Why are Zcash holders worried, given the growth in size of blockchain
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Concerns about a potential spam attack have arisen as a result of the unexpected growth in the size of the Zcash (ZEC) blockchain caused by increasing transaction volumes.
Jameson Lopp, co-founder, and CTO of Bitcoin storage business Casa brought this to light in a tweet and stated the Zcash blockchain has tripled in size to over 100GB in just a few months.
What does this mean?
According to the blockchain explorer, at block height 1832666, Zcash miners confirmed a block containing four shielded transaction outputs.
Every 75 seconds, a 2 MB block seems to have been completely utilized, and the average transaction fee was less than a penny.
The Zcash blockchain grew in size as a result of the most recent spamming attack. Due to memory and performance concerns with the synchronization of this surge of shielded outputs, nodes have failed as a result.
There is an estimate that the transaction fees associated with this attack cost the fraudster around $10 each day.
It is unclear why the attack is being launched, but some feel it is an attempt to damage Zcash’s reputation by causing nodes to crash due to memory, performance, and synchronization problems.
Potential node operators may be dissuaded from joining the network, increasing the likelihood of surveillance or so-called Eclipse assaults on the blockchain.
A look at the hashrate and difficulty
According to 2miners, the mining difficulty of the chain had decreased slightly over the previous week, and it was at 88.03m as of the time of this writing.
The weekly average hashrate also showed a drop and was at 10.16. This indicated that mining activity had decreased over that time period. A decrease in mining difficulty could mean that there are fewer miners using the platform.
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