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ETC Cooperative Funds Core-Geth to Strengthen ETH Protocol

ETC Cooperative Funds

byRitu Lavania
December 27, 2021
in Cryptocurrency News

The community of Ethereum Classic is in for a joyful new year after the announcement from ETC Cooperative regarding the protocol’s future year. As per the PR release, the ETC Cooperative, one of the leading public trusts dedicated to promoting the expansion of Ethereum Classic, and is going to begin sponsoring the development of Core-Geth client next month.

The Core-Geth, provider of Ethereum protocol using the language of Go programming language helping to operate ETH Classic, ETH, along with the associated test networks. Geth is the Ethereum network’s most popular client, with the bulk of its users using it. ETC devs Isaac Ardis and Christos Ziogas together signed new deals with ETC Coop operating under the ETC Core Team, according to the statement. Diego López León will also be on the team.

Leon has worked for ETC Coop on the Hyperledger Besu client, a protocol supplier for ETC, since September.

The core team of ETC will keep working towards the development of customers, as well as other projects as they arise, according to ETC Coop. The team’s current exclusive concentration on only the Core-Geth customer is not indicative of the team’s history.

The team of Core Developers plays an important role in the protocol of ETC since it split off with the ETH network. They were vital in maintaining prior Geth clients prior to Core-Geth being released in the year 2020.

The Core-Geth is the network’s primary node and acts as the fork for the Go Ethereum client. It controls 94.5 percent of the network’s nodes, while Hyperledger Besu controls the remaining of the total 5.5 percent. Initially, the Core-Geth got support from Ethereum Classic Labs but will now be funded by the Ethereum Classic Foundation.

The network’s ongoing rise in ETC clients seems crucial since playing a significant role in ensuring the network’s security stays up to date. Due to a fault discovered in the platform of Geth client, which has been installed by over ETH users 50%, the Ethereum protocol just avoided a catastrophic hard split, similar to the one that formed ETC in 2016.

ETC failed in this term since it was also targeted by the same flaw, resulting in an accidental hard fork during September. Although this mishap was not so big, a negative impact on the hash rate showed grounds for concern in the future.

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Ritu Lavania

Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She specializes in creating engaging and impactful content for diverse audiences. Her skill set includes research, creative writing, SEO, and cross-functional collaboration. She supports animal and education causes . She enjoys writing poetry and interpreting abstract art!

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