Double Spending – DIGIT INFO

Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate

DIGIT — Tue, 15 Feb 2022 18:19:44 +0000

The sharp increase in MineXMR’s mining hash rate in the past few months has led some XMR enthusiasts to suspect ulterior motives.

Go to Source

$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network

DIGIT — Thu, 06 Aug 2020 17:00:40 +0000

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire the hash power for the attack. The […]

The post $5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network appeared first on Bitcoin News.

Go to Source

Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends

DIGIT — Sun, 26 Jan 2020 19:30:01 +0000

The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million […]

The post Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends appeared first on Bitcoin News.

Go to Source

Android Tool Lets You Check Crypto Payment Apps for Double-Spends

DIGIT — Sun, 13 Oct 2019 20:48:37 +0000

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.

Go to Source

Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money

DIGIT — Wed, 31 Oct 2018 18:00:40 +0000

On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of […]

The post Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money appeared first on Bitcoin News.

Go to Source

Wendy McElroy: Free-Market Law Enforcement for Crypto

DIGIT — Sat, 11 Aug 2018 15:00:28 +0000

The Satoshi Revolution: A Revolution of Rising Expectations. Section 4: State Versus Society Chapter 9, Part 6 Government is a law factory. It passes laws in the same manner that another type of factory extrudes metal molding…But, whereas a factory which extrudes metal molding is providing a product which is useful to the citizens generally, […]

The post Wendy McElroy: Free-Market Law Enforcement for Crypto appeared first on Bitcoin News.

Go to Source

Someone Just Spent $2,000 On a $1,000 Gift Card Trying to “Double Spend” BCH

DIGIT — Sun, 18 Mar 2018 21:55:30 +0000

It is a common practice nowadays for online ventures to invite white hat hackers to attack their systems via security challenges or cyber bug hunts. Companies usually do this to learn what vulnerabilities they might have and improve, or to show their confidence in their existing defense capabilities. The method can also be used to […]

The post Someone Just Spent $2,000 On a $1,000 Gift Card Trying to “Double Spend” BCH appeared first on Bitcoin News.

Go to Source