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/ Ultima / 2019/01 / etc-laboratories-core-developer-group-founded to improve-Ethereum-classic-s-protocol /
ETC Labs, an incubator based in San Francisco for projects related to Ethereum Classic (ETC), has announced that a new team of developers will work on the maintenance and improvement of the block-block network based on Turing Complete, proof-of-work (PoW).
According to the official blog post of the ETC team, the newly appointed group of developers will work on the core projects of Ethereum Classic. Operating under the name ETC Labs Corethe development team will be in charge of supporting the Ethereum Classic blockchain.
ETC Labs Core will also focus on facilitating the development of decentralized applications (dApps) on the Ethereum Classic platform. In addition, the main developers will support other services related to the maintenance of the blockchain network, including mining.
ETC Coop, ETC Labs, IOHK to work on updates to Ethereum Classic
During Q1 2019, ETC Labs Core "will review" the upcoming gallows of Constantinople of Ethereum (ETH), "before finalizing" the ECIP-1045 proposing a "subset" of "Byzantine updates and Constantinople" .
After consulting with IOHK (an engineering company that helps develop encrypted projects for "academic institutions, government agencies and corporations"), ETC Coop (an organization that "financially supports" the "development of the Ethereum Classic protocol") , other organizations focused growth of ETC and members of the cryptocurrency community, the ETC Labs Core group announce a blocking number in which updates of Ethereum Classic will be activated.
ETC Labs Core will also work on security issues including the development of an improved protocol to prevent 51% attacks. As reported by CryptoGlobe on January 8, Coinbase discontinued all withdrawals and deposits of ETCs after the Coinbase security team "detected a major reorganization of the Ethereum Classic blockchain chain".
Prevent future attacks by 51% by improving the ETC protocol
The San Francisco-based trading company confirmed (on January 5) that an attacker had pledged to "double" his ETC coins. In particular, Coinbase also noted "8 additional reorganisations that included double expenses, for a total of 88,500 ETCs (~ $ 460,000)."
In the beginning, ETC's development team had denied the 51% attack reports. The developers also claimed that the double expense did not occur on the Ethereum Classic blockchain. To prevent users' funds from being stolen, ETC developers have asked all cryptographic plants and mining pools to stop withdrawals and deposits and / or significantly increase the confirmation time before releasing funds.
As expected, ETCDEV, a leading organization supporting the development of Ethereum Classic, was forced to close its operations (in December 2018) due to lack of funds. However, Ethereum Classic is an open-source project in the sense that anyone can help improve its protocol. Large organizations like IOHK still seem to be interested in supporting the growth of Ethereum Classic, which could potentially help improve the underlying technology and encourage even more users to create ETC-based dApps.
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