A report that describes the potentially quite dangerous altcoin DDosCoin, has recently been published. This coins uses a principle similar to Proof-of-Work – “proof-of-DDoD” for coin mining, so miners must actually participate in DDoS-attacks on a specific webserver target.
Pharmaceutical counterfeiting is an age old vice, that seems to defy traditional methods of curbing it due to several factors involved. Using the Blockchain to stop the creation of fake drugs is clearly not an easy process, but it is achievable.
The fundamental feature of the Bitcoin blockchain is “Proof of Work”, however there exist within the ecosystem several creations which have been described as Blockchains. Are these creations really what they are called? Is it possible that 90% of Blockchain projects utilise a fake “Blockchain”?
Today the Blockchain technology in not just a distributed ledger Bitcoin transactions are based on, but a cutting-edge technology that becomes widely used by ambitious startups, giant software companies, major world banks and even governments. Just as decades ago the Internet came to change our ordinary lifestyles, the Blockchain may change the future.
August 3, 2016 Bitfinex reveals 119,756 Bitcoins have been stolen from the exchange customers’ accounts. The compromise is limited to Bitcoins. Altcoin balances traded on Bitfinex are unaffected. Trading, withdrawals, and deposits are still frozen.
July 29, Ethereum Classic is actively trading on leading cryptocurrency exchanges under the ticker: ETC. Support for the pre-forked Ethereum network demonstrates that the community is visibly divided over the DAO hard-fork. The emergence of ETC is causing controversy among exchanges that support ETH (hard-fork) trading but not yet ETC (non-forked) trading.