the vault address
Treasury is immutable — the vault contract cannot be changed after deployment. Updating the treasury address in the future would require a coordinated hard fork across all clients
Governance is mutable — ECIP-1113 deploys upgradable OpenZeppelin 5.6 Governor contracts to the reserved executor address, allowing the governance layer to evolve with the network's needs without touching the Treasury itself

ECIP-1121 — Execution Client Specification Alignment

Brings ETC's EVM to parity with Ethereum through Fusaka, excluding PoS and blob mechanics.

Category	EIPs
Gas & State Access	EIP-7702, EIP-7623, EIP-7825, EIP-7883, EIP-7935
EVM Safety	EIP-6780, EIP-7934, EIP-7910
Cryptographic	EIP-2537 (BLS12-381), EIP-7951 (secp256r1)
Execution	EIP-5656 (MCOPY), EIP-2935, EIP-1153 (transient storage)

Explicitly deferred: all blob-dependent EIPs, all PoS/beacon chain EIPs.

Olympia Framework — Later Stages

The broader Olympia framework includes governance and funding ECIPs that operate at the contract layer and do not require a hard fork. These follow the Olympia Roadmap stages.

ECIP	Title	Stage
ECIP-1113	CoreDAO Governance	Core Governance
ECIP-1114	Funding Proposal Process (ECFP)	Core Governance
ECIP-1119	Sanctions Compliance Oracle	Core Governance
ECIP-1117	Futarchy DAO	Prediction Markets
ECIP-1115	Miner Distribution	Treasury Distribution
ECIP-1116	Fee Handling	Treasury Distribution
ECIP-1118	Fee Handling	Treasury Distribution
ECIP-1122	Basefee Smoothing	Treasury Distribution — Supersedes ECIP-1120

None of these need to be solved now with a $0 treasury. The governance layer can evolve from the base CoreDAO once there are funds to govern.

Network Security Context

ETC's primary execution client has not shipped a maintenance release in 21 months — the longest gap since the 2016 chain split
Multiple disclosed CVEs remain unpatched in the current production release
No active maintainer — unresponsive to security disclosures, no redundancy in core development, effectively deprecated for two years
For the Olympia transition, Core-Geth has been brought forward with all known security patches under the ethereumclassic organization
Olympia directly addresses these structural issues through multi-client architecture, protocol-funded maintenance, and multi-maintainer review

A full security gap analysis will be published ahead of this call. We recommend all node operators update to the active development of Ethereum Classic with the Olympia Upgrade.

Development Sustainability

On July 20th, 2016, at block 1,920,000, the Ethereum Classic community stood united by a common vision — to continue the original Ethereum blockchain that is truly free from censorship, fraud, or third-party interference. The Declaration of Independence established that code is law, that the blockchain is inviolable, and that forks shall only be permitted for updating or upgrading the technology. Olympia is that upgrade — delivering a production-grade, state-of-the-art EVM while upholding every founding principle: immutability, fungibility, decentralization, and censorship resistance.

ETC Cooperative mandate — ETC Cooperative was established to directly support the development of the Ethereum Classic protocol and infrastructure, to accelerate the deployment of ETC-based technologies, and to foster collaboration between developers, miners, investors, and business operators. Olympia delivers on all three pillars — multi-client protocol development, EVM modernization that restores tooling compatibility, and on-chain governance that unites Ethereum Classic stakeholders around transparent resource allocation for core software, critical infrastructure, and network security.
Funding alignment — ETC Cooperative's funding and infrastructure is aligned with the Olympia Upgrade — execution clients, the block explorer, public RPC endpoints, boot nodes, and all core software and critical infrastructure. A robust fee market signals network usage and value, creating a path toward self-sustaining protocol funding.
Olympia DAO transition — ETC Cooperative plays a key role in the evolution of Ethereum Classic's Olympia DAO. The DAO takes on transparent, public development efforts while ETC Cooperative continues as the NYC-based 501(c)(3) non-profit accepting tax-exempt donations. ETC Cooperative seeds the Olympia DAO with funds as a stopgap until the fee market is mature enough to self-sustain.
On-chain donations — The Olympia Treasury enables direct on-chain contributions to the network's sustainability. Anyone can send funds to the vault — through mining rewards, on-chain transactions, or voluntary donations — consistent with the Declaration's principle that project development can be funded by anyone using a transparent, open, and decentralized protocol.
Legal wrapper — The Wyoming-registered Ethereum Classic DAO LLC (Filing ID 2025-001671865) is downstream of the Olympia DAO as specified in ECIP-1113. The LLC handles all off-chain fiat operations, regulatory reporting, tax compliance, and the operational overhead of running a DAO in the modern regulated landscape.

Regulatory & Institutional Positioning

Digital commodity classification — ETC is positioned for classification as a digital commodity under the CLARITY Act. As a Proof-of-Work blockchain with no pre-mine, no ICO, and decentralized governance, ETC aligns with commodity characteristics. Classification is pending congressional action.
GENIUS Act — The GENIUS Act creates a pathway for regulated stablecoins on EVM-compatible platforms. ETC's Proof-of-Work foundation positions it as a compliant smart contract platform where regulated stablecoins can operate.
Institutional infrastructure — Grayscale Ethereum Classic Trust (ETCG), established 2017, provides regulated securities exposure to ETC — the only Proof-of-Work smart contract platform with a Grayscale trust product. 300+ active markets across 20+ major global exchanges. Institutional-grade custody from leading digital asset custodians.
Active development alignment — Olympia's multi-client architecture, protocol-funded treasury, and on-chain governance align ETC with the institutional requirements for enterprise adoption, sovereign regulation, and participation in the world's largest financial markets.

Multi-Client Implementation

Three independent client implementations are ready for the Olympia hard fork and progressing to Mordor activation.

Client	Language	Release	Role
Fukuii	Scala	TBD	Recommended — Purpose-built for ETC, the only ETC-native client
Core-Geth	Go	TBD	Maintained — Established go-ethereum fork, maintained through the Olympia transition
Hyperledger Besu	Java	TBD	Reference — Enterprise-grade Hyperledger client for cross-client testing and validation

All three clients produce identical genesis hashes and have been verified through Mordor testnet with matching chain state. See client details for upgrade instructions.

Post-Olympia client architecture — Upstream Ethereum clients have separated the consensus engine from the execution engine to support Proof-of-Stake. This separation creates an opportunity for ETC: Fukuii, as the only ETC-native client, is positioned as the primary Proof-of-Work consensus and execution client moving forward. Core-Geth and other Ethereum-derived clients transition from full consensus-capable clients to execution-layer implementations via ETC plugins — expanding execution client diversity while Fukuii anchors the PoW consensus layer.

Activation

Network	Block	Target
Mordor Testnet	TBD	TBD
ETC Mainnet	TBD	TBD

Agenda

Network security context and maintenance gap
Olympia Phase 1 review — ECIP-1111, ECIP-1112, ECIP-1121
Multi-client implementation status (Fukuii, Core-Geth, Besu)
Development sustainability — ETC Cooperative, Olympia DAO, legal wrapper
Regulatory and institutional positioning
Mordor testnet activation block
ETC mainnet activation block
Client release and node operator upgrade timeline
Open discussion

Call Results

To be updated after meeting.

Olympia