Vertcoin got 51% attacked, again!
It has been a bad couple months for Vertcoin, they got 51% attacked before, and it happened again.
In the incident that happened a few hours ago, an attacked almost forked the coin.
The organisation confirmed 5 double spend transactions totalling 125 Vertcoin worth $29.
What is a 51% attack? When an attacker has more than 51% of the hashingpower he/she can control the blockchain. This allows him/her to double spend coins, or block transactions from happening. This also allows the attacker to rewrite the chain.
Almost a year ago Vertcoin also got 51% attacked losing users over $100.000!
The attack was done with miners rented from Nicehash. This shows that Vertcoin is suspectible to 51% attacks and you should not hold this coin.