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Author Topic: ETC 51% Attack  (Read 71 times)
Deenacbe (OP)
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January 10, 2019, 11:38:23 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
shadowduck
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January 10, 2019, 02:38:14 PM
 #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.

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Little Mouse
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January 10, 2019, 02:43:55 PM
 #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.

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