Ethereum

Is ETC 102% Screwed After Second 51% Attack?

Ethereum Classic (ETC) has suffered a second 51% assault in lower than one week, delivery the continued safety of the community into query.

On August 6, Etherchain.org tweeted that its attached mining pool Ethermine had disabled ETC pool payouts after greater than 4,000 blocks had been reorganised inside the newest assault on Ethereum Classic.

It will not be recognized if it’s the similar difficulty or a aper assault affected by the primary assault.

ETC’s safety better-known as into query

In response to the growing speed of 51% assaults concentrating on Ethereum Classic, Ethereum co-founder Vitalik Buterin tweeted:

“ETC should just switch to proof of stake. Even given its risk-averse culture, at this point making the jump seems lower-risk than not making it.”

Despite the plain exposure of the Ethereum Classic community, ETC is now buying and marketing for $7.05 – a mere 1.5% slide over seven days.

It prices $12Okay to 51% assault ETC for one hour

Last week’s reorganisation assault detected a hacker reap a greater than 2,800% return on an funding of $192,000 in rented hash energy from NiceHash – with the assaulter double-spending 807,260 ETC value $5.6 million into existence over lower than 24 hours.

According to crypto51, 51% assaults power be initiated con to Ethereum Classic utilizing rented hash energy from NiceHash for simply $12,028 per hour, with the platform now providing up 32% extra hashing energy than is required to provoke the assault.

Ethereum Classic is amongst 45 cryptocurrencies which can be instantly susceptible to 51% assaults utilizing exclusively hash energy rented from NiceHash. ETC additionally suffered a 51% assault in early January of 2019.

Is ETC 102% Screwed After Second 51% Attack?

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Patricia Bakely

Earn Free Bitcoin Online with BTCpeek.com

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