• Contact Us
  • Privacy Policy
Wednesday, January 27, 2021
CRYPTO NEWS TIPS
No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
CRYPTO NEWS TIPS
No Result
View All Result
Home Regulation

Ethereum Classic (ETC) Suffers Block Reorganization Because of a Single Miner

Crypto News Tips by Crypto News Tips
August 3, 2020
in Regulation
0
Ethereum Classic (ETC) Suffers Block Reorganization Because of a Single Miner

it suffered in January 2019. The recent reorganization was caused by a single miner.

The blockchain reorganization was confirmed by the Twitter account of ETC and of the founder of Ethereum Classic Labs James Wo. It occurred at block 10,904,146 and was not labeled as an attack, as the miner behind the reorganization was seemingly identified and may have lost its internet connection while mining.

A report from Ethereum Classic’s developers reads:

There was about 3000 block-insertion by a miner who was mining (either offline or there total difficulty could have exceeded current network difficulty while they were honestly mining) for about 12 hours on Core-Geth.

The 3,000 block insertion occurred at the same time the 2Miners mining pool was going offline for maintenance purposes unrelated to the issue. As 2Miner wasn’t producing blocks and 3,000 blocks were inserted into the Ethereum Classic network at that time there was a chain split  “which made the network unstable.”




Ethereum Classic’s developers believe the “offending miner has lost access to internet access for a while when mining, which led to a 12 hour mining period and about 3000 blocks inserted.” The reorganization, they add, “doesn’t appear actively malicious,” although it “might be a deliberate attack as well.”

The cryptocurrency’s developers are advising miners to “continue mining the chain as-is” as the reorganized chain is the longest one, and is following the cryptos proof-of-work (PoW) protocol as intended. Last year, it’s worth noting, Coinbase detected a deep chain reorganization of the ETC blockchain, which included a double-spend attack.

At the time, 88,500 ETC tokens, worth about $460,000, were double-spent. Since then, most crypto exchanges set a relatively high number of transaction confirmations to accept deposits and withdrawals in Ethereum Classic, in a bid to prevent further attacks.

Featured image via Pixabay.

Credit: Source link

Share234Tweet147
Crypto News Tips

Crypto News Tips

Related Posts

Peter Schiff Denies Companies Selling Gold for Bitcoin
Regulation

$220 Million in Satoshi-Era Bitcoin Moved in Last 10 Months: Report

January 27, 2021
Fidelity Digital To Offer Bitcoin-Backed Cash Loans to Institutional Customers
Regulation

Rothschild Investment Corporation Raises Bitcoin Exposure to $1 Million via GBTC

January 26, 2021
Top-Tier Cryptocurrency Exchanges Dominated Trading Volumes in August: Report
Regulation

MVIS CryptoCompare Indices Surpass $1 Billion in AUM as Crypto Demand Keeps Growing

January 26, 2021
ARK Investment Management CEO on Bitcoin: ‘We Are Extremely Bullish’
Regulation

ARK Invest CEO Cathie Wood: ‘No Better Hedge Against Inflation Than Bitcoin’

January 26, 2021
Top Crypto Trader Gives Top Altcoin Picks for Ongoing DeFi Mania
Regulation

Top Crypto Trader Gives Top Altcoin Picks for Ongoing DeFi Mania

January 25, 2021
Bitcoin Community Rallies to Defend Satoshi Nakamoto’s Whitepaper
Regulation

Marathon Stock Jumps After Acquiring $150 Million Worth of Bitcoin

January 25, 2021
Load More
Next Post
Weekly Crypto Roundup, August 3rd, 2020

Weekly Crypto Roundup, August 3rd, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Microsoft goes after TikTok’s US business despite Trump

Zoom stock leaps 41% after earnings while Tesla wobbles

September 2, 2020
This Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000

Here’s Why One Analyst Expects Bitcoin to Surge Towards $12,000

October 15, 2020

Don't miss it

Peter Schiff Denies Companies Selling Gold for Bitcoin
Regulation

$220 Million in Satoshi-Era Bitcoin Moved in Last 10 Months: Report

January 27, 2021
DeFi Staple Aave Hits Key Record Highs as Niche Breaches $26 Billion
Analysis

DeFi Staple Aave Hits Key Record Highs as Niche Breaches $26 Billion

January 27, 2021
Ethereum Hits New All-Time High at $1,430
Analysis

Tether Issuance Hits $25 Billion as USDT on Exchanges, DeFi Reaches New High

January 26, 2021
Bitcoin’s Short-Term Outlook is Dangerous for Bulls; Here’s Why
Bitcoin

All Eyes are on $26,000 as Bitcoin’s Momentum Shows Signs of Faltering

January 26, 2021
Fidelity Digital To Offer Bitcoin-Backed Cash Loans to Institutional Customers
Regulation

Rothschild Investment Corporation Raises Bitcoin Exposure to $1 Million via GBTC

January 26, 2021
Bitcoin On-Chain Data Indicates Extreme Profit Taking Underway
Bitcoin

Bitcoin On-Chain Data Indicates Extreme Profit Taking Underway

January 26, 2021
  • Contact Us
  • Privacy Policy
Call us: +1 234 JEG THEME

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.