Product programmer Franklyn Richards has witnessed Litecoin (LTC) network action that reminds him of the Aug. x dust attack on Litecoin.

In a Dec. 14 blog mail, Franklyn Richards, a product programmer who has worked on Bitcoin (BTC) and Litecoin since 2022, describes a blueprint emerging among agile Litecoin network addresses.

According to the production developer an unknown entity is taking "big periodic automatic actions" on the Litecoin network, resulting in "an nigh sawtooth like design." He explains:

"On average the network typically sees around 40,000 active addresses per solar day, however, co-ordinate to data from bitinfocharts, every 7 days this value is spiking to over lxx,000 before abruptly dropping back downward. This has resulted in an almost sawtooth similar blueprint that'south pretty evident given a brief glance."

Related to dust attack on Litecoin in Baronial?

Richards speculates that the electric current "strange" network beliefs, which reportedly started on Aug. twenty, appears to exist related to the Aug. ten dust assault that was appear through the official Binance Twitter business relationship at the time.

On Aug. 10, the Litecoin community was upward in artillery every bit Binance announced news of a potential dusting attack. The house explained that around l Binance Litecoin addresses received a partial amount (0.00000546) of Litecoin, which the exchange's security team identified as a role of large-scale dusting attack.

A dusting attack occurs when hackers send a tiny fraction of a cryptocurrency to a large group of addresses. These pocket-size fractions are referred to every bit dust, as they can exist as small equally 1 Satoshi, which near users don't even find or may think of as harmless. Since the balances are so pocket-size, they cannot be spent without being included in a transaction along with the victim's other funds, which allows the hacker to trace and de-anonymize the victim behind the wallet.

Nonetheless, Richards concludes his blog by pointing out that without proper "access to more information tools for the Litecoin network, it's hard to properly analyse the actions behind the behaviour."

Litecoin historic its 8th birthday

Litecoin celebrated its eight altogether on Oct. 13, an issue highlighted by its founder Charlie Lee, who famously sold and donated all his LTC holdings back in December. 2022. He said at the time:

"Litecoin network has been up and running continuously for the past 8 years with goose egg downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forrad to the adjacent viii years and more!"