Ethereum Classic
$7.71 1.21%
ETC · 2w

Ethereum Foundation Donates $134.000 To ETC Cooperative

/latest/2018/10/ethereum-foundation-donates-134k-to-ethereum-classic-coop-amid-thawing-tensions/

Ethereum Foundation Donates $134k to Ethereum Classic Co-op Amid ‘Thawing Tensions’

ethereum-foundation-donates-134k-to-ethereum-classic-coop-amid-thawing-tensions

Ethereum Foundation Donates $134k to Ethereum Classic Co-op Amid ‘Thawing Tensions’ Eth Foundation Donates 15,000 ETC To Eth Classic Co-op Common development possibilities cited

The Ethereum Foundation has donated 15,000 Ethereum Classic (ETC) tokens - or about $134,000 as of press time - to the Ethereum Classic Cooperative, after coming across the bounty in “old Foundation wallets,” according to a Foundation Medium post.

The Ethereum Foundation and Ethereum Classic Cooperative are largely similar organizations, both being semi-autonomous support vehicles for their respective chains, providing financial backing and fostering community engagement and growth. The Ethereum Foundation, for example, is currently hosting Devcon4 in Prague.

The Ethereum (ETH) and ETC development communities have been cooperating as of late on some technical challenges shared by the two chains, explained the Foundation’s Virgil Griffith. The donation seems to come as a sort of peace offering for “thawing tensions” in Griffith’s words. The two chains famously split more than two years ago amid the controversy of the DAO refund (full background here).

No obligation to ETH Foundation/ETC Co-op

Igor Artamonov who is lead developer at ETCDEV, a principal ETC development group, almost immediately took to twitter to clarify the nature of the donation, stating that ETCDEV is independent from both the...

Continue on cryptoglobe.com
Recent news
ETC +1.21% · twitter.com · 14h

My goal is to speedup program processing on ETC. The Just in Time (JIT) compiler we are working on will decrease execution time of smart contracts running in SputnikVM. It's possible we may accelerate execution by 30x to 60x." ~ Michael Collison - Compiler Engineer - ETCDEV

"My goal is to speedup program processing on ETC. The Just in Time (JIT) compiler we are working on will decrease execution time of smart contracts running in SputnikVM. It's possible we may accelerat...