r/EthereumClassic • u/gitr0n1n • 8d ago
Announcement ETC completed its Era 5 → 6 fifthing in July — block reward down 20% to 1.6384 ETC. Plus August Olympia development.
📉 Fifthing complete — Era 5 → Era 6
At block 25,000,000 in July, Ethereum Classic's block reward stepped down 20%: 2.0480 → 1.6384 ETC. This is a fixed monetary policy under ECIP-1017 — no governance vote, no override, enforced at the protocol level. Every fifthing raises the stock-to-flow ratio, tightening issuance toward Bitcoin-tier scarcity.
Next fifthing: Era 6 → Era 7 at block 30,000,000.
Live countdown: https://ethereumclassic.com/block-reward-countdown
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⚙ Olympia development
- 🟢 Fukuii — ETC's only native execution client, purpose-built rather than a plugin, forked, or overlaid dependency. Multi-network refactoring across the codebase.
- 🟢 EVM alignment extended from Fusaka to Glamsterdam — Olympia now targets Ethereum's newest EVM rather than the prior fork, so it ships current instead of a cycle behind, leaving ETC at the head of the EVM branch at launch.
- 🟢 Application Layer Development — decision-market governance development continues via Futarchy Markets.
Olympia Activation follows testnet validation, multi-client parity, and stakeholder outreach.
Full details: https://ethereumclassic.com/olympia


