Ethereum Classic Labs Doing Their Best To Provide a Secure Platform for ETC CommunitySeptember 9, 2020
Ethereum Classic Labs recently stated that they are expanding the ETC Labs and @etc_core team to enhance network security and propel adoption for #ETC. ETC Core have required exchanges, miners, and other stakeholders to maintain increased confirmation times: >12K, for now.
Some of them opined that 12K is a lot and they felt that it would be nice if it was a bit less.
One of the news channels named Forkcast, pointed to how despite its security flaws, etclabs CEO says that PoW still achieves a decentralized network while PoS may lead to whales dominating the network. “We would rather take the risk and maintain a truly decentralized network.
Of note Forkcast News, are focused on future thinking in times of change – emerging technology at the intersection of business, economy, and politics. From Asia, to the world.
Sydney Ifergan, the crypto expert tweeted: “Ethereum Classic (ETC) are continuing to evaluate their solutions to deal with ongoing attacks. They probably need their time to put things strongly and securely in place.”
ETC Labs have made a promise to do ensure everything that is possible to enhance security in order to strengthen the network and to invest more of their resources both in terms of human and financial investments. As a part of that initiative, they continue to expand the ETC Labs and its ETC Core development team.
Ethereum Classic (ETC) Chainalysis Partnership
Ethereum Classic Labs tweeted: “We’ve partnered with @chainalysis to offer automated transaction monitoring and training at a discounted rate to our startups, projects, and grantees.”
Through this partnership, they are now offering Chainalysis KYT (Know Your Transaction), which is an automated transaction monitoring solution, and training certifications platform which is made available at a reduced rate to their accelerator startups.
Chainalysis KYT also combines the industry’s leading blockchain intelligence, which is an easy-to-use interface with a real-time API to reduce manual workflows while at the same time helping cryptocurrency businesses to comply with the local and global regulations.
Based on the partnership Chainalysis are also going to provide the ETC Labs startups, projects, and grantees with access to Chainalysis subject matter experts details about compliance and regulation to help the companies and projects to scope their requirements.
The good things is that reduced rate is available for Chainalysis’ KYT technology for startups and projects which are coming through the ETC Labs accelerator and through all the portfolio companies.
Of note, Chainalysis is a blockchain analysis company which is providing data and analysis to government agencies, exchanges, and several other financial institutions across 40+ countries.