Beware of the 51% Attack, Crypto Dips Across the Board & Testnet/Mainnet Dates
ZenCash is the latest victim in a recent string of 51% attacks, with attackers double spending over $550,000. After the 51% attacks with ZenCash, Verge and Bitcoin Gold, it's worth looking at how this security issue might negatively effect your crypto investments (if at all). Let's also dive into some recent price action, upcoming testnet and mainnet dates and more.
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ZENCASH TARGET OF 51% ATTACK; LOSES MORE THAN $500K IN DOUBLE SPEND TRANSACTIONS - http://bitcoinist.com/zencash-target-51-attack-loses-500k-double-spend-transactions/
The Cost of 51% Attacks - https://www.crypto51.app/
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Do you think it's the same entity doing these attacks? Who has the hash power to pull this off?
great to see ya bobby! get them juicy upvotes! :)
Bitcoin Cash is next, any POW coin is possible, just depends on the hashpower behind it and how much the attackers are willing to spend...
let's fight the forces of evil, in cryptocurrency we trust
This cryptocrap is full of bugs and flaws. I would expect alot more attacks in the future.
tks for sharing. You are right. 51% attack is getting more and more
nice bro, thanks for the good information!
Yes, these kinds of coin should think of practical solutions, it`s a serious problem and it is a stigma for crypto market.
Like your writing!
$550, 000?? That's a huge money! Thanks a zillion @cryptobobby