THELOGICALINDIAN - Small blockchainscoins are actuality targeted by a atypical 51 advance that is captivation these apprentice cryptos infrastructures hostage
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Extorting Blockchains via 51% Attack
The attackers, calling themselves the “51 crew” are cutting baby blockchains with added hashing ability and by DDoSing added nodes.
It seems as admitting the attackers are accurately targeting Ethereum-based blockchains as the cryptocurrencies, Krypton (KR) and Shift, both Ethereum blazon coins, were threatened with a drudge if they didn’t pay a bribe to the attackers.
Before these cryptos were hacked, the accumulation of attackers had warned Krypton’s founder, Stephanie Kent, by sending her the afterward message:
Both the the Shift and Krypton networks banned to pay the bribe and after had their blockchains hijacked by the attackers. The accumulation has already been able to accretion money through the drudge by double-spending the KR in their possession. They did this by affairs the KR for Bitcoin on Bittrex, again antipodal the transaction by rolling aback the Krypton Blockchain.
The teams of both blockchains are currently attractive for a way to stop the hackers. Krypton is because switching to a proof-of-stake archetypal as an emergency band-aid until they are able to acquisition a added abiding answer.
Additionally, some bodies accept these attacks accept been “dry runs” or convenance tests for article bigger, such as an advance on Ethereum Classic. However, these rumours accept not been absolute and such an advance would be abundant added difficult to assassinate anyways due to ETC’s acutely college hashing power.
What do you anticipate of these 51% attacks actuality acclimated as bribe adjoin abate blockchains?
Images address of business2community.com, Krypton
