Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of increasing its defenses against 51% attacks.
Our team is proud to support the crucial work of so many talented and committed people @etc_core @etclabs!!!https://t.co/0OZOESUPgV
— OpenRelay ? openrelay.eth (@open_relay) September 15, 2020
“OpenRelay and ChainSafe are both well acquainted with Ethereum Classic, through working together, will have some of the most brilliant minds in blockchain tackling the 51% problem in tandem. The team-up will bring additional expertise in Proof-of-Work security systems and testing environments,” said James Wo Founder and Chairman of ETC Labs.
Austin Roberts, Founder, and CEO of OpenRelay, said the partnership makes sense:
“We believe the solutions that we’re working on will be a huge leap forward for Ethereum Classic, and we look forward to continuing to work alongside the many talented individuals at ETC Labs who have taken it from concept to reality,”.
Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of increasing its defenses against 51% attacks.has seen at least three 51% attacks in August alone. These attacks even caused exchanges like OKEx to warn Ethereum that it will delist ETC if it doesn’t upgrade its security.
Read more:
- Ethereum Classic Blockchain Suffered A 51% Attack Saturday Evening, Its Third Such Attack This Month
- Ethereum Classic Announced The Successful Updation Of Its Testnet Is Completed And Was On The Process For Mainnet Launch