Ethereum Classic Labs Plans ‘Defensive Mining’ Strategy as Hashrate Plummets

Ethereum Classic Labs Plans ‘Defensive Mining’ Strategy as Hashrate Plummets

Ethereum Classic’s hashrate has dropped precipitously since January and continues to decline after two successful 51% attacks on the network earlier in August. In light of the vulnerability, Ethereum Classic Labs, self-described as “stewards” of the blockchain, detailed a plan to protect and revitalize the fledgling network in a published Wednesday.

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