The Ethereum Basic (ETC) community was hit by one other 51% assault on August 29, inflicting the reorganization of greater than 7,000 blocks simply
The Ethereum Basic (ETC) community was hit by one other 51% assault on August 29, inflicting the reorganization of greater than 7,000 blocks simply weeks after proposing safety upgrades.
In a tweet, Ethereum Basic confirmed the assault and promised it’s engaged on potential options to the issue.
“Whereas ETC continues to be making progress in evaluating proposed options, we’re conscious of the present threat to the community at these low hash fee ranges. To miners, exchanges, and different service suppliers we advise maintaining affirmation necessities ranges properly above 7K for now.”
The assault comes a number of weeks after builders proposed modifications to the community over the following three to 6 months in hopes of fending off additional incursions. Fast actions embrace a defensive mining cooperation with mining swimming pools to keep up constant and even elevated hashrates, superior community monitoring, whitelisting addresses and a finality arbitration system to inhibit chain reorganization.
ETC stated in one other tweet it’s at present at “~3% of the general community hashrate” and is conscious that repeated assaults might happen whereas testing out these modifications.
This month alone noticed Ethereum Basic undergo not less than two 51% assaults earlier than this newest one. Some exchanges like OKEx, alarmed on the fixed assaults, even warned ETC it’s going to delist it if safety isn’t beefed up.