Ethereum Classic Price(ETC)

ETC Olympia Development Series Part 1: Implementing ECIP-1111 and ECIP-1112 This article introduces the first part of the Ethereum Classic Olympia development series, focusing on the implementation of ECIP-1111 and ECIP-1112. These two proposals are the only components within the broader Olympia framework that modify consensus behavior. ECIP-1111 modernizes the fee market by introducing an EIP-1559-style mechanism with a base fee and optional priority tip (miner tip). A key difference from Ethereum is that the base fee is not burned but is instead redirected to a treasury address defined by ECIP-1112. It also adds support for Type-2 transactions and the BASEFEE opcode (0x48), ensuring compatibility with modern EVM tooling and wallets. Crucially, it does not change miner rewards, monetary policy, or existing transaction types. ECIP-1112 defines an immutable, deterministic treasury smart contract that will receive the redirected base fees. This vault is designed to be receive-only upon activation, meaning it can accumulate value but cannot distribute funds until a separate, subsequent governance layer (defined in other ECIPs) is deployed and activated on the contract layer. The article emphasizes the modular architecture of Olympia. While the suite includes five ECIPs (1111-1115), only these two affect consensus. This separation ensures that the core protocol remains minimal and auditable, while future governance and funding mechanisms can evolve independently at the contract level without requiring further hard forks. The implementation is currently in the draft stage per the ECIP-1000 process. Any decision to move forward with mainnet activation will require extensive testing on the Mordor testnet and full community review.