Ethereum Classic suffered a 51% attack in the early hours of August 1st. A blog post from the ETC Cooperative said attackers flooded the network with offline mined blocks. As a result, the network was unable to process the volume of transactions, leading to a reorganization of the chain and split between nodes. “Miner 0x75d1e5477f1fdaad6e0e3d433ab69b08c482f14e…
The overall crypto market shows signs of price reversal from the downtrend, boosting investors’ confidence. To start with, the week started well for BTC as the market saw its price above $22K. Bitcoin had traded below the $20K price mark until the close of the market on September 9, when it hit $21,381.15. BTC managed…
This past week Ethereum Classic suffered not one, but two 51% attacks. The culprits were able to make off with millions as a result. While this doesn’t directly cause the underlying network to slow, due to the attacks this cryptocurrency’s confirmation times have increased drastically. Exactly how bad have these attacks hurt ETC? Crypto As…