The success of Ethereum Classic hadn’t gone by unnoticed, and one user on Twitter is already threatening to 51% attack the network hashrate. Although it is impossible to tell whether or not this person is serious, there is a good reason why people can’t have nice things in this world. But there is good news too, as a party client for ETC will be developed by the look of things.
ETC 51% Attack Threat and Parity Client
Starting off with the bad news, Twitter user Chandler Guo claims he will perform a 51% attack on the Ethereum classic blockchain. As most people are well aware, such an attack could lead to that blockchain forking, rendering a lot of coins useless. Right now, it is anybody’s guess what the motive behind such an attack could be, or if this threat should even be taken seriously.
I am Chandler Guo, a 51% attack on Ethereum Classic (ETC) is coming with my 98G hashrate https://t.co/9VM6vPa8CS
— Chandler Guo (@ChandlerGuo) July 24, 2016
It would not be a complete surprise if this were to be a serious threat, though. Ethereum Classic has been getting a lot of attention today, and many Ethereum die-hards are not too amused by this alternative currency. Then again, there is support for this censorship-resistant fork of Ethereum, making it a most valid project.
But there is some good news as well, as there will be a Parity client for Ethereum Classic. Interestingly enough, this client is being developed by Gavin Wood, one of the main Ethereum developers and contributors. A noble gesture for sure, and perhaps an indication Gavin wants nothing to do with the whole The DAO shenanigans that have taken place.
Upcoming #parity #ethereum classic client… pic.twitter.com/Bw29T5JGXb
— Gav Would (@gavofyork) July 24, 2016
What this means is there will be an official lightweight client for Ethereum Classic shortly. There will still be a strong focus on security, but also portability. It would also present with a proper solution for most people to move funds out of the Poloniex and Bitsquare exchange wallets.
Image credit 1
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
