Ethereum Classic Hit By Another 51% Attack, Causes More Than 7,000 Blocks
Ethereum Classic Hit By Another 51% Attack, Causes More Than 7,000 Blocks
August 31, 2020
Ethereum Classic Hit By Another 51% Attack, Causes More Than 7,000 Blocks
Ethereum Classic Hit By Another 51% Attack, Causes More Than 7,000 Blocks
August 31, 2020

The Ethereum Classic (ETC) was hit by another 51% attack, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades.

It has been reported in a tweet that Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem.

However, the attack comes a few weeks after developers proposed changes to the network over the next three to six months in hopes of warding off further incursions, as immediate actions include defensive mining cooperation with mining pools to maintain consistently and even increased hashrates, advanced network monitoring, whitelisting addresses and a finality arbitration system to inhibit chain reorganization.

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In another tweet, ETC said that currently, it’s at “~3% of the overall network hashrate” and is aware that repeated attacks may occur while testing out these changes.

This month alone, Ethereum Classic suffered at least two 51% attacks before this latest one.

Thus, some exchanges like OKEx, alarmed at the constant attacks, even warned ETC it will delist it if security is not beefed up.

Source: Cointelegraph | Image: Wikicoins


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.