TL:DR: The team who tried to money grab during the merge ran out of money and abandoned the chain.
Ethereum Classic is still the worlds largest Proof of Work EVM network. Decentralized, immutable, and open for business. #etc #ETCisComing #EthereumClassic #Ethereum
ETHW Core Organization Dissolution Statementhttps://t.co/tmdMaMpbuf#ethereumpow #ethw@EthereumPoW @ETHW_cn
— EthereumPoW (ETHW) Official (@EthereumPoW) December 19, 2023