Altcoin Report: Ethereum Classic Crashes From DOS Attack
Gulden passes the $10 million USD mark, Ripple sees unusual trading activity, and Ethereum Classic crashes. Welcome to our first altcoin report! Check out the stories below to get the scoop. Altcoin Report. GULDEN. Gulden is a Dutch cryptocurrency headed straight for “top ten” territory. The coin surpassed the $10 million mark as of press time, and is on the verge of becoming one of the highest-ranking digital currencies in the world. Gulden entered the altcoin world last year with little “fanfare,” as one source describes, but an adoption campaign among merchants in the Netherlands seems....
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Ethereum Classic lost more than 10% of its value today with price standing just above $1 as the network comes under sustained dos attack. The attacks are similar to those experienced by Ethereum over last month. A programmer is exploiting gas mispricing for certain op codes to drain nodes of memory and other resources thus slowing them down. Who or why is a matter of speculation. For ETC, considering the dramatic price movement, it could well be financially motivated and might not even be the original attacker, but a copycat. Ethereum Classic’s Price Crashes as Network Comes Under Dos....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
Ethereum Classic undergoes a successful hard fork, Zcash prepares for its grand introduction, and Jaxx adds Litecoin. Want to catch up on your latest altcoin news? Read the stories below. ETHEREUM CLASSIC. Following a recent DDoS attack, Ethereum Classic has undergone a successful hard fork to set things “back to normal.” This is not the first time such a move has been executed, and unfortunately, the price of ether has suffered in the long run. Immediately following the hard fork, the cryptocurrency dropped by about three percent, although this may be a direct reaction to bitcoin’s recent....
While some miners are attacking Ethereum Classic, the spin-off blockchain based on the consensus and protocols of the original Ethereum blockchain continues to gain support. After miner Chandler Guo announced he and other miners plan to attack Ethereum Classic Tuesday, Bill Shihara, CEO of Bittrex, a cryptocurrency exchange, contacted CCN express his skepticism about the miners’ attacks. Guo said he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible. Guo said that they would isolate any block so that transactions cannot be confirmed, which was necessary because....
It is evident for everyone to see this is not an effort representing the entire Ethereum community. Unfortunately, every single supporter will be caught in the crossfire of repercussions that will undoubtedly follow these attacks, Over the past few days, there have been various rumors regarding an impending 51% attack against the Ethereum Classic network. Although some earlier attempts remained nothing but speculation, 51Pool is forging ahead with its plans to destroy the ETC network. This goes to show how some people in the Ethereum community respond when the going gets tough. Ever since....