Cryptocurrency its developers are talking about the spam attacks that ZCash (ZEC) has suffered in recent days. It was created by forking in 2016 as an alternative to Bitcoin. ZCash network has been experiencing technical difficulties in recent days due to cyber attacks.
A user on Twitter, nicknamed xenu, said the following about Zcash’s attack:
The zcash spam attack continues. Almost every block contains a shielded transaction with hundreds of outputs. In doing so, the spammer can successfully blow up the size of the chain by maxing each 2mb block every 75 seconds. The cost of each spammed transaction? Less than a cent.
— xenu (@xenumonero) October 5, 2022
“The spam attack on Zcash continues. The hacker is able to crash every 2 megabyte block in 75 seconds by making nonstop transfers. The cost of the attack is less than 1 cent.”
ZCash developers have not officially revealed the reason for the attack. However, the consensus in the blockchain community is that the attack was done to damage Zcash’s reputation. Another possibility is; The cybercriminal may be preparing for a bigger attack by distracting them with spam.
Who is doing the attack?
The perpetrator of the spam attack on the Zcash network has not yet been identified. However, some of the Zcash fans denounced the attack. monero believes what fans do.
It’s probably the Monero boys who are doing it. I don’t see any other losers who would waste time doing this. Zcash is Monero’s rival so they try to weaken it. It’s one of the reasons I don’t invest in Monero. I just don’t like the people in that community
— from 🛡 (@igototokyo) October 5, 2022
“This attack is probably perpetrated by Monero fans. No one else wastes time with such a simple task. They’re trying to tarnish its reputation as Zcash is a rival to Monero. I don’t invest because I don’t like the Monero community.”
Monero and ZEC are known as serious cryptocurrency projects that promise privacy. The spam attack on Zcash has yet to lead to any serious consequences. Blockchain security companies like Electric Coin regularly audit Zcash for security.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!