Will 2019 be remembered as the year of attack?

By Fred Newbloke

Welcome to 2019. An eventful start to say the least as people slowly get back into the swing of things, ramping up for new challenges and the year ahead.

No time to rest on one’s laurels, as the saying goes.

There’s work to be done.

The Crypto space has experienced an alarming number of attacks recently. This subject has been well documented and discussed at length in social media circles, requiring very little resources in some cases to carry out such actions.

Attacks have not just been confined to smaller POW (proof of work) projects in their infancy, as observed previously. Larger projects considered to be well established in the space have also been affected.

Ethereum’s long-anticipated Constantinople upgrade has recently been delayed after a critical vulnerability was discovered in one of the planned changes. And a recent study carried by a group of students at Decentralized Systems Lab, UIUC, has exposed significant vulnerabilities with a number of POS (proof of stake) projects codebase. 26 plus such projects have been identified, requiring mitigation. (Source: “Fake Stake” attacks on chain-based Proof-of-Stake cryptocurrencies)

These examples to name just a few. The list goes on and on. An ever increasing and concerning trend that needs to be addressed as a matter of priority, without delay.

A timely reminder also for people researching projects to ensure that relevant due diligence is carried out in a thorough manner.

To revisit this article’s title:

Will 2019 be remembered as the year of attack?

Recent incidents have clearly indicated that this may very well be the case. Last year will be remembered as the year of the ICO and difficult bear market environment. The question though for 2019 remains.

So, where do we go from here? Collectively, as supporters of Crypto projects and the space in general.

It is by no means doom and gloom. Every problem presents a challenge, opportunities for creative minds to work together, developing and finding solutions that lead to inspiration for even greater achievements. The space will continue to innovate and evolve in my opinion, with certain projects emerging in a stronger and more stable position. Many projects on the other hand may not, unable to adapt to the pace of change and simply fade away.

For a Cryptocurrency to be universally accepted as a method of payment, with subsequent mass adoption, people from all walks of life and cultures will expect as a minimum that the network is secure - resting assured that their individual assets will be safe from wrongful attack.

The time has now come to introduce the ‘Hive’. The Litecoin Cash (LCC) solution to 51% attack.

The Dev team at LCC felt compelled to design and create this permanent solution from scratch. Immediately recognizing the importance, with the foresight to act promptly, having experienced first hand a number of 51% attacks over a period of time.

The Hive is potentially groundbreaking and disruptive technology, securing the LCC network, while delivering an innovative and user friendly mining experience to the broader community without the need for specialized hardware.

Feb-06-19 will mark a place in time!

Hive will finally be integrated into LCC Mainnet following a successful voting period, with over 94% of pool operators and individual users showing support. People will then be able to become ‘beekeepers’ - thus helping to secure the network.

Follow the progress as we countdown to this moment!

https://hivecheck.info

It is an extremely exciting time to be part of this remarkable LCC team and community. The most significant milestone to date and a culmination of countless development and testing hours. Congratulations and thanks to all involved with making this achievement possible!

Proud times indeed.

It is with great optimism that we look forward to a future with endless possibilities to collaborate, building upon this stable platform.

Please come and join us to learn more about Hive and all things LCC.

Let’s together build something special. 🐝