Home » Developers propose a solution against ‘stealth mining’ to Ethereum Classic community
Ethereum News

Developers propose a solution against ‘stealth mining’ to Ethereum Classic community

Developers propose a solution against 'stealth mining' to Ethereum Classic community

Earlier at the moment, Dexaran offered its answer to the Ethereum Basic (ETC) group geared toward stopping future 51% assaults. The presentation got here every week after Cardano’s IOHK launched its checkpointing proposal. Dexaran notably used IOHK’s Crowdcast channel for its competing answer.

This new proposal is based on the idea that many 51% assaults contain so-called “stealth mining”, the place an attacker, in isolation, would secretly mine an extended fork of the chain. This system was utilized in a current assault on the ETC, which value OKEx $5.6 million.

The proposal hinges on the premise {that a} well-intended miner is unlikely to advance a series that requires a deep reorganization of the community. Usually, “sincere” forks contain a single block or, typically, a handful of blocks. One among Dexaran’s presenters specified:

“What this proposes is that, say, there should not be any reorganization deeper than 100 blocks.”

One of many main purported benefits of this answer is that it requires little or no coding and will be carried out shortly. One other benefit is that it has been carried out by a number of different initiatives. As well as, the Dexaran workforce believes that their answer could possibly be a stepping stone to the IOHK’s checkpointing answer, which requires extra time as a consequence of its complexity. We requested the workforce why, if their answer is able to stopping 51% assaults on the community, there would nonetheless be a necessity for the IOHK’s answer? They mentioned:

“We do imagine is that as a result of it is a confirmed answer and it is a examined answer and it is actually easy to implement, we do imagine it can simply merely present the mandatory time to have the ability to implement extra advanced options just like the checkpointing system that was proposed.”

Subsequent week, RSK is anticipated to current an replace primarily based on Bitcoin’s merged mining.

Credit score: Source link

Spread the love

Related posts

80% of Ether Supply in Profit Leads of Fears of a Price Drop

admin

ETH miner revenue reaching a new all-time-high may be bad news for low volume yield farmers

admin

The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team

admin

Leave a Comment