Bitcoin and Ethereum Classic find themselves on opposite ends of the 51% attack spectrum

2019-6-24 20:30

Every revolutionary product comes with its own fallacy. However, to its internal metrics, in order for that product to remain adherent to the principle it hopes to expound, the cryptocurrency world is no less.

Bitcoin [BTC] and other Proof-of-Work [PoW] cryptos have an in-built fallacy as well, the dreaded “51 percent attack. ” A recent study […]

The post Bitcoin and Ethereum Classic find themselves on opposite ends of the 51% attack spectrum appeared first on AMBCrypto.

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Источник: ambcrypto.com

attack bitcoin → Результатов: 126


Bitcoin Wallet Samourai Warns Users of “Dusting Attack”

On October 25, 2018, the privacy-centric cryptocurrency wallet Samourai warned users via Twitter of a new type of tracking tactic called a “dusting attack. ” Biting the Dust According to tweets, the attack is an attempt to compromise the security and privacy of Samourai users by using “coin dust” to deanonymize users and linking their transactional inputs together.

2018-10-27 18:00


Фото:

51% Attack Being Livestreamed for Educational Purposes: Exclusive Interview

On October 7, 2018, Reddit user team-periwinkle took to social media, questioning cryptocurrency users for their interest in a potential 51% attack. While attackers would not typically announce their intentions publicly, the purpose of the attack would be for education, as the entire process will be live-streamed to allow anyone interested in learning how the often purely theoretical process works.

2018-10-13 01:00


Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails

Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van.

2018-10-12 10:38


Report Links 74% of Bitcoin Mining to China, Sees Threat to Network

Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation.

2018-10-11 00:29


Фото:

Research: China has the power to destroy Bitcoin

A damning new study has suggested China holds threatening influence over Bitcoin – and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” with its “political and economic control over domestic [cryptocurrency] activity […] [and] internet infrastructure.

2018-10-8 19:07


Фото:

What Bitcoin Did Gets Technical with Crypto-Educator Jimmy Song

<iframe style="border: none" src="//html5-player. libsyn. com/embed/episode/id/7132345/height/90/theme/custom/autoplay/no/autonext/no/thumbnail/yes/preload/no/no_addthis/no/direction/backward/render-playlist/no/custom-color/87A93A/" height="90" width="100%" scrolling="no"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> On the latest episode of What Bitcoin Did, host Peter McCormack interviews Jimmy Song, a consultant in blockchain education, to take an in-depth look at a relatively recent incident in the world of cryptocurrency and use that as an example to segue into a deeper discussion on the possible trajectories of Bitcoin itself.

2018-10-6 00:05


Фото:

Data and Bitcoin-Stealing Malware Are now targeting Fortnite Gamers

Fortnite, the wildly popular video game over which schools have expressed disdain, is currently being used as an attack vector for malware disguised as cheating software. According to an October 2 post from Christopher Boyd, the lead malware intelligence analyst at Malwarebytes Labs, thousands of users have been inadvertently downloading malicious software.

2018-10-5 05:00


[Newsflash Update]: Bitcoin Network Bug Leaves BTC Blockchain Particularly Vulnerable Still

Last week, the Bitcoin Core team came out with a brand-new update to its client which was supposed to address a major vulnerability on the chain. The vulnerability made it easy for hackers to execute a “denial of service” attack on the network, which could be a potentially devastating security problem. But in many ways, […]

2018-9-28 08:58


Фото:

Town In Canada Meets Hackers Demands With Bitcoin Ransom

In the Ontario province of Canada, holds the town of Midland which has a population of more than 16,000 people and has recently had its computer systems hacked and infected with ransom malware. The town of Midland has come to conclusion that they are going to meet the hackers wants and pay them (as per their demands) in Bitcoin, in order to get the computer system up and running again.

2018-9-12 13:00


Фото:

‘Real Risk’: Blockstream Exec Warns Over Bitcoin Cash 51 Percent Attack

Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.   Feathercoin? Is That You? In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.

2018-9-4 16:00


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