Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CROAT - THE CATALAN ALTCOIN - EGALITARIAN COIN OF THE CATALAN PEOPLE
by
ptrs
on 22/01/2019, 13:33:34 UTC
Why are there no payments to the web wallet from the pool? Does www.croatwallet.com work for everyone?

In recent months, Croatcoin has nice rise of the value, so it has been more interesting for attackers. Between 13-14 january 2019 51% attack has been performed agains the CROATcoin. The blockchain has been fixed, but for now, the web wallet (croatwallet.com) and Android App, is not yet synchronized with the new chain. I tried to make a transaction from AndroidAP => the coins left my wallet, but did not arrived. Of Course, after fix, they should appear again within my wallet. Croat wallet of STEX exchange is still offline. DEVs promised fix within few days, please be patient.

More info http://www.croatcoin.info/hardfork/
>Analyzing the "old" chain it was detected that in 2 days chain grew from block 732423 to 888000 approximately. In normal conditions, about 2 minutes per block approximately, it should have taken about 108 days to reach this block height! Which indicates that roughly it would be an unlawful appropriation of about 5,700,000 CROATS!

I will try to express my opinion to this situation: The blocktime of Croat is 1minute=60 seconds, but total of 5.7M of Croats looks correct. The question is, where are these 5.7M of Croats? If they are outside of the STEX or inside already. Since no massive DUMP has been noticed on the STEX and CROAT accounts on the STEX are according to my opinion just regular valets, I hope we will have no big damage. The attackers were motivated by possible profit (which was not confirmed probably), or motivated to damage CROATcoin for unknown reason.

To be immune against the attack like this one, we need to have much higher hashrate like today. Since difficulty is similar to price, it means, that price of Croat should be at least 5 eurocents and market capitalization at least 3 Milions Euro. It is hard to be immune with hashrate about 20MH..

Definitely we are on the right track. Please HOLD Your Croats!