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.
This week’s headlines include another 51% attack on Ethereum Classic, BTC miners losing subsidized power in China, and the finalists of the Bitcoin SV 2020 Hackathon.
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.
2Miners received initial reports of a considerable decline in the performance of Antminer E3 mining rigs while mining Ethereum Classic.