Parity Technologies issued a statement Thursday stating it has no plans to move forward with a code change that would result in an ethereum blockchain split.
Named EIP-999, the contentious code change would recover the $264 million lost due to a code fault in Parity wallets in November 2017.
Signed by co-founder of the company Gavin Wood and co-founder and CEO Jutta Steiner, the statement emphasizes that the company has “no intention to split the ethereum chain,” but rather, plans to “work with the community to find a path forward.”
The statement continues:
“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.”