“On Oct 13, three:00 CDT I shall be doing a 51% assault in opposition to the cryptocurrency Einsteinium,” started the call-to-arms. As guarantees go, this one was as daring because it was brazen. The nameless attacker has promised to assume majority hashrate management of an altcoin to display how simple the method is. As proof, they’ve not solely given truthful warning of the assault, however have promised to livestream the occasion.
Additionally learn: You Can Now 51% Attack a Coin for as Little as $500
51% Attacking Altcoins Is Now a Spectator Sport
51% assaults, through which a malevolent attacker features majority management of a cryptocurrency’s hashrate, after which probably makes use of this benefit to fraudulently double spend transactions, have been a recurring motif in 2018. In the course of the course of three months, a string of altcoins have been 51% attacked together with bitcoin gold and verge, the latter succumbing twice. Now, one other scrypt-based coin,…