Lately, many fork suffer from 51% attack. Even, unknown coin like LCC (Litecoin Cash) also suffered from this attack a few days ago.
For that reason, VALUTO developers should consider to use uniqe algorithm instead of scrypt to keep the coin safe. By using unique / custom algo, I believe it can prevent the coin from 51% attack.
At this moment, the risk is very high considering that hiring HASH for VALUTO attack is VERY possible.
I am sorry, I love this coin since the first day. That's why I care to give you a suggestion. CMIIW and thank you.
For that reason, VALUTO developers should consider to use uniqe algorithm instead of scrypt to keep the coin safe. By using unique / custom algo, I believe it can prevent the coin from 51% attack.
At this moment, the risk is very high considering that hiring HASH for VALUTO attack is VERY possible.
I am sorry, I love this coin since the first day. That's why I care to give you a suggestion. CMIIW and thank you.
Hello everybody!
Thank you alot for your concern and suggestion DjemBoot!
We are aware of the 51% attack, and we are already looking into solutions preventing these kind of attacks.
Stay tuned for more updates
Best regards,
/team
Acquire Valuto here - https://www.coinexchange.io/market/VLU/BTC
Acquire Valuto here - https://www.coinexchange.io/market/VLU/ETH
Acquire Valuto here - https://www.coinexchange.io/market/VLU/DOGE
Acquire Valuto here - https://stocks.exchange/trade/VLU/BTC
Create a free webwallet here - https://valutowallet.com/
Information regarding VLU - https://coinlib.io/coin/VLU/Valuto
Check our block explorer here - https://vluchain.info/
Our homepage - https://valuto.io/