Ethereum Classic Ponders ‘Code Is Law’ Philosophy After Multiple 51% Attacks

2020-8-7 09:38

After suffering two 51% attacks in a week, the ETC community is reeling. Vitalik Buterin suggested that ETC change its consensus algorithm to Proof of Stake. But is the conservative “Code Is Law” protocol ready for a change? On July 31, Ethereum Classic was hit by the first of two 51% attacks.

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Источник: beincrypto.com

attacks classic → Результатов: 25

Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks

Ethereum Classic (ETC), the fork or version of the Ethereum protocol that didn’t freeze the funds of the infamous DAO hack, has been under the spotlight over the past week. The post Why isn’t Ethereum Classic worth $0? Macro investor asks after 51% attacks appeared first on CryptoSlate.

2020-8-7 09:00
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Ethereum Classic Price Analysis - A second 51% attack

Ethereum Classic has experienced two 51% attacks in the past two years, suggesting low overall network security. As the network hash rate continues to decline, future 51% attacks become a greater possibility as the cost for an attack also continues to decline.

2020-8-5 15:01	BNC insights
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Ethereum Classic [ETC]: Mining begins in Astor Network as community responds to 51% attack

Ethereum Classic [ETC] endured a 51% attack twice in the month of January, attacks which successfully latched on to ETC’s blockchain for several days. The losses estimated following the breach accounted for more than $1 million.

2019-5-28 20:00	News
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New Update Will Make Dash Immune To 51 Percent Attacks

Hackers are still one of the biggest threats to Proof-of-Work networks. In the past year, digital thieves have used rented hash power to stage successful attacks on Vertcoin, Verge , Bitcoin Gold, Ethereum Classic, and several other cryptocurrencies, most of which have never recovered.

2019-5-24 02:01	Payments
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Five most prolific 51% attacks in crypto: Verge, Ethereum Classic, Bitcoin Gold, Feathercoin, Vertcoin

51% attacks are a cryptocurrency’s worst nightmare. These attacks destroy confidence in a project and emphasize the need for carefully designed proof-of-work consensus. Below is a list of the five most prolific 51% attacks in crypto.

2019-4-24 12:50	Mining
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Electrum Bitcoin Wallet Experiences DoS Attack By 140,000 Bots, Servers Go Offline, User Beware

The Bitcoin Wallet – Electrum – Under Attack By A 14,000 Strong Bot-Based DoS Attack DoS attacks, according to research over last year, is one of the few kinds of digital attacks that cryptocurrencies and blockchains are vulnerable to.

2019-4-8 22:15	News
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Here’s What DASH and RepuCoin Are Doing to Prevent 51 Percent Attacks

After Ethereum Classic “deep chain reorganization”, Dash and RepuCoin are taking steps to prevent future attacks waged against their network through ChainLocks and miner reputations. The post Here’s What DASH and RepuCoin Are Doing to Prevent 51 Percent Attacks appeared first on Ethereum World News.

2019-3-27 13:45	Dash
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Ethereum Myth Busted: Apples To Oranges On 51 Percent Attacks

Recently, Richard Gendal Brown, CTO of Corda, published an argument that Ethereum is not prepared for enterprise adoption because of the recent 51% attack on Ethereum Classic (ETC). Brown’s argument is paraphrased as follows: The Ethereum network’s utility to enterprise blockchains rests in the ability of those consortia blockchains to ‘anchor’ their data in the […] The post Ethereum Myth Busted: Apples To Oranges On 51 Percent Attacks appeared first on Crypto Briefing.

2019-1-30 00:30	ethereum
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Ethereum Classic (ETC) Introduces Surveillance System for Double Spending Attacks

Ethereum Classic (ETC), the cryptocurrency using the original Ethereum blockchain after Ethereum (ETH) forked away following the DAO hack… The post Ethereum Classic (ETC) Introduces Surveillance System for Double Spending Attacks appeared first on Invest In Blockchain.

2019-1-25 04:20	Ethereum Classic
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Bearish Crypto Market Likely to Lead to More Hacking Attacks

Over $200,000 worth of Ethereum Classic was stolen from Gate.io following a 51 percent attack. Learn why similar hacking incidences may still occur in 2019. The post Bearish Crypto Market Likely to Lead to More Hacking Attacks appeared first on CoinCentral.

2019-1-21 20:16
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Ethereum Classic Price Analysis: Broken confidence

Following a successful 51% attack on the Ethereum classic network, confidence in the security of the blockchain has been battered, particularly with the threat of secondary attacks still looming over the network.

2019-1-17 23:00	BNC insights
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More attacks coming in for Ethereum Classic (ETC) as on-chain transaction fees skyrocket

Less-popular result of the Ethereum hard fork, Ethereum Classic, recently suffered a 51% attack which led to more than $200,000 being stolen from exchanges. Recent data from the cryptocurrency’s blockchain suggests that more similar attacks might be on the way.

2019-1-15 08:39	Crypto Journal
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Fee Spike on Ethereum Classic Raises Fears of More Exchange Attacks

Abnormal network activity this past Sunday on ethereum classic caused certain miners to receive thousands of dollars in payout. These peculiar transactions also caused average transaction fees and hashrate levels to reach unprecedented highs.

2019-1-15 01:00
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The Truth About 51% Attacks; The ETC Story

Because of recent events, the community is abuzz with the effects and after effects of 51% attacks. For those of us who are uninformed, the Ethereum Classic coin, recently, faced a 51% attack that was pointed out by Coinbase.

2019-1-12 15:54
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Here’s Why 51% Attacks Don’t Affect Price

51% attacks are catastrophic in the cryptocurrency world–or are they? 51% attacks may be a little bit scary but here’s why they don’t affect price. The Ethereum Classic 51% Attack Ethereum Classic, one of the most popular altcoins by market cap, just succumbed to a 51% attack.

2019-1-11 04:00	Ethereum Classic
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Security Firm Asks Exchanges to Help It Find Ethereum Classic ‘Attacker’

Security firm SlowMist has come out with a public analysis of the latest chain attacks seen on ethereum classic.

2019-1-10 19:51
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Litecoin (LTC) Creator, Charlie Lee: If A Crypto Cannot be 51% Attacked, it is Not Decentralized

Right after news broke that the Ethereum Classic (ETC) cryptocurrency had been the victim of a 51% attack, one twitter user by the name of Crypto Tesla noted that a cryptocurrency has to be open for such attacks if it were to remain decentralized.

2019-1-9 17:11	XRP
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Ethereum Classic (ETC) 51% attack proof that shitcoins have no hope of succeeding?

On January 7th, the story broke about Ethereum Classic, the less popular result of the much-publicized post-DAO-hack Ethereum hard fork, suffering a 51% attack. After more than 200 thousand ETC ended up being stolen through double spending attacks and transaction reversal, ETC development team reacted and promised to look into a solution to what appears […] The post Ethereum Classic (ETC) 51% attack proof that shitcoins have no hope of succeeding? appeared first on CaptainAltcoin.

2019-1-9 12:57	Crypto Journal
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Gate.io Exchange Claims it Lost $200,000 of Ethereum Classic (ETC) After 51% Attack

The cryptocurrency exchange Gate. io explained that it lost $200,000 in Ethereum Classic (ETC) coins after the 51% attack that the network is currently experiencing. It seems that the exchange lost 40,000 ETC since the network experienced double spend attacks.

2019-1-9 23:19	News
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Exchange Says $200K in Ethereum Classic Lost As Blockchain Attacks Continue

Cryptocurrency exchange Gate.io has corroborated claims that the ethereum classic network is under a 51 percent attack, disclosing a loss of 40,000 ETC.

2019-1-9 20:51
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Ethereum Classic hackers steal over $1.1M with 51% attacks

Ethereum Classic, one of the most popular forks of the second most valuable cryptocurrencies by marketcap has suffered a 51-percent attack. After Chinese blockchain security firm SlowMist raised the alarm, an analyst at CoinNess dug a little deeper.

2019-1-8 13:34	hard fork
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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV).

2018-11-17 02:13	Digital assets
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Ethereum Co-Founder Buterin Introduces ‘The Splurge’ Upgrade

Ethereum co-founder Vitalik Buterin has unveiled “The Splurge,” a comprehensive set of protocol upgrades aimed at addressing a variety of challenges within the Ethereum ecosystem. In his latest blog post titled “Possible futures of the Ethereum protocol, part 6: The Splurge,” Buterin delves into the technical intricacies of upcoming enhancements that seek to propel Ethereum […]

Vitalik Buterin’s solution won’t work for every EVM network, Chiliz CSO says

Chiliz chief strategy officer Max Rabinovitch recently discussed Ethereum co-founder Vitalik Buterin’s efforts to address centralization in Ethereum’s validation structure. In an interview with crypto.

Vitalik Buterin’s solution might not be the best, Chiliz CSO says

Buterin Advocates for Memecoin-Driven DAOs as Shiba Inu Breathes New Life into Sector

Decentralized Autonomous Organizations (DAOs) are experiencing an unexpected revival, driven by an unlikely catalyst, meme coins.

Vitalik Buterin Thinks Michael Saylor’s Recent Comments On Regulated Bitcoin Custody Are ‘Batshit Insane’

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Vitalik Buterin outlines how Ethereum’s Verge can bring blockchain nodes to smartwatches

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Vitalik Buterin calls Michael Saylor’s comments on Bitcoin ‘insane’

Ethereum co-founder Vitalik Buterin criticizes MicroStrategy chairman Michael Saylor’s remarks that suggests he is in favor of crypto users using big banking institutions to hold custody over Bitcoin.

2020-8-7 09:38

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