ETC Labs Core Rebrands To ETC Core, Clarifying Difference With ETC Labs

The blockchain latest news today show us that one of the major developers organizations Ethereum Classic (ETC) – ETC Labs Core – has officially rebranded to ETC Core. The update was confirmed in a December 15 blog post, where ETC Core’s technology coordinator Stevan Lohja announced that ETC Labs Core had been rebranded to just ETC Core.

Lohja also stipulated and noted that the rebranding will assist the company to differentiate itself from ETC Labs, which was one of the first incubators that supported innovative projects on the Ethereum Classic blockchain.
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The Ethereum Classic news today also show that Lohja introduced the development team ETC Labs Core at the beginning of 2019. Ever since then, this team has been working on core ETC projects and supported the coin’s blockchain. They also actively provided tools for decentralized applicaiton development, mining and services.

As of recently, we could see how Lohja announced that ETC core developers and all the ecosystem stakeholders who participated had agreed on a target block number for mainnet activation – as well as a testnet review period for greater assurance. “Core developers agreed to activate Agharta on mainnet at block 9_573_000 which is expected around Jan. 15, 2020,” Lohja noted and added:

“Assuming all testnets are running smoothly or any needed configurations are made, then Agharta will proceed to Accepted status, and Final when activated on mainnet across clients.”

In early September, the same team at ETC Labs Core activated the Atlantis hard fork which was aimed at improving the altcoin’s functionality and compatibility with Ethereum (ETH). The ETC Director of Developer Relations Yaz Khoury also congratulated the project and the entire development, noting:

“Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.”

Besides the ETC Labs Core update and rebranding, market news and updates show that Ethereum Classic (ETC) is now at $3.71 with a new 2.74% decrease overnight. The entire altcoin market is now vulnerable and may take new hits along with BTC which managed to visit the lower $6,000 region once again.