THELOGICALINDIAN - Members of the Ethereum Classic aggregation appear that the arrangement suffered a about-face reorg today
The blockchain arrangement is allurement account providers to arrest deposits while it carries out aliment of the chain.
The latest accident follows a agnate advance in January 2024, which led to some exchanges demography pre-emptive action.
Both Ethereum Classic (ETC) and one of the founders accept back put out a account acknowledging this accident which they appellation a alternation split. ETC suffered a about-face (reorg) of about 3,693 ETC blocks which occurred at block 10,904,146.
According to a report by Ethereum Classic aggregation members, “there was about 3000 block-insertion by a miner who was mining (either offline or there absolute adversity could accept exceeded accepted arrangement adversity while they were candidly mining) for about 12 hours on Core-Geth.”
In a abbreviate cast of the alternation split, Ethereum Classic developers say it has articular the behind miner. The arrangement maintainers added they agnosticism any above double-spend attacks occurred. Even admitting the miner was identified, it is ambiguous whether or not it was a awful 51% advance that acquired the reorg. Developer James Wo claims it was “not a 51% attack” and fatigued “a miner went offline and was application old applicant software.”
In the diagnosis, Ethereum Classic developers said:
The behind miner acclimated the abode 0x75d1e5477f1fdaad6e0e3d433ab69b08c482f14e. Ethereum Classic aggregation associates additionally provided a timeline of the events.
Commenting on the accessible appulse of the alternation split, Ethereum Classic associates say “any affairs during that time are possibly not mined in the adjustment they were advised to accept been mined in.”
The ETC devs add, “the about 3,000 blocks had a beggarly of 0 affairs mined, and any affairs that aren’t mined will be re-submitted to the mempool during a re-org.”
Ethereum Classic aggregation associates are advising miners to “continue mining the alternation as-is (chain is currently afterward the heaviest assignment which includes the about 3,000 blocks inserted). This is the recommended advantage as the alternation is afterward proof-of-work (PoW) with the longest alternation as intended.”
In 2019, Coinbase detected a abysmal alternation about-face of the Ethereum Classic blockchain, which included a bifold spend. The barter anon accomplished interactions with the blockchain.
This time around, the Ethereum Classic aggregation associates accept taken the pre-emptive footfall of advising exchanges to arrest deposits and withdrawals until investigations are complete.
A 51% attack is a abeyant advance on a blockchain network, area a distinct article or alignment is able to ascendancy the majority of the assortment rate, potentially causing arrangement disruption.
In such a scenario, the antagonist would accept abundant mining ability to carefully exclude or adapt the acclimation of transactions.
What do you anticipate of the latest advance on Ethereum Classic? Share your thoughts in the comments section.
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