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The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly solved the difficult task, but a growing ecosystem […]
The post Android Tool Lets You Check Crypto Payment Apps for Double-Spends appeared first on Bitcoin News.
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Software developer Awemany has published a potential alternative approach to instant transactions on the Bitcoin Cash (BCH) network called “delta blocks” or Storm. The idea utilizes weak proof-of-work (PoW) for instant confirmations on Bitcoin Cash. The new Storm concept has piqued the interest of many BCH proponents who are eager to solve the instant or […]
The post New Storm Concept Could Strengthen Bitcoin Cash Instant Transactions appeared first on Bitcoin News.
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There’s never a dull day in crypto. It’s soap opera for geeks who are too busy to do soap opera. Whether you’re a BUIDLER or HODLER, The Daily delivers the latest drama from the cryptocurrency world in less time than it takes to solve the captcha and log in to your favorite exchange. Today’s edition […]
The post The Daily: Bitcoin Burns Critics, Bill Clinton Does Blockchain appeared first on Bitcoin News.
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Bitcoin Cash proponents are celebrating the year anniversary of ‘Bitcoin Independence Day’ on August 1st and now into the weekend. Over the past week, quite a few bitcoiners have noticed there’s been a lot of developments, announcements, and commemorative parties within the BCH space. Also read: High Times Becomes the First IPO to Accept Cryptocurrencies Bitcoin […]
The post BCH Roundup: More Developments, 687K Transactions, and Rebirth Parties appeared first on Bitcoin News.
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Canada’s Central Bank (BOC) released a working paper this month, Incentive Compatibility on the Blockchain. In it, BOC seems to argue the world’s most popular cryptocurrency, Bitcoin, is safe from a 51% attack, double spend scenario through the right incentive structure and proof of work (POW). Also read: Coinbase Flexes Muscle, Creates Political Action Committee […]
The post Canada Central Bank: Bitcoin Safe From 51% Attack, Double Spending appeared first on Bitcoin News.
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Over the past few weeks, the Bitcoin Cash (BCH) community has been discussing the subject of merchants accepting zero confirmation BCH transactions. Lots of BCH merchants have been accepting zero confirms lately as well, making the discussion topical again as it was a few years ago. Also read: Russian Railways Eyes Crypto for Tickets, Blockchain […]
The post Bitcoin Cash Community Embraces Zero Confirmation Transactions appeared first on Bitcoin News.
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If you thought that only proof of work coins were susceptible to double spending attacks, you haven’t met tether. The world’s ninth largest crypto by market cap and second largest by volume is meant to be a haven in a sea of uncertainty, but even it’s not immune to jiggery-pokery, as we’ll learn in today’s […]
The post Bitcoin in Brief: Exchanges Expanding, Brave Adds Tor, Tether Double Spent appeared first on Bitcoin News.
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In today’s Bitcoin in Brief – Zencash has lost $550,000 in two double-spend transactions following a 51% attack on the network. Developers have taken measures to increase the difficulty of future attacks. The event-ticketing platform Ticketfly is also trying to recover from a hijack. 26 million accounts have been reportedly compromised by a hacker who […]
The post Bitcoin in Brief Monday: Zencash Targeted in 51% Attack, Ticketfly Hijacked for Ransom appeared first on Bitcoin News.
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It appears Bitcoin Gold (BTG) has been double spend attacked over and over again, totalling something in the neighborhood of $18 million at current prices. BTG forums seem to have been tracking the hack, going as far back as last week, monitoring the controversial coin’s hashrate, ultimately determining a 51% attack was under way. Also […]
The post Bitcoin Gold Hacked for $18 Million appeared first on Bitcoin News.
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Earlier this week the Chinese exchange Bitasia announced it started accepting zero-confirmation transactions for bitcoin cash (BCH) for instant trading. The trading platform is one of the first exchanges to enable zero-confirmation transactions so traders can use the platform as quickly as possible. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining Chinese Exchange […]
The post Chinese Exchange Bitasia Now Supports 0-Confirmation BCH Transactions appeared first on Bitcoin News.
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