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Title: ETC 51% Attack Post by: Deenacbe on January 10, 2019, 11:38:23 AM 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 Title: Re: ETC 51% Attack Post by: shadowduck on January 10, 2019, 02:38:14 PM 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.
Title: Re: ETC 51% Attack Post by: Little Mouse on January 10, 2019, 02:43:55 PM 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. |