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Criptovalute:  7,186Mercati:  30,048Cap. del mercato:  $346,046,209,118Vol 24h:  $108,999,385,764Dominanza BTC:  57.6%
Cap. del mercato:  $346,046,209,118Vol 24h:  $108,999,385,764Dominanza BTC:  57.6%Criptovalute:  7,186Mercati:  30,048

Ethereum Classic suffers another 51% attack in five days

Ethereum Classic suffers another 51% attack in five days

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Ethereum Classic suffers another 51% attack in five days

The Block1 month ago
Published on August 06, 2020 06:20 GMT+0edited on August 06, 2020 06:34 GMT+0

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The Ethereum Classic (ETC) blockchain has experienced a second 51% attack in a week.

Bitfly, the parent company of Ethermine mining pool, reported the attack on Thursday morning. Binance also confirmed the reorganization of more than 4,000 blocks on ETC at block number 10935622. As a result, both Bitfly and Binance have halted ETC payouts, withdrawals and deposits.

A 51% attack or reorganization of a blockchain occurs when a group of miners controls more than 50% of the network's hash rate or computing power. This allows them to prevent new transactions from gaining confirmations, halt payments between users, as well as reverse transactions that were completed, meaning they could double-spend coins.

Today's attack is the second 51% attack on ETC in just five days, followed by the one …