The crypto-verse is not new to hacks and attacks, however, the Ethereum Classic network endured an array of 51% attacks over the last month. The most recent attack took place just two days ago which initiated the reorganization of over 7,000 blocks on the network or about two days’ worth of mining. In the light […]
etc 51 attack
Ethereum Classic Suffers Yet Another 51% Attack; 7,000 Blocks Reorganized
Ethereum Classic [ETC] has suffered a 51% attack for the third time in a month following which reorganization of over 7000 blocks occurred on the network which corresponded to approximately two days of mining. A chain reorganization takes place when a party gains more hashing power than the rest of the miners in the network. […]