In this article, Author Dr. Craig Wright explains what a 51% attack is, how it relates to existing systems, and how it is being maligned by some people in the industry seeking to promote a system different from Bitcoin in many ways.
This week, Kurt Wuckert Jr. returns to CoinGeek Weekly Livestream with an Ask Me Anything episode, featuring a timely discussion on the malicious attack on the BSV network in July.
Two main themes emerge in the final episode in the ten-video “Theory of Bitcoin: The Bitcoin Whitepaper”: it’s impractical to try to cheat the system, and Bitcoin is first and foremost an economic system.
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.
