Chart for ETC/BTC (1D)
Ethereum Classic (ETC)’s 51% attack seems to have shocked a lot of people but for the wrong reasons. It is disconcerting for a blockchain of such repute to experience a 51% attack but we mustn’t pretend that such attacks have not happened in the past. Vertcoin and Bitcoin Gold are two other coins that have experienced such attacks in the past. They are doing well, moving along with the rest of the market and there future prospects seem unhindered by the attack. This is because things are happening at such a rapid pace in this space that people only have a 48 hours memory. After that, it is a fresh start. One day they are calling Ripple (XRP) a bank coin or a centralized coin, the next day it is the sweetheart of the crypto community.
The post Why Ethereum Classic (ETC)’s 51% Attack Is Not A Deal Breaker appeared first on BlockBoard.