On 7th July, Charles Hoskinson took to YouTube to address IOHK and the role that it will continue to play in supporting ETC’s development. He said:
“I got involved in Ethereum Classic to prove that principles matter and it is not okay to reverse, and that people need to have the option that if they believe in what Vitalik has done, they can keep with Ethereum and if they believe that the original intent should be maintained, they can sell their Ether and stay with the Ethereum Classic ecosystem. And basically, people should be given a proper choice, not a rushed choice.”
Charles Hoskinson shared that the Ethereum Classic community did not start off with much credibility initially owing to the majority of the infrastructure developers transferring to Ethereum.
Hence, it was important to restart and invest money in building from the ground up with a completely new client. Cardano then started from scratch and brought together a team of Scala developers. This team spent a whole year in constructing what is now the most concise Ethereum client ever with only about 12,000 lines of code that has great coverage, functions really fast, built to be very user-friendly and is security audited.
Hoskinson stated that while there have been attempts to create some capital aggregation, it has not been materialized yet in a way that would be productive for everybody. He is, however, confident that they are getting there.
Hoskinson also mentioned that there would be a summit in the month of September where he will be presenting the latest version of mantas that will have built-in Ethereum support. They will target Ethereum Classic, Ethereum and the ERC20 wallet.
As this will be a full node, the entire Ethereum network should essentially be able to run just based on that code.
He also stated that the summit will include discussions about plans for 2019 and what it should look like in terms of whether to scale up or stay on the same level, or whether to gradually scale down and leave it to the community to manage the codes that have been written.
“I think it is overall mission accomplished. Most people respect Ethereum Classic at this point. If anything, just for its principles. Most of the fights of the past have been resolved, and even Vitalik himself actually holds some Ether Classic and a lot of people that left the Ethereum ecosystem turns out never sold their Ether Classic, they kept it.”
Hoskinson further stated that they would most likely stay on proof-of-work and discuss innovating it in the smart contract space in the summit.
Subscribe to AMBCrypto’s Newsletter
Bitcoin [BTC] Price Analysis: Coin reunites with the bull after escaping the bear trap
Bitcoin [BTC]: John McAfee predicts Bitcoin to breach the $1 million mark on 31 December, 2020
Bitcoin Cash [BCH] Price Analysis: Coin breaks resistance as bulls look to settle down
Bitcoin SV [BSV] Price Analysis: Coin ready for a bull run as markets move steadily
Litecoin [LTC] Price Analysis: Bulls set to take charge as coin recovers from earlier losses
Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”
Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange
Bitcoin [BTC]: Mt Gox redemption plan demonstrates the power of open source network, says Brock Pierce
Nouriel Roubini says JP Morgan’s cryptocurrency JPM Coin is a joke; compares it to XRP
A New Generation of Crypto-Exchange: ALL IN ONE Crypto-Exchange
Ethereum [ETH] dApp users drop as EOS and Tron dominate the market
Bitcoin [BTC] Futures by the Chicago Mercantile Exchange Group reaches an all-time high in Q1 of 2019
- Bitcoin Cash
Bitcoin Cash [BCH] support rolled out by Coinbase custodial wallet app
EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise