RATE Group | Parity Has ‘No Intention’ to Split Ethereum over $320 Million in Frozen ETH
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Parity Has ‘No Intention’ to Split Ethereum over $320 Million in Frozen ETH

26 Apr Parity Has ‘No Intention’ to Split Ethereum over $320 Million in Frozen ETH

Posted at 15:35h in Ethereum News by

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Parity Technologies has “no intention to split the Ethereum chain” over a dispute involving more than $320 million worth of ETH that has been frozen for months due to a bug in a multi-signature wallet smart contract library, the company said in a statement.

In the statement, which was attributed to Parity co-founders Jutta Steiner and Gavin Wood, the company stated in no uncertain terms that it has no intention to split the Ethereum blockchain — much as the network fractured into Ethereum and Ethereum Classic in 2016 — to recover the lost funds.

They wrote:

“Let us make clear: we have no intention to split the Ethereum chain. We plan to continue to work with the community to find a path forward. We have all dedicated a great deal of time and effort to developing the Ethereum ecosystem, and have no intention of harming what we have helped build.”

Nevertheless, Parity continues to promote a…

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