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.
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.
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.
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.
In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…
The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…
The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…
The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…
As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…
Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…