One $ETC Private Pool Claimed over 51% Network Hashrate


#1

Kind of hard to figure out what is going on with ETC right now, last night there were “rumours” of a chain reorganization or double spend attack. Though the @eth_classic on twitter advised everything was working normally, quoted Blockscout as evidence?

Not too sure how I feel about using Blockscout as evidence, it definitely is a great block explorer and works perfectly for everything Saturn Network needs, in terms of breaking down & detailing token transactions correctly. Yet I feel it sometimes does not always show the most up to date network information.

And if we check it now, bearing in mind eth_classic’s tweet was 8 hours ago:

https://blockscout.com/etc/mainnet/reorgs

I think it is painting a different picture :thinking: and they now seem to be advising exchanges and mining pools to allow a higher confirmation time.

Not really sure how this could cause a problem.

Maybe @Neuron can clarify for us, or anyone feel free to correct me! Seems like ETC is not trending in the crypto news for the greatest reasons lately.

Thoughts?


#2

This was first spotted by coinbase’s systems! Say what you want about their business practices, but their tech & security is top notch.

Still better to use a DEX to avoid worrying about such problems :slight_smile: