The classical etherium network loses more than $ 1 million in 51%

in bitcoin •  6 years ago 

The Etherium Classic piece, from the Hardford process for the Euclidean blockbuster, was attacked with a 51% attack on Coin Blochen, with more than a million dollars stolen so far.

Etherium Classic in a state of siege
The Citi Classic has been under siege for three days and was attacked with a 51% attack on January 5th.

Coinbase observed for the first time this breakthrough: on January 7, he published a statement in which he announced the reorganization of the Euclidean blockbuster. Anthony Lucardi, the US director of the Citi Classic, confirmed the news to Bloomberg on January 8, saying that 12 cases of double spending of Etherium Classic had been observed so far.

Since then, Coinbase has suspended all transactions concerning Etherium Classic, which dropped more than 7% after the announcement of the attack. Carcken quickly followed and blocked all transactions involving digital currency.

Mark Nisbit, security engineer at Coinbase, told WIRED that the platform is "very confident" that the double expense is due to someone with 51% of the network.

The breakout is not the result of the ASIC chip test
The Atherom Classic team did not comment on the problem or reveal how the escape plans were managed. The lack of comments from the currency developers resulted in a series of misinformation, with some media reporting that there was no double expense associated with the attack.

Sources also said that this advance was the result of the ASIC chip test, which led the public to protest against the ban of these chips on the networks of ethereal and tertiary quality.

Coinbase has discovered that approximately 219,500 FTEs, valued at approximately $ 1.1 million, have been stolen so far to dispel any doubt about the breakthrough resulting from the ASIC test. The analysis revealed that the attack began on January 5 and lasted until January 8, making it one of the 51 longest attacks ever recorded.

Forbes magazine said the current ATH was likely to wake up the most popular digital currencies. Ner Kapisa, head of research at Columbia University's Biloxin Research Center, said beta-etherium should consider "an in-depth re-evaluation of the job security profile" to avoid similar attacks.

Matte Greenspan, senior market analyst at eToro, believes that such attacks on the most used digital currency are unreasonable. He warned that digital currencies with lower retail rates are more at risk for a 51% attack.

The 51% attack on the ETH recalls one of the main limitations of the decentralized network's vulnerability to attacks of 51%, especially for low-value digital currencies.

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