Is ETC 102% Screwed After Second 51% Attack?
Ethereum Classic has suffered its second 51% attack in a week after 4,000 blocks were reorganized earlier today. Ethereum Classic (ETC) has suffered a second 51% attack in less than one week, bringing the ongoing security of the network into question. On August 6, Etherchain.org tweeted that its affiliated mining pool Ethermine had disabled ETC pool payouts after more than 4,000 blocks had been reorganized in the latest attack on Ethereum Classic. It is not known if it is the same hacker or a copycat attack inspired by the first attack. ETC’s security called into question In response to the increasing velocity of 51% attacks targeting Ethereum Classic, Ethereum co-founder Vitalik Buterin tweeted: “ETC should just switch to proof of stake.
Coin Telegraph - 6th Aug 06:08