Author

Topic: ETC 51% Attack (Read 79 times)

legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
January 10, 2019, 10:43:55 AM
#3
That's mean a single entity is having 51% hashing power. Through this way, people can double spend a single coin. That means when you have 51% hashing power, you can reverse a transaction. That's it.

now every coin that are working on the proof of  work algorithm can be attacked by 51%. Of course, except for Bitcoin. because doing this attack on bitcoin is useless.
Have you read the OP? Attacking in bitcoin is useless because it is the most active chain.
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
January 10, 2019, 10:38:14 AM
#2
now every coin that are working on the proof of  work algorithm can be attacked by 51%. Of course, except for Bitcoin. because doing this attack on bitcoin is useless.
newbie
Activity: 2
Merit: 0
January 10, 2019, 07:38:23 AM
#1
Hi All,
I have heard of the 51% percent attack in ETC network,trying to understand what this could be on the technical side.But could understand only a few glitches on the ETC network.
Could someone eloborate on the issue.
Appreciate your response
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