Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson's Bailout
Cointelegraph
Published Aug 10, 2020 06:08PM ET
Updated Aug 10, 2020 07:40PM ET
Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money:
Ethereum Classic recently suffered multiple 51% attacks, leaving the project’s fate uncertain. According to Hoskinson, his Cardano development company, IOHK, has done quite a bit of research in the proof-of-work space and may have a way to prevent similar attacks from occurring on the network in future.
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Written By: Cointelegraph
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