Bitcoin Cash Miners Undo Attacker’s Transactions With ‘51% Attack’

Two bitcoin cash (BCH) mining pools recently carried out what is known as a 51 percent attack on the blockchain in an apparent effort to reverse another miner’s transactions. The move is tied to the bitcoin cash network hard fork that occurred on May 15. The two mining pools — BTC.com and BTC.top — carried out […]

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Blockchain Project Thundercore Releases Code for ‘Pala’ Consensus Protocol

Public blockchain platform provider ThunderCore has just released proof-of-concept code for a new consensus protocol, dubbed Pala, on GitHub. According to Elaine Shi, chief scientist for ThunderCore, the work represents “a dream consensus protocol.” As stated on the newly released GitHub page: “Pala is a byzantine fault tolerant consensus protocol…It can achieve low latency and […]

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Privacy Crypto Monero Celebrates Its 5th Birthday

One of the most popular cryptocurrencies for privacy protection, monero, celebrated five years of existence this week. Launched in April 2014, monero has, since its inception, been entirely crowdfunded. And in tune with this decentralized, grassroots structure, monero is almost entirely developed by volunteers. “Monero is very committed to its decentralized, grassroots structure meaning we took […]

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MakerDAO Votes to Increase Fees 4% on Ethereum Stablecoin DAI

MakerDAO token holders have again voted to increase fees charged to those taking out programmatic loans on the blockchain through its U.S. dollar-backed ethereum stablecoin DAI. The fourth and largest fee hike to the DAI “Stability Fee,” users who take out loans with MakerDAO to generate new DAI will soon be required to pay a […]

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Crypto Startup Wants You to Trade on Exchanges Without Trusting Them

A new protocol aims to allow crypto users to maintain control of their private keys while trading on centralized exchanges. Arwen, a startup formerly known as Commonwealth Crypto, launched a testnet version of its namesake protocol Monday. CEO Sharon Goldberg described it as “a layer-two protocol specifically for trading.” In other words, trades will take […]

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Privacy Cryptocurrency Beam Experiences Blockchain Stoppage

Update (14:04 UTC, Jan. 21 2019): Beam has now announced: “The fix was commited on Github. We will be performing additional testing. We will release the binaries in the coming hours. Thanks for your patience.” Its GutHub page puts the error down to a bug involving “improper block generation upon cut-through of old-new UTXOs.” — […]

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Ethereum Classic’s Price Stumbles Amid Suspected 51% Attack

The price of ethereum classic (ETC) is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites. At press time, ETC is trading at an average price of $5.01 – down more than 7.5 percent in the past 24 hours, according to data from CoinMarketCap. ETC had fallen to […]

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