Ethereum Classic under 51% attack

Great solution is of course being promoted by lots of Komodo community members:

And Charlie Lee now feels the heat too…. I love his logic (if you can’t break it, it’s probably not working) but it looks more like a ‘cover my ass’ statement now.

For now ETC moves to a niche algo for mining (and be dominant there) as a means for extra security.

Analysis of the attack by security firm SlowMist:

As the hacker later returned $100k to the exchange Gate.io, the hack should be considered an attack on the security model of Proof of Work (PoW).

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