Hoskinson said that he and his team read whitepapers on all new blockchain projects, from which he can see that a good deal of innovation is coming into the field. He believes that ETC is desperate for innovation, funding and, most importantly, for a vision of what they intend to achieve. The Cardano founder stated that this blog post made him sad, since he believes ETC to be the original Ethereum and that it could become an outstanding platform. He suggested that Ethereum Classic set up a treasury system for its core developers, which means that miners would have to give up part of the ETC they earn (up to 20 percent, according to ETC Labs CEO) so that ETC core devs have enough funding from an independent source.Įthereum Classic (ETC) Has No Reason to Exist: Weiss Crypto Ratings Once Ethereum 2.0 arrives, ETC may stand no chance against ETH, Hoskinson says ![]() He offered to help avoid these attacks in the future and assist the ETC network in unleashing its full potential. Charles Hoskinson AugETC Labs prefers to do without Hoskinson’s adviceĪfter Ethereum Classic suffered two consecutive 51 percent attacks and lost $5.6 mln in ETC after the second one, the founder of Ethereum and Cardano, Charles Hoskinson, made an offer to the ETC community. ![]() The latter earlier published a blog post saying that Hoskinson’s suggestion about creating a treasury system goes against ETC's core values. In a video published on his Twitter page, Cardano founder Charles Hoskinson responded to the CEO of ETC Labs. Once Ethereum 2.0 arrives, ETC may stand no chance against ETH, Hoskinson says. ![]()
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