The post Coinbase Introduces Measures to Counter Double Spending Attack on Zcash! appeared first on Coinpedia Fintech News
Cryptocurrency exchange Coinbase has introduced measures to counter the risk of a double-spending attack on privacy coin Zcash after a single mining pool took control of 53.8% of the blockchain’s hash rate. The exchange announced it would require 110 block confirmations for a deposit of Zcash, a process that would take around 2.5 hours instead of the previous 40 minutes. Coinbase has also moved Zcash trading pairs into limit-only mode to mitigate any volatility in the event of large sales made as part of a double-spend attack. The exchange also engaged with Zcash creator Electric Coin Company and the ViaBTC mining pool.
Source: https://coinpedia.org/crypto-live-news/coinbase-introduces-measures-to-counter-double-spending-attack-on-zcash/