Transition to blockchain ETC will save from 51% attack

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Ultramining.com

17:08 26/08/2022

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Transition to blockchain ETC will save from 51% attack

There is an opinion in the cryptosphere that turning to mining in ETC blockchain will cut the risks of 51% attack. Remind that two years ago such attacks happened three times and hackers took assets for $8.9 millions. At that time, controlling 51% hashrate, cybercriminals implemented changes in transaction information for $21.5 millions.

According to the Isaak Ardis’s calculations in the case of attack burglars will be able to earn about $25.44 millions but the cost of such an attack will be $26.28 millions. Thus, there is no economical reason for this activity.

The ETC founder is sure that transition miners from blockchain Ethereum will shorten the possibility of the attack to the minimal indicators. The reason for it will be the increasing calculation power and rising hardware numbers and absence of possibility to raise the income level.


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