Alert System Implemented on Ethereum Classic to Monitor Suspicious Activity, Aiming to Prevent Attacks

One of the greatest risks to the cryptocurrency industry is the ability for cybercriminals to attack nearly any aspect of the community, whether it be on wallets, exchanges, or other opportunities. With so many hacking attempts and malware arising in the last year, the Ethereum Classic (ETC) network chose to take action, establishing a new tool that will watch for suspicious activity. The tool is available at ETCStatus.Live. The new tool uses block analysis and block propagation to determine the threat level posed to users. According to data from Crypto51, the ETC network has an 85% risk of attack, costing $4,031 for a one-hour attack. Double-spending attacks are a substantial risk and the confirmations through mining only make it more susceptible until there is no change of double spending. The confirmations validate the transactions, increasing the chances of being deemed valid, even if it is double-spent. Though Ethereum Classic is far from the most threatened network by Nicehash,