Well. Will these actions help to solve the problem so that it does not arise in the future. To break the chain it became impossible and the blocks met the conditions.
Highly unlikely ...
Anyone that has enough hashpower and the knowledge to manipulate the blockchain in this way, CAN do this to almost any coin. Though I still believe that it could be miners that unwittingly set their farms to auto destruction mode and let loose.
No one can blame the devs AND expect them to be responsible for it when the hashpower is completely out of their hands. The devs only method of defense is to write code that will 'try' and combat this issue.
#crysx
This is totally wrong. This exploit has been used with myriad and digibyte already and can be patched successfully
Even after patching mate ...
With the right amount of hashrate and knowhow, you can force the blockchain to do it all over again.
#crysx
@crysx I thought this was just a timewarp attack, are you alluding that its an actual 51% attack or both for it to get this result ?
Yes ...
Both as a single attack - if it actually was a dedicated attack.
Some attack vectors can be patched out like OCMiner was saying, 51% can't.
Without going into too much specific detail, as an attack handbook would, the prcedure is relatively simple if you have the hashpower behind you.
- smash the network with MASSIVE hash skyrocketing the diff
- mine to a local wallet or local pool withholding submission of shares tot he network for a period of time with VERY LOW hashrate
- smash the network once again after your small time window to mine is done with MASSIVE hashrate again before the network has time to recover and submit ALL mined shares
Your chain will be the longest chain and is the one accepted into the network as the main chain, forcing all other chains to follow suit, which 'reorganizes' the blockchains that everyone else has to the new 'main' chain, orphaning all previously mined blocks.
Who has the developer knowledge and hashpower to do all this?
Let's blame RUSSIA again, considering they are buying most of the ASIC's available today
(I was kidding with the above sentence ... Well - the blame part anyway)
#crysx
Thanks for making this clear. Good luck team verge in rectifying the exploit.
