February 24 team pool noticed problems in the Callisto network. On this day occurred the split chain, which was accompanied by all the hallmarks of an attack by 51 percent. As a result, some nodes Callisto and node pools was in the wrong thread. Understand the situation in detail.
Source: statistics Callisto
theTeam 2Miners was pretty sure that in the wrong chain and got burnedi network. The developers have contacted representatives of the CLO project, but the latter assured that the situation is normal. After a problem is detected the members of the pool informed about what is happening in the community Callisto official Telegram chat. The result — a ban chief engineer 2Miners.
Source: Telegram
Team Members Callisto did not recognize the problem and continued to bend the line. According to them, the problem was on the side 2Miners, and 95 percent of other pools allegedly worked as usual.
Source: Telegram
At this time, the top cryptocurrency exchanges .
Source: HitBTC
Usually, the teams exchanges monitor the state of the blockchain coins with better developers, because any bugs and instability of the chain, in theory, mean a loss of money for playgrounds. After the ban of the withdrawal became obvious, that it is not in 2Miners, and Callisto.
theRepresentatives 2Miners examined the contents of Explorer and found the culprit behind the attack meets the owner of the address .
Because Of its many pools received Orphan blocks.
Source: Pool Sexy
Source: MinerPool
Source: CLOPool
Source: Cryptomena
See also:
Representatives of the Callisto was obviously wrong, because the problem with bloccano really caused . Earlier similar was already done with some coins on the algorithm Ethash. For example, victims , and others.
Source: Callisto Network Hashrate
theSorry, hit the wrong chain after its division, which led to erroneous confirmation of the blocks for the sum of 167 thousand CLO, or about 800 dollars. Payments were suspended for some time, and developers 2Miners gave information to the Callisto. In the end, Callisto acknowledged the attack 51 percent, but declined to reimburse the miners. 2Miners offset 167 thousand CLO from its own funds, users of the pool have received all their due reward.
Members of the Callisto Network Team has acknowledged the problem, but ignored the loss of the miners.
According to them, the team has been for months working on preventing attacks 51 percent through testing and is audit. However, the introduction of protective functions probably delayed. And we are talking about an indefinite period of time, because references to named features in the roadmap.
Later, 12 hours after the attack the developers Callisto advised to increase the minimum number of confirmations units to 300, making the approval time increased to 75 minutes.
The Findings are disappointing: the third largest Ethash-coin is unable to resist the attacks of 51%, as well as to act effectively in such situations. The developers get 30% reward from each block that goes to the Fund.
In Addition, representatives of the team actively suppressed the problem and for some reason blamed the team 2Miners after the publicity. Because 2Miners is completely transparent pool, this behavior are the representatives believe to be impermissible.
theThe Reputation of the pool worth a lot more than $ 800. For the protection of miners members of the team bought 167 thousand CLO on the stock exchange and held the payments.
At the moment, and Callisto pools 2Miners work correctly, the network seems stable and payments are correct. The developers have also improved pool monitoring system of the blockchain. This will help prevent making payments when the network is split.
Alas, cannot be guaranteed — for developers of Callisto have to do something. However, the most offensive is the attitude of the miners. Representatives of the project want their coin is traded on the stock exchanges and flew to the moon, but do nothing to support and protect the owners rigs.
There are several ready-made solutions. Ethash-coins are best suited and (dPoW).
Need to mention for the collection and analysis of metrics of the blockchain, and in the case of unusual situations .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
Rally Bitcoin — deception. Well-known economist advises to invest in gold
Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...
Related News
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in...
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Cryptopia when will you reopen? The main requirement to restart
Recall that the hacker attack began the evening of January 14 and lasted for a couple of weeks. During this time, with wallets crypto currency exchange stole tens of thousands to the equivalent of U.S. $ 16.1 million. After breaki...
Ripple sulistio on Coinbase Pro. The coin jumped up
the holders have a reason for joy — Coinbase deals with the integration of crypto-currencies in their trading platform. Last night in the company blog has information about listing on Coinbase XRP Pro. However, the first users wil...
Warren Buffett: Bitcoin attracts charlatans
Berkshire Hathaway CEO Warren Buffett called «delusion» and stated that cryptocurrency attracts charlatans. The billionaire gave an interview to CNBC where he stated the next portion of criticism against the industry. Re...
Bear cryptocurrency market coming to an end. This convinced the founder of Tron
CEO Justin San in a recent interview with Chinese cryptome Mars Finance said that the bears are finally leaving the stock market. All because of coins, which has already reached its bottom. Known for its aggressive marketing strat...
The U.S. government returned the stock exchange Bitfinex bitcoins stolen back in 2016
Today, crypto currency exchange Bitfinex announced that law enforcement agencies of the USA managed to return 27,66270285 , which was stolen after a break in August 2016. All this time the exchange closely cooperated with the inve...
Hardwork Constantinople will take place this week. The main parts of update
the Two most important upgrade will happen this week. The developers reminded the official blog of the project. The exact moment of activation of Constantinople and St. Petersburg — 7280000 unit of cryptocurrency. According to rou...
Black list: the top 5 unforgivable mistakes in cryptocurrency trading
due to its availability cryptocurrencies are almost the easiest way to learn trading. is the most modern investment that can bring huge x's in the future. Because of the growing hype around the industry newcomers are rushing to pu...
Bitcoin will reach new highs in 2021. What you need to start bullrun?
Market cycles, it is common for traditional assets and . Each wave of explosive growth of the cryptocurrency ended in a strong decline in the course of which BTC has depreciated by at least 80 percent. the Current bear market has ...
HYIP 2017 won't happen again, the cryptocurrency market will grow smoothly. Why?
the Cryptocurrency market is going through good times. Last week showed a significant jump 3600 to 4100 dollars and moved to a new level of resistance. Then followed a subsidence, but the situation may well mean the beginning of t...
Blockchain NEO 3.0 will use even the farmers. A loud statement co-founder
the company's DevCon Event in Seattle began with a surprise statement. Co-founder of Yes, Hanfa began the meeting with a report on the smart economy and shared their views on what will help to lead the world to a new technological...
The cryptocurrency market have fallen. What was the reason?
What goes up must sooner or later fall. Many warned of an impending strong correction of the market, but it was even tougher. Just one hour from the capitalization of the industry has gone 14 billion, and has fallen below $ 4,000....
The Ethereum have fallen below $ 140. Bullrun not?
Yesterday made a dramatic reversal on the chart, broke through some key resistance and fell below $ 140. In fact the main reason for the fall of bitcoin has been draining , which dragged down all the other altcoins. the Overall si...
ICO-projects ceased to sell Ethereum. The volume has decreased to 30 thousand per month ETH
According to blockchain data from Santiment for the last 30 days sold only 30 thousand . Earlier the same esters sold daily. This is the lowest figure since last year. Most of the coins sold the company Bancor — 8.5 thousand. Foll...
Fiasco banker: JPM Coin compared with a wet noodle
Analyst Max Keiser was one of the first openly spoke against Jamie Daimon and JPM new stablon Coin. In his opinion, the announcement of a centralized cryptocurrency from one of the leading investment banks in the US was the reason...
Bitcoin has fallen below $ 4,000. The crypto currency exchange barely sustain the influx of traders
Yesterday, the stock market ended the hopes of players in the market on the continued global growth . After a big jump the main cryptocurrency on Saturday it had fallen by almost 10 percent the next day. Such intense events during...
Pantera Capital: the fundamentals of Bitcoin today is very strong
Just over a year ago, the market capitalization for the whole cryptocurrency industry exceeded $ 800 billion, but has since fell more than 80 percent. Today the figure is 141 billion. Such a protracted bear market received a separ...
Bullrun Bitcoin will start after the "Golden cross". What does it mean?
the Sudden growth greatly enlivened traders and investors. After formation of the first in a long time local of the uptrend, the experts began to speculate about the future price movements of the cryptocurrency. Some are predictin...
Comments (0)
This article has no comment, be the first!