RATE Group | Vertcoin Network Sabotaged by Another 51% Attack
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Vertcoin Network Sabotaged by Another 51% Attack

02 Dec Vertcoin Network Sabotaged by Another 51% Attack

Posted at 17:07h in Bitcoin News by

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Vertcoin Network Sabotaged by Another 51% Attack

The Vertcoin (VTC) blockchain was 51% attacked on Sunday, December 1, which saw 603 VTC blocks replaced by 553 blocks from the attacker. This is the second time the ASIC resistant Vertcoin chain was ambushed, as the network suffered a 300-block reorg a year ago.

Also read: Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success

Vertcoin 51% Attacked Again

Vertcoin, a fork of the Bitcoin protocol, is an alternative cryptocurrency that’s been around since January 2014. The community and developers behind the project believe VTC is different because it claims to be ASIC resistant. However, throughout October and December 2018, the Vertcoin network dealt with a series of 51% attacks and a number of blockchain reorganizations (reorg).

Vertcoin Network Sabotaged by Another 51% Attack
Vertcoin dealt with 51% attacks and reorgs in October and December.

A 51% attack is when a single entity (miner) takes more than 50% of the network’s hashpower, allowing them to reorg blocks and double…

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