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On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen, and grin have seen significant gains as […]Powered by WPeMatico
The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait for “extra confirmations on transactions for payment finality.” On […]
The post Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate appeared first on Bitcoin News.
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An unknown mining group currently controls more than half of the Grin blockchain’s hashing power.
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Advances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community and its cypherpunk ancestors. According to Coin Metrics, transactions of privacy-focused cryptocurrencies zcash (ZEC), monero (XMR), and grin only add up to 6% of bitcoin’s transactions. Zcash’s privacy feature is significantly underutilized, with less than 2% of transactions fully […]
The post Privacy Options Underutilized in Cryptocurrency Usage: Report appeared first on Bitcoin News.
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Former core Grin developer Gary Yu mined $118 worth of GRIN cryptocurrency in less than 24 hours with a Grin ASIC mining device.
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The Litecoin Project began implementing MimbleWimble last year to bolster Litcoin’s privacy capabilities
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There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash all set to […]
The post Beam, BCH and Zcash Will Join BTC in Halving Their Mining Rewards appeared first on Bitcoin News.
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A lot of cryptocurrency enthusiasts have high hopes for the MimbleWimble protocol. It would unlock additional privacy features, not just for Grin, but other coins implementing this technology in the future. In a recent post by Ivan Gobatyy, however, it becomes apparent there are some key flaws associated with the privacy aspect of this technology. MimbleWimble has a Privacy Problem He explains how it is possible to uncover the addresses of senders and recipients of the Grin currency in real-time. What is even more astounding is how it would only cost $60 per week through Amazon Web Services to obtain
The post MimbleWimble is not the Secure Privacy Implementation you Think it is appeared first on The Merkle Hash.
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Satoshi smoke and mirrors clouds a new, anonymous 50 Bitcoin donation to privacy coin Grin’s general fund
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Pseudonymous Grin founder Ignotus Peverell has stepped away from the project, reassuring the privacy coin’s community that it is in “safe hands.” The move has sparked inevitable Satoshi Nakamoto comparisons. Bitcoin’s pseudonymous creator used almost identical language eight years ago, writing in an email that “I’ve moved on to other things,” before adding “It’s in […]
The post Satoshi Comparisons Surface After Grin Founder Exits in Similar Circumstances appeared first on Bitcoin News.
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