Analyst "surprised" Bitcoin Cash has escaped an attack after 30% hash rate drop, but BCH proponent hits back

Bitcoin Cash has suffered a drop in hashrate after its April 8 halving.

Despite the network suffering no unwanted consequences, a crypto-analyst thinks it is surprising that the controversial cryptocurrency has not suffered a "Large-scale" attack yet.

Yassine Elmandjra, a crypto analyst at data-driven investment firm ARK Invest, tweeted on May 24 the BCH network has fallen 30 percent since April 2020, with only 2 percent of the SHA-256 hashrate accounted for.

Surprised we haven't seen a large scale attack yet.

A look at BCH hash rates on BitinfoCharts shows the average daily values for the Bitcoin fork have steadily plunged, with the values surging before Bitcoin's May 12 halving and falling about 25 percent, approximately, from April levels.

Data from early-2020 shows hash rates were roughly double of the current hash rate outputs, meaning the $10,000 figure for a theoretical attack would not hold true.

Reportedly, BCH networks have become painstaking slow in recent times, signaling some miners may have left the network.

Any claims regarding 51 percent attacks on the BCH network are unsubstantiated, writes BitcoinBCH founder Hayden Otto.BCH guy says no.

"These pool operators are able to immediately switch their BTC hash rate over to Bitcoin Cash, aiding any existing Bitcoin Cash hash rate they all have, if they detect an attack."

Otto says the network was defended by "Superior hash" on two previous occasions when Bitcoin "Satoshi Vision" proponents Calvin Ayre and Craig Wright infamously tried to take down the BCH network.