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In this video, Mattie talks about the top news from last week. He also gives you the latest on the Ethereum Classic 51% attack which was announced by Coinbase recently. This is a daily segment.
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NEWSFLASH: This was the NEWS
ETC on CoinGecko
Ethereum Classic Sees $500,000 in Double Spending After 51% Attack
On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused movements of these funds on the ETC blockchain. Read more here: https://t.co/vCx89dz44m
— Coinbase (@coinbase) January 7, 2019
Deep Chain Reorganization Detected on Ethereum Classic (ETC)
Blockchain: how a 51% attack works (double spend attack)
Investopedia: 51% Attack
ETC on Twitter
To be clear we are making no attempt to hide or downplay recent events.
Facts are facts and as the situation develops we'll soon get a full picture of what actually took place.
Linzhi is testing ASICS. Coinbase reported double spends; both may be true.
In time we will see. https://t.co/bbq6eqIoiS
— Ethereum Classic (@eth_classic) January 7, 2019
Charlie Lee on Twitter
This is a thought-provoking observation. 🤔
By definition, a decentralized cryptocurrency must be susceptible to 51% attacks whether by hashrate, stake, and/or other permissionlessly-acquirable resources.
If a crypto can't be 51% attacked, it is permissioned and centralized. https://t.co/LRCVj5F0O1
— Charlie Lee [LTC⚡] (@SatoshiLite) January 8, 2019
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#coinbase #ethereumclassic #altcoinbuzz #etchack #topnews
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