Cryptocurrency

Ethreum companions with ChainSafe and OpenRelay to forestall extra 51% assaults


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As it grapples with a number of safety breaches, Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of accelerating its defenses towards 51% assaults. 

In a put up, Ethereum and its Core Dev Team will work with each ChainSafe and OpenRelay to develop and check safety responses. 

James Wo, founder and chairman of Ethereum Classic Labs, mentioned the partnership is sensible: 

“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.”

OpenRelay will assist Ethereum to “develop practical simulations and models for the proposed features, establishing testnet infrastructure, and designing and implementing testnet tests” whereas ChainSafe is engaged on a overview of the numerous safety proposals to maintain the community secure. 

Ethereum has seen no less than three 51% assaults in August alone. These assaults even prompted exchanges like OKEx to warn Ethereum that it’ll delist ETC if it doesn’y improve its safety. The firm, decided to enhance its safety, mentioned regulation would be the key to stopping any future assaults by limiting hashpower rental corporations. They mentioned no less than two of the assaults had been brought on by rented hash energy from NiceHash.

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