Altcoins News
By Maheen Hernandez
1 / 11
Slowmist, a China-based security firm reported the attack that happened on Ethereum Classic last Sunday.
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Slowmist further requested the cryptocurrency exchanges to help identify the Attacker of Ethereum Classic.
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The developers of Ethereum Classic are working with Slowmist to detect the point of origin of these attacks. They are moving forward on actionable items.
4 / 11
Volatility is here to stay. It might seem as if it is not there due to improved consumer confidence and improved earnings.
5 / 11
Ethereum Classic fell prey to a 51% attack. It was expected that the short-term price movements might be affected.
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On January 05, 2019, Coinbase detected a chain re-organization of the Ethereum classic blockchain at a deeper level. Double spends were as well noted.
7 / 11
The price of ETC dropped by 5% following the attack. The 51% attack refers to a situation where the hacker has got more than 50% control over the network.
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Security continues to be a major concern. And the industry seems to be as unstable as before.
9 / 11
Following the 51% attack, there is panic in the market. There is a confidence decline in the industry on Ethereum Classic.
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Regardless of the attack, the empowering technology of Ethereum Classic continues to be solid. The technology continues to be promising.
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Ethereum Classic Enthusiasts are optimistic about the fact that ETC will touch upon an all-time high and with further development, it will gain improved adoption.
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