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Recently, Ethereum Classic, one of the main projects in the community, was in the spotlight as one of the main development teams, Ethereum Classic Development Company announced that they would stop their operations. This announcement has created a buzz in the market as the development team has stressed the other teams for failing them.
According to the official website, Ethereum Classic has five teams:
- ETCDEV
- IOHK [Grothendieck]
- ETC Cooperative
- ETC Labs
- ETC Commonwealth
Of the five teams, ETCDEV, IOHK and ETC Commonwealth are those that focus on project development and the rest provide financial support for the growth of Ethereum Classic.
It is known that ETCDEV was retaining the key customer of Ethereum Classic – Classic Geth, which was under the development team of DAO hack. The other projects on which the team works include the Emerald portfolio, Sputnik Virtual Machine and Orbita.
Now, the company will interrupt their operations on Ethereum Classic due to a financial crisis. The founder of ETCDEV, Igor Artamonov, stated that the company is facing a cash crisis and that it has not been able to raise funds due to the bear market.
In his recent blog post, Artamonov said that access to funds intended to be used for ETCDEV development has been lost. This was followed by the founder looking for financial assistance from DFG and ETC Labs.
Publish it, the Founder claimed to have provided administrator access to krykoder, a representative of DFG, upon request, which removed the access of everyone else and copied all the projects. This has led the team to effectively lose control of the Classic Geth and ETC community organizations.
He had declared:
"Removing an administrator is not a simple task: GitHub requires a special confirmation and password and must be executed multiple times for each administrator, which can not be done by mistake because ETC Labs, together with ETC Coop, is trying to portray no "
AMBCrypto contacted Anthony Lusardi, director of the ETC cooperative regarding this situation and their involvement in it. We also asked Lusardi what will happen to the projects after ETCDEV has stopped their operations.
"1. The ETC Cooperative has no involvement in the internal operations of ETCDEV or ETC Labs. We are all separated. 2. We are waiting for clarity about who will keep ETCDEV's projects going forward, but I do not think this is a problem, there are many people interested in making these projects remain part of the ecosystem. 3. GitHub is aware of the problem with the GitHub organization and are studying and solving it "
We also contacted Igor Artamonov and asked for information on the company's current position, taking into account the fact that they have been working for the ETC ecosystem for more than two years. We also asked him about the future of the project. To which, he said:
"We have done all the work for ETC in past years, all the protocol material, the portfolios, the libraries and the entire infrastructure [including gastracker.io for example] he was a developer of me or the team. Currently, ETCDEV discontinues all ETC related activities. No other team was working on major projects before that time. "
The founder and developer further stated:
"I do not know who will continue that job and what long-term plans and strategies they have." Speaking of other projects, such as Emerald, Sputnik and Orbita, we will continue our work on these projects, but will not be destined for Ethereum Classic. "
When asked for further clarifications on the future of the projects and the Classic Geth, he said:
"I'm working on a future strategy and how Emerald, SputnikVM and Orbita can be used outside of Ethereum Classic or be agnostic blockchain.There is still a final decision, and it will be published in the following weeks. It is a community project even though ETCDEV has been working on it for 2 years, ETCDEV will not continue this work and will not keep it ".
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