Earlier this year, the open-source hosting project Etho Protocol fell victim to an apparent inside bad actor who counterfeited the cryptocurrency. Normally the result of such an attack is project collapse. However, in an extraordinary community effort and with the support of Kucoin, one of the largest cryptocurrency exchanges in the world, the project and its cryptocurrency were saved.
SHERIDAN, Wyo. - July 11, 2022 - PRLog -- Cryptocurrency history was made today after Etho Protocol, a 100% open-source and community driven project fights off-hack, saves project and with the help of one of the largest cryptocurrency exchanges in the world, begins trading again. But even more importantly a new Development Team is in place taking the project to the next level in utility.
"Today leaves everyone at our project simply speechless, the accomplishment is simply extraordinary. No project or cryptocurrency that I know of has ever survived such an event." stated, Chris Terry, a community Elected Council Member. Mr. Terry continued, "One of our community members alerted us to the hack, from there other members of the community volunteered to help us recover. But not only did we recover, we reengineered everything. We built it better, stronger and more secure. Kucoin, our #1 trading platform, supported us from start to finish--they are a fantastic partner and we could not have done it without them. Now we are focused on the future with more functionality and ease of use. Anyone, anywhere can host their data, safely, securely, easily and censorship free on our platform. The survival of this hack, which is the ultimate test of any software, blockchain or cryptocurrency project, proves Etho Protocol is ready for business. Battled tested we are".
About Etho Protocol
The Etho Protocol is a open-source platform that empowers any individual or entity to publish and share data without the fear of censorship or attack. There is no central authority, the entire protocol is managed by Community Consensus. A global network of cloud-based computing resources provides a fully decentralized hosting solution that is fault tolerant, redundant, and secure. The Etho Protocol also includes smart-contract management structures for blockchain, financial, and decentralized data operations.
The entire solution is powered by the project's own cryptocurrency ticker symbol "ETHO" which can be purchased on now KuCoin.com, Probit.com, Stex.com and other leading cryptocurrency exchanges. Learn more at https://www.ethoprotocol.com. For total visibility on the project's performance see https://info.ethoprotocol.com/ for live statistical data.
About KuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, https://KuCoin.com has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin's monthly unique visit ranks the top 5 globally.
The Etho Protocol - Freedom of Data
Trademark Disclaimer: Any brands, names, people, trademarks or other digital properties mentioned in this press release are not associated with, sponsor, nor endorse the Etho Protocol Project.
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