privacy-coin-grin-is-victim-of-51%-attack

Privacy Coin GRIN Is Victim of 51% Attack

Privateness-centric blockchain network Grin (GRIN) is undergoing a 51% assault, an match by which a miner (or miners) acquires larger than 50% of the network’s mining hash vitality and takes attend watch over, in step with a undercover agent at the bottom of the Grin protocol’s net site.  

  • Per 2miners.com, which is guilty for 19.1% of the fresh hashpower on Grin, the unknown miner(s) grabbed attend watch over of 57.4% of the network’s hashpower.
  • While the assault is underway, the protocol is warning users to await additional confirmations on transactions for price finality.
  • Grin, which modified into once the first cryptocurrency to test privateness protocol MimbleWimble, drew an estimated $100 million in project capital to mine it, modified into once once known as “Bitcoin 2.0.”
  • GRIN coins had been down 2.23% to $0.235 at press time.
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