What happened?
Yea, another one bites the hack.. ZenCash (Zen) has suffered a 51% hack. That means that someone highjacked the blockchain by taking over over 50% of the mining power. That is definitely is a weakness in their programming, but it's not that big of a deal. Verge and others have gone through their share of hacks, but it's kind of normal. The blockchain is a new technology so now is a good time to get the kinks out. These hacks usually don't amount to more than 0.5% of the market value of the given coin or token, so it's a contained exposure to a vulnerability. Let's stay focused on the tech and let's be positive.
Zen Cash 51% Hack, Nothing Safe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seems if blockchain isnt that safe yet as we were told.... If this goes on people and investors might loose faith in the technique.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yea I am sure that some of the people that don't truly believe in the technology will stop investing in the tokens but there are a lot that you can take out of that. First off it means that those folks are not invested in the technology but are invested in the financials of the coins/tokens. That's not really helping the technology. And this is a speculative market that is very very young, The market has no precedent or regulation so it will keep on swinging as far as what I'm foreseeing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep. You better fasten your seatbelts.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit