Altcoins News
By Maheen Hernandez
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Ethereum Classic (ETC) James Wo
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Ethereum Classic (ETC) call themselves to be the money. They claim they are unstoppable and as being principled, and therefore call it the reason for the investor to Choose…
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Bob Summerwill tweeted: “The AGM for @ETCCooperative happened earlier. Two Resolutions were passed today, which strengthened our Board of Directors and put the new…
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Several investors expressed their happiness about having Elaine back. All of them are familiar faces and they are on a mission to accelerate the growth of Ethereum Classic.
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Eiaine expressed: "I am honored to be a part of the ETC Cooperative Board, and confident that ETC Coop will continue to make formative contributions to the ETC ecosystem.”
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Ethereum Classic have recently started a monumental new era as they are entering the second era of their '5M20' Monetary Policy, reducing $ETC block rewards.
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Donald McIntyre explained this in his tweet stating: “Later today the #ETC protocol is cutting miner rewards per block from ETC 4 to ETC 3.20, also known as the #fifthening.”
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An understanding of the Ethereum Classic’s fixed monetary policy with capped supply helps.
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Sydney Ifergan, the Crypto Expert tweeted: “It is important to understand that the Fifthening is not Halving!
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James Wo, Board member quit from being a board member of ETC stating: "I regret to say that, as a matter of principle, I must resign from the Board, effective immediately,…
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Wo also stated that they will be discontinuing financial support to ECC. Wo's statement came immediately after the miner subsidy was reduced.
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The transparency issue is related to Bob not having provided either Wo or the Board with financial reports.
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Wo clarified that he did not take this decision lightly. He stated that the Coop requires can efficient and professional leader.
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