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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Zen Cash 51% Hack!!!

BY: @rosebudds | CREATED: June 5, 2018, 8:30 p.m. | VOTES: 1 | PAYOUT: $0.00 | [ VOTE ]

What happened?

Yea, another one bites the hack.. ZenCash (Zen) has suffered a 51% hack. That means that someone highjacked the blockchain by taking over over 50% of the mining power. That is definitely is a weakness in their programming, but it's not that big of a deal. Verge and others have gone through their share of hacks, but it's kind of normal. The blockchain is a new technology so now is a good time to get the kinks out. These hacks usually don't amount to more than 0.5% of the market value of the given coin or token, so it's a contained exposure to a vulnerability. Let's stay focused on the tech and let's be positive.
https://zencash.com/assets/img/zencash-stacked.jpg

TAGS: [ #zencash ] [ #verge ] [ #crypto ] [ #bitcoin ] [ #cryptocurrency ]

Replies

@eminenz | June 5, 2018, 8:32 p.m. | Votes: 0 | [ VOTE ]

Seems if blockchain isnt that safe yet as we were told.... If this goes on people and investors might loose faith in the technique.

@rosebudds | June 5, 2018, 8:40 p.m. | Votes: 0 | [ VOTE ]

Yea I am sure that some of the people that don't truly believe in the technology will stop investing in the tokens but there are a lot that you can take out of that. First off it means that those folks are not invested in the technology but are invested in the financials of the coins/tokens. That's not really helping the technology. And this is a speculative market that is very very young, The market has no precedent or regulation so it will keep on swinging as far as what I'm foreseeing.

@eminenz | June 5, 2018, 8:48 p.m. | Votes: 0 | [ VOTE ]

Yep. You better fasten your seatbelts.

@sniper555 | June 5, 2018, 8:57 p.m. | Votes: 1 | [ VOTE ]

Zen Cash 51% Hack, Nothing Safe.

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