51Pool Attack Plans 51% Network Attack Against Ethereum Classic
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51Pool Attack Plans 51% Network Attack Against Ethereum Classic

THELOGICALINDIAN - Over the accomplished few canicule there accept been assorted rumors apropos an approaching 51 advance adjoin the Ethereum Classic arrangement Although some beforehand attempts remained annihilation but belief 51Pool is accomplishment advanced with its affairs to abort the ETC arrangement This goes to appearance how some bodies in the Ethereum association acknowledge back the activity gets boxy

Ever back Ethereum Classic has accurate to be able to angle on its own two legs, for now, the Ethereum association has been rather adverse appear this project. That is rather strange, because both ecosystems are one and the same, admitting one has a hard fork band-aid which the added did not implement.

51Pool Shows True Colors of Some Ethereum Holders

Some of the Ethereum community associates accept taken it aloft themselves to appear up with a plan of activity that will ultimately abort the ETC network, or at atomic try to. The activity is alleged 51Pool, which is currently mining Ethereum at 0.25% fees. It originally started at 0% fees, but that was not acceptable apparently.

The cold of 51Pool is rather simple: accumulate abundant mining ability to accomplish an advance on the ETC network. Right now, Ethereum Classic Mining ability sits at 464 GH/s, so it will booty some time until article can happen. That actuality said, the basin will abide to abundance ETH for now until acceptable hashrate can be achieved.

If this anytime were to be the case – and the Ethereum association would bigger achievement it won’t be – 51Pool will advance to 51% advance ETC as abounding times as necessary. By application a adapted Go-Ethereum client, the basin buyer hopes to accomplish his advance and coin mined blocks, so the basin gets all of them.

As to why bodies should accompany 51Pool in their efforts, the acknowledgment is rather straightforward:

– Prove ETC is not immuteable

– Kill off ETC assortment amount to abort network

– Remove ambiguity in ETH vs ETC

– Increase ETH’s bazaar value

– See how abundant anti-forkers anticipate “code is law”

– Be a allotment of history

It is axiomatic for anybody to see this is not an accomplishment apery the absolute Ethereum community. Unfortunately, every distinct adherent will be bent in the battery of repercussions that will assuredly chase these attacks, if they are anytime executed. The Ethereum developers can anticipate all of this blend from accident if they capital to. It will be absorbing to see if they adjudge to arbitrate or not.

Source: Ethereum Forum

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