Why is Ethereum Classic Under Attack (Why can’t the Ethereum Classic app be accessed)?

Recently, Ethereum Classic (ETC) network has been under attack, according to Coindesk. Hackers have exploited the “flashloan” feature in the blocks they mined to steal nearly $200,000 worth of ETH (approximately $130,000). After the successful attack, the Ethereum Classic blockchain has gradually shifted towards the proof-of-stake (PoS) consensus mechanism. As this system consists of miners and validators, it has been used for denial-of-service attacks on transactions. This has caused some users to transfer their assets to other wallets or exchanges, which they cannot even access. So why did this situation occur? Why is Ethereum Classic Under Attack? To solve this problem, the Ethereum Classic team has designed a solution called EIP-2929, which introduces a mechanism called “replay protection” that allows users to use specific wallets through a lightweight client. However, if a node wants to be rewarded and continue running their node, they must create multiple backups, otherwise it may result in double spending or cryptocurrency loss.

Why can’t the Ethereum Classic app be accessed?

Editor’s Note: This article is from Caiyun Blockchain (ID: cybtc_com), authorized to be reposted by Odaily Planet Daily.

Recently, there has been an issue with the Ethereum Classic app, where users were unable to open the download link and import function of the Ethereum Classic App while using its browser. This has caused the wallet app to become inaccessible.

This is because many applications have stopped supporting registration, verification, and other operations on their Etherscan and Ethereum Classic client software versions. However, the reason for this situation is that the development teams are unwilling to provide the ability to update or modify the content for them. Currently, only a few major Ethereum Classic clients are running these clients, and there are still many networks based on Eth2 and PoS that require upgrades and maintenance.

There are now two ways to solve this problem. One is to remove all optional “junk information” from EIP-1559. The second is to execute it directly through a smart contract and then transfer it to Ethereum Classic. The third is to send the transaction to anyone’s account for signing. If we want to retrieve our encrypted assets with new tokens, we must create a new address and forward some new data to it as proof, which could be a very useful case.

Firstly, a feature similar to Lightning Network is implemented so that people can access various services on Etherscan and Ethereum Classic chain without relying on third parties. When you start using Etherscan, you can choose to view all DApps on it. Finally, if you want to use other applications, it is best to try them first.