Charles hoskinson joins ethereum classic11/21/2023 ![]() ![]() On 13th August, the CEO of IOHK, who has always desired to work with other projects for the growth and development of blockchain and crypto ecosystem, showcased his discontentment in Culver’s decision in a video posted on Twitter. He added that the major issue that needs immediate attention is the vulnerability of the network to a 51% attack. According to Culver in a blog post published in response to Hoskinson’s request, the act of building treasury system goes against the core value of Ethereum Classic. ![]() However, the ETC Labs CEO, Terry Culver, refused Hoskinson’s proposal to build a treasury system within Ethereum Classic network. ![]() And the attacker managed to cart away the sum of $5.6 million worth of ETC. Charles Hoskinson’s Reaction to Terry Culver’s Refusal to Accept His ProposalĬardano’s creator Charles Hoskinson had earlier proposed to support Ethereum Classic (ETC) in preventing 51% attack that recently hit its network. This upcoming network overhauling is expected to completely nullify the purpose of miners. In a matter of months, Ethereum is expected to upgrade its network from proof-of-work (PoW) to proof-of-stake (PoS). The CEO of IOHK, Charles Hoskinson, who doubles as the co-founder of Cardano (ADA), has implored the $44 billion worth of miners that are about to get fired by Ethereum to join Ethereum Classic (ETC) so as to jointly strengthen the seemingly vulnerable network. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |