RATE Group | Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks
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Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks

05 Dec Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks

Posted at 00:26h in Bitcoin News by

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Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks

Technology & Security

Vertcoin (VTC) is currently struggling with a series of 51 percent attacks and a number of blockchain reorganizations. According to recently published data, the vertcoin chain has experienced over 22 reorgs and has lost more than $100,000 due to the attacks, with the last reorg clocking in at over 300 blocks deep.

Also read: US Law Enforcement Wants Surveillance Tools for Privacy Coins

Vertcoin Blockchain Suffers 22 Deep Reorgs

Vertcoin Network Suffers 300-Block Reorg Following 51% AttacksVTC was launched in January 2014 with a traditional proof-of-work system, but it has since moved to an “ASIC-resistant” algorithm known as “Lyra2RE.” Back in 2015, the developers explained that they believed mining should be processed by consumer-grade hardware to keep things decentralized. But now the…

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