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RE: Heard of XVG 51% Attack? Well Bitcoin Gold Just Had One Too
It's not a 51% attack. It's much worse.
It's literally a gaping flaw in code which allows a single attacker to post blocks by themselves.
A 51% attack requires 51% of hashing power - a huge amount and not feasible even though many crypto has this risk.
Yes, that's the way I understood it too.
I am curious about how it was accomplished, 18M$ worth of flaw, lol
The attack was done by taking advantage of a incorrect time stamping thus faking the time. When the blockchain sees the faked time is saying no new block was made(when it indeed was) it decrease the difficulty. With the decrease difficulty he could mine more coins easy and cheaper. Making him/her alot of $ without any expenses.
Brilliant! Fuck these guys tho....And why the shit hasn't XVG fixed this yet? Isn't this similar to what happened last time?
Why else do you think we call XVG a shit coin?
people were all stoked on it a few weeks ago after they made a FAP coin lol....this space moves so fast!
@sames Thank you for the good explanation!, you could be a teacher i think i understood :)
lot of
knowledgereading i need :)Upvoted you bc you are right :)