The Truth About 51% Attacks; The ETC Story

2019-1-12 15:54

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.

A lot of people believe that a 51% attack is a game-over scenario for cryptocurrencies. However,

The post The Truth About 51% Attacks; The ETC Story appeared first on ItsBlockchain.

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attacks attack → Результатов: 76


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


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Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.   Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000.

2018-12-4 13:00


Bitcoin Ransomware: The U.S. Indicts Iranians Over $6 Million Cryptocurrency Cyber-crimes

The U. S. Justice Department recently announced the indictment of two Iranians involved in a high-profile Bitcoin ransomware attack. Iranian Hackers Collect Bitcoin as Ransom According to a report by The Washington Post, the Justice Department of the United States on Wednesday (November 28) announced the indictment of two Iranian nationals involved in cryptocurrency ransomware attacks, […] The post Bitcoin Ransomware: The U.

2018-11-29 12:16


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Research: China has the power to destroy Bitcoin

A damning new study has suggested China holds threatening influence over Bitcoin – and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” with its “political and economic control over domestic [cryptocurrency] activity […] [and] internet infrastructure.

2018-10-8 19:07


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‘Real Risk’: Blockstream Exec Warns Over Bitcoin Cash 51 Percent Attack

Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.   Feathercoin? Is That You? In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.

2018-9-4 16:00


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Cryptocurrency Malware Infects Over 200,000 Mikrotik Routers

A cryptojacking campaign has affected over 200,000 routers made by Mikrotik, the Latvian networking company.   A Months-Old Vulnerability Exploited Security researchers recently mapped a series of cryptomining attacks, which initially attacked a large number of users in Brazil to create a growing mining botnet by infecting compromised devices with malware.

2018-8-7 07:00