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Litecoin Cash under 51% attack, inhibition of small PoW coins

Simran Alphonso

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Litecoin Cash under 51% attack, inhibition of small PoW coins
Source: Pixabay

Litecoin Cash was recently found under 51% attack! Cryptographic forms of money have as of late been hit with an attack that used to be more hypothetical than genuine, all in the most recent month. For each situation, attackers have possessed the capacity to accumulate enough processing energy to trade off these little systems, revamp their exchanges and slip off with a huge number of amount in an exertion.

In the cryptoverse, the first 51% attack recorded was on Monacoin followed by Bitcoin Gold, ZenCash, Verge and now, Litecoin cash.

On account of Litecoin Cash [LCC], the engineers affirmed the 51% attack. The number of required system affirmations expanded to no less than 100 after engineers reached trades. Every other coin experiencing a 51% attack has taken comparative measures.

Sunil Khannal, a Twitter user tweeted:



Litecoin Cash ($LCC) is completely dead after 51% attack. On its way to $0.00 Congratulations!!! team $LCC #LitecoinCash #LCC @LitecoinFork @ScarletLCC After it reach $0.00, they will do unlimited space drop all over the world.”

Gratefully, it appears that Litecoin Cash won’t confront long haul hurt. The group is taking a shot at ensuring against major hashrate spikes. Such an undertaking is regularly less demanding, better done than said. A hard fork of the code seems fast approaching because of system assurance highlights. Designers have not affirmed a hard fork yet, but rather it is a distinct plausibility. The new codebase is prepared to go and will incorporate some key highlights as initially arranged.

This is a major problem in the existing digital forms of currency. The engineers of Litecoin Cash learned an important chapter in the most difficult way possible. All things being equal, dodging a 51% attack should always be the priority of any of the coin developers. For some obscure reason, inadequate countermeasures were set up! 





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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