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#51% Attack

51% Attack

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta
ForkLog 3 07.09.2020

IOHK Proposes Solution to Protect Ethereum Classic From 51% Attacks

IOHK, the developer of the Cardano cryptocurrency, proposed to introduce checkpoints in every third block of the Ethereum Classic network to protect it from 51% attacks.
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Vitalik Buterin says concerns about potential Ethereum 2.0 attacks are unfounded
ForkLog 27 03.09.2020

Vitalik Buterin says concerns about potential Ethereum 2.0 attacks are unfounded

Ethereum co-founder Vitalik Buterin said that a potential 51% attack on ETH 2.0 would not be fatal.
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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta
ForkLog 12 02.09.2020

Ethereum Classic Labs to Seek Regulators’ Involvement to Protect the Network From 51% Attacks

Ethereum Classic developers plan to better protect the network from future 51% attacks by engaging regulators and by overseeing platforms that lease hashing power.
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Ethereum Classic hit by another 51% attack
ForkLog 13 30.08.2020

Ethereum Classic hit by another 51% attack

The Ethereum Classic network has again come under a 51% attack, according to Bitfly, operator of the Ethermine mining pool.
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Ethereum Classic developers unveil plan to shield the network from new attacks
ForkLog 15 20.08.2020

Ethereum Classic developers unveil plan to shield the network from new attacks

Following a series of successful attacks on Ethereum Classic, developers prepared a set of proposals aimed at protecting the network in the future. The proposed innovations include short- and long-term steps to reduce the risk of similar attacks and to further develop the network.
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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta
ForkLog 14 16.08.2020

OKEx signals possible delisting of Ethereum Classic

OKEx cryptocurrency exchange confirmed a loss of $5.6 million as a result of the recent 51% attack on the Ethereum Classic network and is considering a full delisting of ETC. Nevertheless, in the last 24 hours the coin rose by 4%.
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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta
ForkLog 15 10.08.2020

Coinbase raises Ethereum Classic deposit-confirmation time to two weeks

The Coinbase exchange has increased the confirmation time for Ethereum Classic (ETC) deposits to two weeks. The move follows the recent series of 51% attacks on the network of this cryptocurrency.
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Damage from second Ethereum Classic 51% attack in a week estimated at $1.68 million
ForkLog 14 07.08.2020

Damage from second Ethereum Classic 51% attack in a week estimated at $1.68 million

As a result of the second 51% attack in five days on Ethereum Classic, a section of the network 4,236 blocks deep was reorganised. This allowed the attacker to carry out double spends totalling $1.68 million, according to Bitquery's latest report.
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Ethereum Classic network hit by second attack in a week
ForkLog 15 06.08.2020

Ethereum Classic network hit by second attack in a week

Ethereum Classic has recorded its second 51% attack in a week. Bitquery analysts concluded that the damage from the previous attack was 807,260 ETC (~$5.6 million).
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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta
ForkLog 12 01.08.2020

Ethereum Classic developers report network outage

A disruption occurred in the Ethereum Classic network, the exact nature of which is not yet known. Developers confirmed that they are studying the causes and recommended exchanges, mining pools and other users to temporarily refrain from conducting transactions.
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What is a 51% attack?
ForkLog 18 23.01.2020

What is a 51% attack?

1 What is a 51% attack? A 51% attack is a vulnerability of PoW blockchains that lets an attacker control transaction confirmation and block production. 2 What does controlling 51% of a network’s power enable? Attackers can hinder block discovery (selfish mining), perform double spends against service providers and exchanges, fork the main chain, block confirmations, and collect all rewards and fees during the attack.
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