Join the larget crypto conference of 2024 in Bitcoin

Ethereum PoW Faced Replay Attack

ethereum

Blockchain analytic platform BlockSec confirmed that Ethereum Proof-of-work (ETHW) faced “Replay Attack” but not on the chain level.

Ethereum Proof-of-work (ETHW) is indeed a real Ethereum blockchain network on Proof-of-work consensus but the backed value of ETHW is different from ETH PoS. Here we can say that Ethereum developers technically cloned the ETH token of Proof-of-work to ETH Proof-of-stake coins and few crypto exchanges supported Ethereum Proof-of-work (ETHW) as a new coin. Now the current value of ETHw is $4.87, which is 95% down. 

On 18 September, Crypto blockchain analytic firm BlockSec informed the crypto community that some bad actors tried to replay the Ethereum PoS message on the Ethereum PoW chain.

“exploiters are replaying the message (calldata) of the PoS chain on @EthereumPow.”

      -----Cryptonews AD----->>>  

BYBIT - Copy Trading

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE

  <<<-----Cryptonews AD-----    

 

BlockSec noted that the main issue was associated with the contract because the protocol’ bridge contract failed to verify the chain I’d correctly.

“The root cause of the exploitation is that the bridge doesn’t correctly verify the actual chained (which is maintained by itself) of the cross-chain message,” BlockSec said

The analytic firm also explained that the exploiter tried to make 200 ETW extra through the Replay Attack and he might have been able to drain the funds on the contract deployed on the ETHW chain.

The ETH PoW team confirmed that the attack took place but at the same time they confirmed that the attack was not on the chain and indirectly hinted that people don’t need to take tension about the security of the network. 

Read also: Cardano founder says “Rocket is in the air” ahead of Vasil Hardfork

Ethereum PoW Faced Replay Attack

 

https://bitcoinik.com/ethereum-pow-faced-replay-attack/feed/

https://bitcoinik.com/ethereum-pow-faced-replay-attack/feed/

 

 

 

 

 

Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.

 

Trade with Moon Grid now
 

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

Please follow and like us:

Social media & sharing icons powered by UltimatelySocial