Unlike BSV supporters who champion the utility of BSV, BTC supporters tend to use some variant of the “money-printing” thesis as a justification for the value of the extremely limited version of Bitcoin which they prefer.
The Bitcoin SV network has already put in place safeguards to its protocols, which in all practical terms, makes attacks on the system illogical.
The Ethereum Classic blockchain has implemented a defense mechanism, "MESS," to reduce the chance of a 51% attack taking place on the network
After the ETC 51% attacks and block reorgs, there has been a substantial amount of misunderstanding around how NiceHash actually works.
In its latest blog post, ETC Labs blames NiceHash for the 51% attacks taking place on the Ethereum network.
The Ethereum Classic (ETC) network suffered yet another 51% attack on August 29, resulting in a 7,000 block re-org.
ETC Labs has laid out both a short term and long term plan to protect the Ethereum Classic network from future 51% attacks.
OKEx has released a report explaining how the Ethereum Classic 51% attacker stole $5.6 million from the exchange on August 1.
ETC Labs has teamed up with law firm Kobre & Kim as well as blockchain analytics firm CipherTrace to trace the origin of the attack.
Ethereum Classic experienced a 4,000 block org as a result of a 51% attack, the second block reorg to take place on the network in five days.
Bitfly was the first to detect the reorg and encouraged all digital currency exchanges to halt ETC deposits and withdrawals immediately.
Despite 51% attacks being debunked, those who misunderstand the nature of proof of work chains continue to bring this up as a concern.
