The developers of the Firo (formerly Zcoin) cryptocurrency reported that its blockchain was under 51% attack. The details of the attack are being clarified.
Firo teams appeared on Twitter messages
about attack:
“We are under 51% attack. We recommend that you abandon transactions before the network returns to normal operation. We will inform you about this. We are working with exchanges and mining pools to solve the problem. ”
At the same time, the developers emphasized that there are no errors in the project code, and 51% attacks are possible due to the very nature of the Proof-of-Work algorithm. The Firo team works
over the Chainlock technology, which will protect against such attacks:
“Chainlock could have prevented this attack, and we put the technology into the testnet. Just a few weeks weren’t enough to add technology support to the mainnet. ”
The popularity of Firo among miners has significantly decreased after the rebranding – now the hashrate of the cryptocurrency network, according to the minerstat portal, is 13.4 Gh / s, while in May last year it reached 68.8 Gh / s.
Earlier, Firo developers launched the Lelantus protocol on the mainnet to ensure the privacy of transactions.
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