ZenCash Target of 51% Attack; Loses More than $500k in Double Spend Transactions

The ZenCash network was attacked earlier today via a 51% attack. The attacker managed to reorganize the blockchain multiple times, successfully double spending two transactions. Over $550,000 Double Spent ZenCash is a Proof of Work cryptocurrency based on the popular Equihash mining algorithm. Equihash is used by several other popular currencies, most notably ZCash, meaning that there is a very large pool of total Equihash hash rate in the world that can be used on<br />Read More<br />The post ZenCash Target of 51% Attack; Loses More than $500k in Double Spend Transactions appeared first on Bitcoinist.com.

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