51% attacks can occur at any time, yet remain predictable, giving platforms time to prepare a defense strategy. Previously targeted, EMC2 was clever enough to avoid the problem. Also, the platform quickly rented mining power to deter the assailant.
A motivated attack by education
The threat to Einsteinium was not motivated by money or control, because the attacker named Piracy 1 wanted to give a lesson to the platform, which is why he told "news hackers" about his plan to attack. scheduled for 13 October.
To this end, the hacker explained his reasons for demonstrating to EMC2 the excitement of his system and explain to the public the system of operation of an attack and mitigation measures to adopt.
https://twitter.com/SupraBo_/status/1051300148117037056
- SupraBo_
There were strong reactions to the case, as Piracy 1 said the operation would be broadcast on Twitch to collect donations. To this end, the debate over a possible scam broke out, some believe in it and others do not.
Einsteinium leases extra hash to deter attack
An informed user of the threat of attack had revealed that:
"A 51% attack on small Blockchains is like taking a lollipop from a toddler's hands." Also, the situation of EMC2 seemed febrile enough to be brutalized by attackers.
However, when a threat is launched and the platform is notified, it will have time (or not) to prepare technically and logistically to repel the attack . Also, the addition of mining power in the network was the only solution to thwart the possible attack, which the platform decided to do, despite a significant investment. In the end, no attack was launched, but this allowed EMC2 to rethink a little more seriously its security system.
What do you think of this threat? Was EMC2 right to rent Hashrate? Comment in the comments section.
Posted from our website : https://infos.link/attack-51-einsteinium-emc2-protected-by-a-hash-lease/