Tag: Replay Attack

What is a Bitcoin Replay Attack?

As the chance a bitcoin hard fork only increases as time progresses, there are some concerns to take into account. A replay attack is certainly possible when a hard fork occurs, although there is some confusion as to what such an event entails exactly. Protecting against such an attack is of the utmost importance, as it could have catastrophic consequences. What Does A Replay Attack Mean For Bitcoin? It has to …
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Coinbase CEO Brian Armstrong States The Company Can Cover All User Deposits

There has been some concern regarding the solvency of the Coinbase exchange ever since a  bug was discovered to receive “free” ETC when buying Ethereum. Many people felt the company was not taking precautionary steps to protect themselves from the replay attack vector. But in a recent company statement, CEO Brian Armstrong confirmed the company has more than enough funds to cover user deposits in every currency.   Coinbase Claims …
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Ethereum Developers Cost Yunbi Exchange 40,000 ETC Due To Replay Attack

The release of Ethereum Classic is throwing a monkey wrench into the plans of many cryptocurrency exchanges. Yunbi, one of China’s largest trading platforms for Ethereum, was forced to postpone the addition of ETC by at last 24 hours. They do not want to make the same mistakes as Coinbase and GDAX by letting replay attacks wreak havoc on the Ethereum Classic price. Yunbi Takes Precautions To Avoid Replay Attacks …
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Poloniex Nullifies Replay Attacks By Properly Separating ETC and ETH

With the addition of Ethereum Classic on Poloniex come a lot of questions that need to be answered. After all, this is the original Ethereum without the hard fork code, while the “regular” ETH currency is still in existence as well. Poloniex but together a small list of the most common questions, and it is good to see some exchanges take responsibility for their actions, whereas others tend to ignore …
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