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Zcash Blockchain clogged by Spam Attack?

05/12/2022
07/12/2022
08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
27/02/2023

ICBM Expo

Dubai, UAE
03/03/2023
The Crypto Times - Latest and Crisp Crypto News

Privacy-focused proof-of-work blockchain Zcash, is supposedly underneath a spam assault and because of this is getting clogged.

According to Jameson Lopp, chief technical officer at crypto agency Casa, the attackers are spamming the Zcash blockchain, and since June it has tripled to greater than 100 GB in dimension.

Jameson identified that the blockchain has processed a big quantity of transactions that purpose to disrupt the community. To accomplish this, the attacker took benefit of Zcash’s “shielded transactions,” meant for privateness. The estimated price of the assault is roughly $10 a day in transaction charges.

Simply put, the attackers misused the shielding issue of the blockchain by utilizing Zk-snarks to implement the assault. Since Zcash protects the enter output values by utilizing Zk-snarks to cover the senders and receivers addresses.

Zcash has not had any downtime, however on account of excessive demand on the community, nodes are discovering it arduous to sync with the community.

Sean Bowe, an Engineer at Zcash tweeted “At this point, there only seems to be two problems with the spam: it’s bloating the chain size, and it’s making it harder for wallets to sync.”

The motive for this assault has not been decided but, nonetheless the group has formulated numerous theories.

Compiled by Coinbold

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