Latest Posts with 51% attack tag

51% attack

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(IJCH) Crypto/Blockchain Anxiety - Adjust your Discomfort Levels to Your Exposure and Knowledge

25 Dec 2020 4 minute read 0 comments JaiChai

"A close online friend - a non-techie and recent Blockchain and Cryptocurrency convert - read my piece on "The 51% Attack Myth" and contacted me today via secure video-chat." Image by Author IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal...

Privacy Coin GRIN is Experiencing a 51% Attack

9 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Privacy coin GRIN is currently experiencing a 51% attack, according to mining pool data platform 2miners.com, which tweeted about the development on Nov. 8.  One mining entity seized control of 58.1% of the network’s hash power on Nov.7 2miners cont...

What Do You Know about Blockchina ?

11 Sep 2020 1 minute read 3 comments Sergei Nemetz

Blockchina is a blockchain created by a group of people hiding behind a nickname Satoshi Nakamoto, and later taken over by people from an Asian country. An alternative story reads that Blockchina never actually got taken over - the initial group of c...

ETC Labs Announces ETC Security Fixes to Fight 51% Attacks

21 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Blockchain development company ETC Labs has revealed fixes to improve Ethereum Classic’s (ETC) defenses against 51% attack on August 19, following multiple  incidents over the past few weeks that have damaged the network’s reputation. Fix is only a...

OKEx Considering Delisting ETC Because of 51% Attacks

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

CoinDesk reported on August 17 that Malta-based cryptocurrency exchange OKEx is considering delisting the Ethereum Classic (ETC) cryptocurrency, after the two recent attacks had resulted in a loss of funds on the exchange. OKEx CEO Jay Hao told Coin...

Jameson Lopp Says That Chinese Mining Dominance Won't Last Forever

10 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Cypherpunk, programmer and cryptocurrency proponent Jameson Lopp published a blog post on August 9 that examined the actual threat faced by the dominance of Chinese miners. Lopp argued that the status quo may not last long, as internationally produce...

Ethereum Classic 51% Attacked Twice in One Week, Is Passed By Attack-Resistant Dash

6 Aug 2020 1 minute read 2 comments TheDesertLynx

Ethereum Classic recently suffered from two separate 51% attacks, following which it fell in market cap ranking behind Dash, which implemented anti-51% attack countermeasures in early 2019. At the beginning of the month, a 51% attack on the Ethereum...

Ethereum Classic Experienced its Second 51% Attack in a Week

6 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Ethereum Classic (ETC) experienced its second 51% attack in roughly a week, after the Ethermine pool’s parent entity Bitfly reported that 4000 blocks had been reorganized on August 6. The amount stolen is currently unknown. This is the second attack...

Bitcoin Alert! What is a 51% attack?

26 Jun 2020 2 minute read 0 comments PhoenixDev

Are cryptocurrency networks at risk? What is a 51% attack? Introduction The operation of cryptocurrencies is based on a fundamental principle, that of decentralization. In this way, each of the participants or nodes of a network have a copy of the b...

What is a 51% attack?

25 Jun 2020 6 minute read 0 comments Kluma

What is a 51% attack? A 51% attack is a vulnerability in PoW blockchains with the help of which an attacker takes control of transaction confirmation and block generation.   What gives the possession of 51% of the network power? With 51% of t...