Mark Mason
Well-known member
Ethereum Classic Suffers Possible 51% Attack, Latest in String of Smaller Coin Attacks
Ethereum Classic has experienced mining abnormalities which may constitute a 51% attack.
Recently, Coinbase indicated that it had detected a hashpower consolidation event in Ethereum Classic, with over 51% of the network’s mining power concentrated in a single entity. Coinbase additionally reported the presence of double-spend attacks on the network, as well as deep reorganizations of the chain. Ethereum Classic’s developers, meanwhile, have denied an attack has taken place, insisting a simple consolidation had taken place without a reorganization or double-spend. In addition to Coinbase, exchanges bitFlyer and Coincheck have halted deposits and withdrawals for Ethereum Classic until the situation can be rectified.
Read more - https://dashnews.org/ethereum-class...ack-latest-in-string-of-smaller-coin-attacks/
Ethereum Classic has experienced mining abnormalities which may constitute a 51% attack.
Recently, Coinbase indicated that it had detected a hashpower consolidation event in Ethereum Classic, with over 51% of the network’s mining power concentrated in a single entity. Coinbase additionally reported the presence of double-spend attacks on the network, as well as deep reorganizations of the chain. Ethereum Classic’s developers, meanwhile, have denied an attack has taken place, insisting a simple consolidation had taken place without a reorganization or double-spend. In addition to Coinbase, exchanges bitFlyer and Coincheck have halted deposits and withdrawals for Ethereum Classic until the situation can be rectified.
Read more - https://dashnews.org/ethereum-class...ack-latest-in-string-of-smaller-coin-attacks/
