Category: Technology & Security

How Bridging Blockchains Unlocks Value and Unites Crypto Tribes

How Bridging Blockchains Unlocks Value and Unites Crypto TribesInteroperability is a multisyllabic word for a multi-faceted problem. How do you get blockchains to communicate with one another? Until recently, there’s been no easy way to achieve this, leaving assets isolated and smart contract-powered dapps siloed on their respective protocols. Before crypto assets can take over the world, first they need to escape the […]

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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

Since 2011 Hackers Looted More Bitcoin Than Satoshi's Entire StashEver since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. […]

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Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs

Researchers Comb the Ethereum Chain Finding an Abundance of Weak Key PairsOn April 23, the security consulting firm Independent Security Evaluators (ISE) published a document concerning a number of unsound public and private key pairs tied to the Ethereum blockchain. The probability of chance needed to crack 256-bit encryption would take years for hackers to access random private keys. However, ISE recently queried 49,060 ETH transactions […]

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Broken Phone? Don’t Sweat It — Restore a Bitcoin Wallet in Minutes

Broken Phone? Don't Sweat it — Restore a Bitcoin Wallet in MinutesWith bitcoin ownership, it’s very important to back up your mnemonic seed phrase in order to restore your funds in case of an emergency. For instance, a device holding a wallet can be broken, get lost or stolen and the backup is the only way to retrieve the funds after these mishaps. The following is […]

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8 Useful Browser Extensions for Cryptocurrency Users

8 Useful Browser Extensions for Cryptocurrency UsersExtensions, also known as plugins, provide a one-click way to customize your web browser. From filtering out offensive words to blocking unwanted ads, there’s a browser extension for that. Cryptocurrency users have a particular need for plugins to enhance their privacy, perform crypto payments in-browser, and check market prices. Whether you use Chrome, Brave, Firefox, […]

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Wirex Introduces Global Crypto Accounts for Businesses

Wirex Crypto Business AccountsWith the beta launch of crypto and fiat-enabled business accounts, crypto payments platform Wirex has taken a major step toward mainstream business acceptance. Using a cryptocurrency business account will eliminate the need to convert to fiat unnecessarily during inter-company fund transfers, validate crypto businesses in the wider marketplace, and offer some of the benefits traditional […]

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Coinbase Reveals Its Procedure for Handling Contentious Forks

Coinbase Reveals How the Exchange Manages Contentious ForksOn Feb. 20, the San Francisco-based cryptocurrency exchange Coinbase gave the public an inside look at how the company deals with contentious forks. Coinbase engineer Breck Stodghill specifically discussed how the trading platform dealt with the Bitcoin Cash (BCH) split on November 15, 2018. Also read: ‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to […]

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Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

Drivechain Creator's Latest Paper Causes Debate About Bitcoin's Future SecurityDrivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also […]

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Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. […]

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18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’

The Lightning Network has been touted as the solution to the Bitcoin Core (BTC) network’s scalability problem for years now. Over the last few months, the Lightning Network has shown growth but there are still significant concerns about centralization, routing issues, and creating a usable mainstream-friendly interface. The ongoing joke that the network is “18 […]

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BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

BCH Devs Publish Bi-Directional Payment Concept Based on IPFSOn Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS). Also Read: A […]

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BCH-Based Openswap Client Will Feature Trustless Atomic Swaps

BCH-Based Openswap Wallet Promises Trustless Atomic SwapsOn Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion. Also read: Markets Update: Bears […]

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Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

Monitor Bitcoin Cash Development With the Coin Dance Tracking PageCryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down The […]

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BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol

Over the last couple of weeks, the Bitcoin Cash (BCH) community has been talking fervently about zero-confirmation transactions and a new pre-consensus mechanism called Avalanche. On Monday, Openbazaar developer Chris Pacia published a comprehensive description of the pre-consensus protocol that could theoretically bolster secure zero-confirmation BCH transactions. Also read: Onegold Customers Can Now Purchase Digital Bullion […]

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Vertcoin Network Suffers 300-Block Reorg Following 51% Attacks

Vertcoin Network Suffers 300-Block Reorg Following 51% AttacksVertcoin (VTC) is currently struggling with a series of 51 percent attacks and a number of blockchain reorganizations. According to recently published data, the vertcoin chain has experienced over 22 reorgs and has lost more than $100,000 due to the attacks, with the last reorg clocking in at over 300 blocks deep. Also read: US Law Enforcement Wants […]

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An Alternative Client Has Mined Bitcoin Cash Block 558847

An Alternative Client Mined Bitcoin Cash Block 558847On Saturday, Dec. 1, the Copernicus project announced the launch of its full node implementation pre-release written in the programming language Golang (Go). Following the release, the client was used to generate the first Golang version of a Bitcoin Cash block mined at height 558847. Also read: Intel Awarded a Patent for an Energy Efficient Bitcoin […]

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New Bitcoin Cash Opcode Shows an Onchain Game of Chess is Possible

New Bitcoin Cash Opcode Shows an Onchain Game of Chess is PossibleSince the recent Bitcoin Cash (BCH) upgrade, the protocol now has some newly added features like the re-enabled opcode OP_Checkdatasig. After the implementation, a few developers have been experimenting with the opcode and have developed concepts such as “spending constraints.” Moreover, in another instance, a programmer recently used the opcode to create an onchain chess game […]

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Bloxroute Joins the Block Size Debate With New Block Propagation Service

A New Block Propagation Service Called Bloxroute Joins the Block Size DebateOver the last few weeks, the Bitcoin Cash (BCH) community has been discussing how miners and nodes will handle bigger blocks in the future to encourage mass adoption. A company called Bloxroute has been coming up a lot lately, as it aims to resolve the block propagation bottleneck. Also read: Growing Number of Crypto Companies Operating […]

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BCH Upgrades: What’s New and What’s Next

It’s been two weeks since the Bitcoin Cash (BCH) hard fork that upgraded the BCH chain and resulted in a blockchain split. But although many people have been focusing on the birth of Bitcoin SV, a number of BCH proponents are already moving forward and discussing the network’s latest upgrades, as well as the next hard […]

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BCH-Powered Bitcoin Files Project Adds IPFS Support

Last October, the developers of the Bitcoin Cash-powered Bitcoin Files project launched the first iteration of its censorship-resistant file sharing software. At the time, the platform allowed users to upload files of 5kb or less to the blockchain. Now, the latest Bitcoin Files release supports the decentralized Inter-Planetary File System (IPFS), allows users to upload […]

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New Wormhole Wallet Can Create Tokens and Crowdsales in Minutes

New Wormhole Wallet Can Create Tokens and Crowdsales in MinutesOn Friday, Nov. 23, the developers behind the Wormhole project announced the launch of the Wormhole Cash wallet. The application allows users to store, send and receive BCH, WHC and any type of token created with the Wormhole software. Additionally, the new client allows users to burn BCH for WHC alongside the ability to crowdfund […]

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Follow This Branch: A Guide to Splitting BCH and BSV

Follow This Branch: A Guide to Splitting BCH and BSVSince the Bitcoin Cash (BCH) hard fork on Nov. 15 resulted in a blockchain split, many pre-fork holders are interested in finding out how to split their BCH and BSV into two separate currencies. Over the last week, a few infrastructure providers have released tools and some exchanges have offered to split the two for […]

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5 Opsec Errors That Caused Cryptocurrency Users to Lose Everything

5 Opsec Errors That Caused Cryptocurrency Users to Lose EverythingMaintaining good operational security is imperative for all web users, but it’s particularly important in the cryptocurrency space. Prying eyes are everywhere on the internet, from law enforcement to hackers and from blockchain forensics firms to data resellers. Examining the opsec errors that got several notorious bitcoiners robbed or busted yields valuable lessons we should […]

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Zero-Confirmation Forfeits: Adding Security to Unconfirmed BCH Transactions

Zero Confirmation Forfeits: Adding Security to Unconfirmed BCH TransactionsOn Nov. 20, the Bitcoin Cash developer Awemany announced the first code proposal for a concept called Zero-Confirmation Forfeits (ZCF), a protocol that adds a layer of security to zero-confirmation transactions. The ZCF mechanism allows faster payments and is designed to reduce the risks involved with double-spend attacks. Also read: Markets Update: Cryptocurrencies Shed Billions in […]

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