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Developers Create Plan To Protect Ethereum Classic From More Attacks

Developers create a new plan to protect the EThereum Classic network from further attacks as the network was already hit twice with a 51% attack over the past two weeks. In our Ethereum Classic news today, we will find out more about this plan. The developers create a new plan as they proposed taking immediate action in implementing the long-term changes to the architecture of the network over the next three to six months. The accelerator decided to focus the efforts on improving the security of the network after the recent attacks on the blockchain. The immediate measures proposed by…

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Coinbase Delays All ETC Transactions After Two 51% Attacks

Coinbase delays all Ethereum classic transactions after the two 51% attacks which ended up in hackers stealing millions of coins as we reported in the previous Ethereum Classic news. The San Francisco-based exchange said that the confirmation time for ETC sent to Coinbase Pro and Coinbase is now set at 2 weeks after the recent network attack adding that they are monitoring the situation further. The decision came after the hacker stole more than $5 million worth of Ethereum Classic in two attacks by gaining control over the majority of the network performing a reorganization of the blockchain. Given the…

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