Detail Analysis
Date:
Status:
Count:
January 6, 2012
Unverified
1
Contributor:
zerofriction.io
KYC By:
KYC:
None
Audit By:
Audits:
None
Loss Amount:
-
Recovered Amount:
-
Currency:
Dollars
Key Indicators
Platform:
Type:
Category:
Method:
Data Sources:
Coiledcoin
Network
Chain
51% Attack
Extended Method:
51% attack
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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