Tuesday, April 23, 2024
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Terra Classic’s DeFi project Terraport suffers exploit shortly after launch

Terraport Finance, the recently launched decentralized finance (DeFi) project on the Terra Classic network has been hacked, with 15 billion LUNC drained from the protocol.  15 billion LUNC and 9.7 million TERRA wiped from liquidity wallet In a tweet on April 10, 2023, Terraport Finance announced a breach in the protocol’s liquidity

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Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition – Altcoins Bitcoin News

Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has

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Ethereum Classic’s MESS Solution Won’t Provide ‘Robust’ Security Against 51% Attacks: Report

A solution being implemented to safeguard against so-called 51% attacks on the Ethereum Classic (ETC) network may not be as secure as other alternatives, according to a new analysis.This summer, the ETC blockchain suffered three such attacks in a month. Soon after, ETC Labs – leading organization supporting the network

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Hard Fork Sets Stage for Ethereum Classic’s Second Major Departure From Ethereum

Trail partners Ethereum and Ethereum Classic are soon to split ways, highlighted by the latter’s successful “Phoenix” hard fork Sunday night. Executed at block 10,500,839 on May 31, the backwards-incompatible network upgrade makes Ethereum Classic fully compatible with Ethereum. That is, until the larger blockchain swaps its consensus algorithm in a

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