Vertcoin suffers a 51% attack

Summary # Vertcoin, a cryptocurrency that focuses on decentralization, was hit by a 51% attack in October 2018. The attack led to double-spending and the loss of thousands of dollars in assets. The attackers took advantage of the Lyra2REv2 algorithm, which was susceptible to NiceHash-driven attacks due to the availability of hash power for rent. In response to the attack, Vertcoin switched to a new algorithm called Verthash, which aimed to provide better security against similar attacks in the future. ...