Digital Currencies
51 percent attack on cryptocurrency
The privacy coin Verge has just been hit by a 51% attack for the second time in a month, with $1.75M and $1.1M stolen on consecutive occasions. Look closely and it is not a 51% attack in the traditional sense. It is a time-warp exploit, made possible by the same recurring failure: coding shortcuts that traded resilience for speed.
May 2018 · 4 min read