Ethereum Network Repelled 51% Attack
Main page News, Ethereum, Blockchain, Hacker Attack

Ethereum has successfully repelled 51% attack by an unknown attack, tweeted Marius Van Der Wijden, Software Developer at Geth, Ethereum. While the network has reportedly faced a long chain of approximately 550 blocks with invalid data, only a few Nethermind nodes switched to the invalid chain, Van Der Wijden explained.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

As of press time, it takes almost $2 million to attack the Ethereum network for as long as two hours, according to Crypto51. Even the Bitcoin network is cheaper in comparison with Ethereum where a bad actor would need to spend approximately $1.7 million.

Scaling Protocol Arbitrum Suffers Outage Due to a Bug

The attack against Ethereum comes shortly after Solana's mainnet-beta network suffered "intermittent instability" over resource exhaustion. As a result, Solana's network has been unable to produce new blocks for more than fifteen hours. Later, the community of validators decided to collectively relaunch the mainnet.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error