Ethereum Classic (ETC) Developers Deny 51% Attack, Double Spend
Cryptocurrency, Ethereum Classic (ETC)–In a bizarre twist for the story developing around Ethereum Classic, developers for the ETC token are now making the claim that the blockchain has not experienced a 51 percent attack, in addition to denying the presence of a double spend.
As reported earlier in the day by EWN, the Coinbase team released a revealing post on the state of Ethereum Classic, making the claim that the coin had undergone a “deep chain reorganization.”
The twitter post expanded on the issue, saying
“On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend.”
Coinbase
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@coinbase
On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused movements of these funds on the ETC blockchain. Read more here:
https://blog.coinbase.com/ethereum-classic-etc-is-currently-being-51-attacked-33be13ce32de …
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8:53 PM - Jan 7, 2019
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Ethereum Classic (ETC) is currently being 51% attacked
On 1/5/2019, Coinbase detected a deep reorg of the Ethereum Classic blockchain that included a double spend. In order to protect customer…
blog.coinbase.com
https://ethereumworldnews.com/ethereum-classic-etc-developers-2019/