IOHK’s proposal for the ETC community could use Cardano or Bitcoin for prevention of 51% attacks

Will Ethereum Classic’s community accept this new solution from Charles Hoskinson’s IOHK? Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community. This is meant as a short-term solution for preventing future 51% attacks. In the past several weeks, the network has suffered a number of such attacks, which has cast doubt […]

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Ethereum Classic suffers another 51% attack

It’s the third attack this month. The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades. In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem. “While ETC […]

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Charles Hoskinson’s IOHK submitted a decentralized treasury proposal to the Ethereum Classic Community

Would a 20% block reward reduction matter in the long run? Charles Hoskinson’s IOHK recently published two Ethereum Classic Improvement Proposals, or ECIPs, meant to help the struggling chain recover after a slew of recent 51% attacks. The first introduced a checkpoint system to prevent the possibility of such attacks, and the second proposed a decentralized treasury — a seemingly […]

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