No it wasn't. It's called Whole Histry Rating so it takes your whole game history and makes rating out of it. Thats why people who haven't played in a long time have rating reflective of their winrate against players back then (that would change pretty quickly if they were to play again though).
So say a dude had 60% winrate against me 4 years back. That means (if he hasn't played with any other people) the system thinks that he is a better player than me and his WHR will reflect that. As such WHR adjusts constantly (even retroactively) and ELO only adjusts at the end of the game.