Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth […]

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Why Use Blockchain Technology? – Bitcoinist.com

Why use blockchain technology? While there are certainly a lot of advantages to a distributed ledger, it may not be applicable to all companies or individuals–not yet, at least. The second question people usually ask when they hear about blockchain is–why use blockchain? Why use a distributed ledger? Why not use a regular database or […]

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Bitcoin 51% Attack is Unrealistic, New Study Concludes

A Bitcoin 51% attack would be futile for attackers as it would require “significant expenditure” and “little financial returns,” according to a new study, which concluded that Bitcoin is secure. Bitcoin 51% Attack Requires ‘Significant Expenditure’ Professor Saravanan Vijayakumaran, an Associate Professor of the Department of Electrical Engineering at the Indian Institute of Technology (IIT) Bombay […]

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Blockchain Technology Will Be ‘Obsolete,’ Says Prominent Geopolitical Forecaster

Adam James · June 17, 2018 · 10:00 am George Friedman, a well-respected Hungarian-born U.S. geopolitical forecaster and strategist on international affairs, believes blockchain technology will eventually become “obsolete” — and he may be right. ‘It’ll be Obsolete’ Geopolitical forecaster George Friedman thinks the blockchain’s days are numbered. Friedman explained his view of Bitcoin’s underlying technology […]

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51% Percent Attacks: Hacking a $2 Billion Dollar Cryptocurrency for Less Than $1.5 Million

Matthew Hrones · May 27, 2018 · 7:00 am Some PoW currencies are using the same mining algorithms as their larger counterparts, making it much easier to hack the smaller networks with a 51% attack. Network Security Blockchain technology is revered as being a completely secure system, but that isn’t necessarily the case. The tech […]

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