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Ethereum Classic suffers another 51% attack

August 30, 2020

The Ethereum Classic (ETC) network was hit by another 51% attack on August 29. Just weeks after security updates were proposed, more than 7,000 blocks were reorganized.

In one Tweet, Ethereum Classic confirmed the attack and promised to work on possible solutions to this problem.

“While ETC continues to make progress in evaluating the proposed solutions, we are aware of the current risk to the network with such a low hash rate. We encourage miners, exchanges and other service providers to maintain the required levels. Confirmation above 7K for now . “

Ethereum Classic suffers another 51% attackEthereum Classic suffers another 51% attack

The attack comes a few weeks after developers proposed changes to the network over the next three to six months to avoid further inconvenience. Immediate actions include mining defensively working with mining pools to maintain and even increase consistent hash rates, advanced network monitoring, address whitelists, and final arbitration to prevent chain reorganization.

ETC said in another Tweet this is currently in “~ 3% of the total network hash rate” and you understand that testing these changes could result in constant attacks.

Just this month Ethereum Classic suffered at least two attacks of 51% before the latter. Some exchanges like OKEx, alarmed by the constant problems, They warned ETC that it will be removed from its platform if they do not take the appropriate measures to strengthen its security.

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