The Litecoin blockchain network has experienced a dusting attack, stated Binance on Twitter.
Dusting attack is a type of attack which based on a big amount of transactions with an extremely small amount of coins or tokens in order to break user's privacy.
Approximately 5 hours ago there was a large-scale dusting attack on $LTC @Litecoin users.
— Binance (@binance) August 10, 2019
One of many transactions: https://t.co/zgk9gPRNcU
Here's what you need to know and how to protect yourself:https://t.co/KNVoQLwBUb
The main idea of a dusting attack is to track the movement of a small number of cryptocurrencies in order to identify the user.
Previously the Litecoin network experienced halving at block 1,680,000. From now on, miners who mine a block in the Litecoin network will receive a 12.5 LTC reward instead of the 25 LTC they had been receiving so far.
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