ETC Labs and its ETC Core Dev Team are pleased to announce the addition of the OpenRelay and ChainSafe teams as part of its Network Security Plan. The ETC Core Team, with support from OpenRelay and ChainSafe, are collaborating to increase 51% attack resistance and to implement immediate technical responses to make the network more secure. The team is in the process of developing and testing immediate technical responses that will make the network more secure. They will also help address the 51% attack vulnerability that all PoW blockchains have.
ETC Core’s security features working group has been led by Isaac, ETC Core’s Protocol Lead and Client Developer, and well supported with the close cooperation with OpenRelay and ChainSafe. OpenRelay has and will continue to assist in developing practical simulations and models for the proposed features, establishing testnet infrastructure, and designing and implementing testnet tests; while ChainSafe has and will continue to support the conceptual review of various security proposals and specifications.
“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.
“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,” said Austin Roberts, Founder, and CEO of OpenRelay.
“ChainSafe is excited to be applying our expertise in collaboration with ETC Labs on research and development in helping secure PoW blockchains against 51% attacks. Our collaborative efforts will play a crucial role in securing ETC against malicious attackers on the network.” — Eric Tu, Developer at ChainSafe.
OpenRelay, the team behind Rivet, is a leading provider of web3 infrastructure that delivers high-performance blockchain tooling to the Ethereum Classic developer ecosystem. Through Rivet, they are laying the necessary groundwork that fuels decentralization and developing open-source software and standards that enable people to build on top of each other’s work. For more information, visit, https://rivet.cloud/.
ChainSafe Systems is a blockchain research and development firm with a focus on building infrastructure for Web3. They actively contribute to the Ethereum, Ethereum Classic, Cosmos, Polkadot, and Filecoin ecosystems and are open to contributing to other Web3 ecosystems. For more information, visit, https://chainsafe.io/.
About Ethereum Classic Labs (ETC Labs)
The mission of ETC Labs is to build relevant, accessible, and high-quality technology, and to use that technology to create communities of value in a mature and regulated ecosystem. The ultimate goal is to fulfill the promise of blockchain to improve people’s lives using Ethereum Classic, one of the world’s major public blockchains. The ETC Labs team of experts also fosters partnerships with organizations and institutions in order to address fundamental challenges in developing and deploying this innovative technology. We fulfill the mission in three ways: the ETC Labs Accelerator, which invests in up to 25 blockchain projects annually that contribute to sustaining a robust ecosystem; strategic investments in innovative projects focused on economic and social development; and the Core Team, a team of experts and developers who maintain the Ethereum Classic blockchain and build key applications, solutions, and tools. For more information visit, https://etclabs.org/