2019-1-10 16:56 |
ETC’s 51 percent attack — the vulnerability of proof-of-work laid bare
origin »
|
One of the worst things to happen to a proof-of-work cryptocurrency is a 51 percent attack. Such attacks undermine the immutability—and consequently the trust—in a blockchain. Satoshi Nakamoto summarized proof-of-work as “one-CPU-one-vote.
2018-12-10 13:20 | |
|
|
Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV).
2018-11-17 02:13 | |
|
|
Earlier in October, an ethical hacker who goes by the handle GeoCold on Twitter announced the live-streaming of a 51% attack on the alt coin Einsteinium. The plan was to gain control of the network and expose vulnerabilities that exist in conventional proof-of-work blockchains which allow for double-spending attacks.
2018-10-23 13:00 | |
|
|
According to data from EOS Authority, EOS has finally acquired the minimum votes required for its network to go live. After EOS failed to launch its platform on its projected launch date of June 2, a live-stream vote was called, where users voted “Go” to launch the blockchain network.
2018-6-15 03:10 | |
|
|
Bitcoin is still the leading proof of work blockchain and has already made massive moves over the years, with countless millionaires at the same time. However, with the price of Bitcoin having moved so much already, the upside is fairly limited, especially for crypto investors who do not have ample buying power to make a Bitcoin investment worth their while.
Dogecoin Lead Developer, Mishaboar has expressed his doubts about a possible move to a Proof of Stake (PoS) blockchain consensus. The developer has stated that the transition to a POS mechanism is not a “sensible approach” and has highlighted several issues that could develop from the change.
1,032 addresses control over 51. 2 million Litecoin (LTC) in circulation, on-chain data from BitInfoCharts on May 15. Litecoin Under Siege? Records from the “Top 100 Litecoin Rich List” show that 7,355,585 LTC in circulation worth $639,814,097 are controlled by 8.
The creator of the 'Skull of Satoshi' sculpture took to Twitter to express optimism about Bitcoin mining using green energy. The post ‘Skull of Satoshi’ Creator Turns Optimistic on Bitcoin Mining With Renewable Energy appeared first on BeInCrypto.
How have Big Tech companies laid off so many with no consequences to their operations? Because fiat incentivizes meaningless rent seeking.
The UK-based company's PEGA Pool Bitcoin mining platform is on a mission to reduce Bitcoin mining's carbon footprint to create a more sustainable and eco-friendly industry.
Bitcoin is sound money because the blockchain makes its ledger tamper-evident, while proof-of-work ensures the blockchain is tamper-proof.