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Detail Analysis

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Date:

Status:

Count:

January 6, 2012

Unverified

1

Contributor:

zerofriction.io

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KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Coiledcoin

Network

Chain

51% Attack

Extended Method:

51% attack

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The attacker has a lot of computing power to launch a 51% attack. The interesting thing about the Coiledcoin attack is that it is not economically driven, but purely political. Although this move has caused some protests in the community, it shows how vulnerable the SHA-256 cryptocurrency with low hashing power is to attack.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.