This Top Cryptocurrency Got 51% Attacked. Yet, It’s Up 19% And It’s a Problem

For a major cryptocurrency like bitcoin, Ethereum, and others, it’s practically impossible to carry out a 51 percent attack. In the case of Bitcoin Gold, Lovejoy said that the orders of tens of blocks on the cryptocurrency are not enough to eliminate the incentive of launching a 51 percent attack against it.

Despite the serious attack on the cryptocurrency, the price of Bitcoin Gold is up 19 percent on the day. The abrupt upsurge of Bitcoin Gold following such a high profile attack against the underlying public blockchain network raises the question on the fundamentals of the cryptocurrency exchange market.

Timeline of Bitcoin, Bitcoin-gold, Ethereum