ETC Labs Wants to Secure Network with Watchdogs

… beginning of August, the blockchain network of Ethereum Classic suffered several 51% attacks with hash rate allegedly purchased from NiceHash.

Focused on accelerating the development of Ethereum Classic and supporting blockchain startups, Ethereum Classic Labs (ETC Labs), has announced the launch of a new initiative to engage law enforcement and global regulators.

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With this regulation, the company wants to bring accountability and transparency to hash rental.

According to an official blog post, the crypto market is suffering manipulations from hash rental platforms such as NiceHash despite the strict regulation implemented through the KYC/AML policies.