Ethereum Classic Community Divided Over Charles Hoskinson’s Proposed Treasury Protocol
Cointelegraph
Published Aug 14, 2020 02:07PM ET
Updated Aug 14, 2020 04:00PM ET
Charles Hoskinson presented his idea for a decentralized treasury protocol to the Ethereum Classic (ETC) community during a Discord call on August 13. Hoskinson, who is the founder of Cardano (ADA) and one of the co-founders of Ethereum, strongly believes that setting up an independent source of funding for development and innovation can ensure the prosperity of ETC.
Hoskinson’s proposal to change ETC’s block reward allocation would mean that instead of rewards going entirely to the network’s miners, blocks would allocate a portion of every reward to a newly-created decentralized treasury. This treasury would then be used to finance future development of the ecosystem. IOHK, a company which Hoskinson runs, has also apparently developed a technology that would prevent future 51% attacks.
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Written By: Cointelegraph
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