Victor Ugochukwu · Dec 14, 2020 . 5min read
Voluntarism.dev launches 51% Attack over BCH controversial Hard Fork
Voluntarism.dev, an anonymous group launched a 51% attack on BCHA for protesting over Bitcoin Cash’s contentious hard-fork.
By Komal Joshi · Nov 30, 2020 . 6min read
A group of old-guard miners and whales, Voluntarism.dev, launches a 51% attack on Bitcoin Cash ABC (BCHA) in denial over Bitcoin Cash’s controversial hard-fork on November 15. Parts of the Bitcoin Cash community have decided to maintain a battle against Bitcoin Cash ABC. It is in regard to the separation between each blockchain in mid-November.
BCH is now classified into two namely: Bitcoin Cash ABC and Bitcoin Cash Node
For the uninformed, initial Bitcoin Cash is now separating into two forks, the first being Bitcoin Cash ABC (BCHA) and the second, Bitcoin Cash Node (BCHN). BCH’s primary developers and team formulate the BCHA group. After a prosperous hard fork, Voluntarism.dev, launches a 51% attack on BCHA.
Voluntarism.dev takes effect with BCHA’s choice to perform a miner tax that redistributes block bonuses to a recently built development fund. However, November’s hard fork limited Bitcoin Cash itself from carrying on that characteristic. Moreover, Voluntarism.dev intends to stop BCHA’s from utilizing the feature as well. It attacked thus, seizing control of a majority of the blockchain’s hash rate. Moreover, the group then went on to modify BCHA’s consensus rules.
Anonymous Dev’s 51% Attack transformed rules to transfer 100% mining rewards to Coin Development Fund.
The modified rules transfer 100% mining reward to the coin’s development fund, instead of 8% as decided. The strategy prevents miners from receiving any rewards while the attack is in operation. Thus, undermining the coin completely. However, it remains a question of fact whether the attack received the desired results. The attack is in process since Nov.24. However, the identity behind the attack is still unknown. The attack hasn’t completely undermined the coin entirely.
Vitalik Buterin of Ethereum states that it is the first “spawn camp attack” on a cryptocurrency. He refers to a video game trick that describes players bringing out the same attack regularly.
For the uninformed, Bitcoin Cash is the 5th largest coin, claiming a market cap of $5 billion. It has a hash rate of 1.6 EH/s. BCHA is the 210th largest coin. It has a market cap of $322 million and a hash rate of 0.4 EH/s. However, looking at the BCH’s advantage, we will have to see if BCHA will be successful in preventing further attacks similar to Voluntarism.dev’s 51% attack.
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