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Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network
23.1.2021
The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack. Firo Team Clarified the Attack Cannot Be Attributed...
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...
Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate
14.1.2021
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents...
Valid Points: Forget Staking, There Are Still Coins to Be Mined on PoW Ethereum
23.12.2020
Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0
Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In
21.12.2020
The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine...
Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs
3.12.2020
While the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along...
OECD calls out countries for their inconsistent rules on crypto taxation
14.10.2020
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets
POW
30.9.2020
As a connoisseur of web trickery, this is a must share:
POW stands for Packaged Offline/online Webpage. It turns out the png format includes ways to save metadata alongside the image file. A powfile has a metadata entry that contains a zip file that contains a full website.
So a PNG file...
Energy Web Is Starting With Ripple in Its Bid to Make Crypto Provably Green
30.9.2020
The non-profit is teaming up with Ripple and the XRP Foundation to show how blockchain ecosystems can be carbon-neutral
Fight fire with fire: MIT scholar suggests ETC counters 51% attacks
15.9.2020
Game theory suggests ways for Ethereum Classic to deter double-spend assaults, say MIT researchers
Understanding Directed Acyclic Graphs in the Blockchain Landscape
13.8.2020
DAGs present an encouraging approach, aimed to improve the existing speed, scalability and cost issues of blockchain technology
Cryptocurrency Mining Profitability in 2020: Is It Possible?
9.8.2020
In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years
Over 90% of Ether Supply Is Now in 'State of Profit,' Says Glassnode
4.8.2020
Glassnode states that over 90% of the Ether token supply was bought at a lower price than that at which it's currently trading
Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem
3.8.2020
In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often...
Gaming Industry Use of Blockchain May Lead to Mass Adoption
26.7.2020
Blockchain technology has the potential to create a new era of gaming and drive true adoption in the industry
Why Interoperability Is the Key to Future Innovation and Adoption
23.7.2020
Blockchain interoperability has a big goal: to empower developers to choose what’s right for their application, not what is right for the platform they’re locked into
MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious
9.7.2020
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious
Avalanche Launch Fumbles: ‘A Highly-Sophisticated DDoS Attack Derailed Token Sale’
9.7.2020
On July 8, 2020, some members of the cryptocurrency community were prepared to leverage the AVA Labs Avalanche (AVAX) token sale, in order to acquire some of the highly anticipated coin on Wednesday. However, due to “record-breaking demand” and a “highly-sophisticated DDOS...
JPMorgan’s Blockchain Offshoot Kadena Gets First Ever Token Listing
25.6.2020
Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether
Beam to Make Its First Move Towards Private DeFi With June 2020 Hard Fork
24.6.2020
Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering