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Bitcoin Cash Miners Undo Attacker’s Transactions With ‘51% Attack’

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But not everyone in the bitcoin cash community agrees. But some bitcoin cash users argue this was the right thing to do. Mining software image via Shutterstock This article has been updated for clarity. The unknown miner attacker decided to try to take the coins. At one point BTC. Still, others think that this is a bad sign for bitcoin cash, arguing that the event demonstrates that the cryptocurrency is too centralized. The interesting part of this particular attack on bitcoin cash, though, is that it was arguably executed in an attempt to do something ostensibly good for the community, not to reward the attackers or to take the funds for themselves. Yet the thread of a 51 percent attack is a concern shared across proof-of-work crypto networks and as mentioned above, some blockchains have been left exposed due to falling hash rates. As one bitcoin cash developer, going by the moniker Kiarahpromises, put it in an article from May According to stats site Coin.

The interesting part of this particular attack on bitcoin cash, though, is that it was arguably executed in an attempt to do something ostensibly good for the community, not to reward the attackers or to take the funds for themselves. The unknown miner attacker decided to try to take the coins. Yet the thread of a 51 percent attack is a concern shared across proof-of-work crypto networks and as mentioned above, some blockchains have been left exposed due to falling hash rates. At one point BTC. Mining software image via Shutterstock This article has been updated for clarity. Subscribe Here! That day, an attacker took advantage of a bug unrelated to the upgrade and subsequently patched that caused the network to split and for miners to mine empty blocks for a brief time. According to stats site Coin.