Reports according to blockchain analytic platform, BlockSec revealed that Ethereum Proof-of-work (ETHW) encountered “Replay attack”, however, this attack was not on the chain level.
Ethereum Proof-of-work (ETHW) is definitely a true Ethereum blockchain network on Proof-of-work consensus, however, there is a significant difference in the backing value of ETHW from ETH Pos.
But we can say that there was an exchange between the ETH token of Proof-of-work to ETH Proof-of-stake which bought us to the current value of ETHW which is 95% down.
Crypto blockchain analytic firm, BlockSec notified the crypto community on the 18th of September that some unscrupulous actors attempted to duplicate the Ethereum PoS message on the Ethereum PoW chain.
BlockSec pointed out the major problem that’s connected with the major agreement because the protocol’ bridge arrangement ceased to function to confirm the chain correctly.
However, the analytic firm made a detailed explanation that the exploiters wanted to make 200 ETW extra through the Replay Attack which reduces the funds on the ETHW chain.
ETH PoW team confirmed that the attack was not on the chain and indirectly hinted that the public not to panic.
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