[ad_1]
The Ethereum Classic Labs incubator has launched a new ETC (Ethereum Classic) ETC Labs Core development team. The company unveiled this in a post published on January 14th.
According to the announcement, the new team will work on basic ETC projects, supporting the money blockchain and providing tools for development, extraction and decentralized application services.
In the first quarter of 2019 the team will focus on the revision of the Ethereum hard (ETH) fork in Constantinople, scheduled for January 16th. This will happen before finalizing the 1045 proposal for the classic improvement of Ethereum, which will introduce support for some parts of the updates of Constantinople and Constantinople of Ethereum on the ETC network.
During the rest of the year, the team will focus on related issues such as chain monitoring and analysis tools as a result of the 51% attack on ETC in January.
As previously reported by Cointelegraph, the Coinbase cryptocurrency exchange detected a reorganization of ETC blockchain on Saturday 5 January and indicated that it was a 51% attack involving over $ 1.1 million in cryptography.
ETC developers denied attack reports first, stating that double spending did not take place on the network. However, they asked all the grants and mining pools to significantly increase the confirmation times on all withdrawals and deposits.
At the beginning of December 2018, the founder of one of the leading ETC development teams ETVev, Igor Artamonov announced that the team can not continue to work and must close its activities, partly due to the collapse of the market crash "combined with a cash crisis in the company".
The ETC is currently trading at around $ 4.37, up 2.57% over the last 24 hours, according to CoinMarketCap. Altcoin's market capitalization is around $ 469 million, making it the 18th largest cryptocurrency at the time of printing.
[ad_2]Source link
