Verge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen […]
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This weekend marks a milestone for bitcoin as 80 percent of the currency has now been mined into circulation, this means there’s only 20 percent left to mine. Satoshi Nakamoto’s protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain. Also read: How to […]
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The price of bitcoin has crossed the $9,000 USD zone across global exchanges on November 26, 2017, at approximately 10:40 am EDT. Earlier this year, bitcoin’s meteoric price rise had crushed those who believed it would tank when it passed $2K, and has continued to exceed some of the more modest expectations. See also: New Trading […]
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The bitcoin fork on August 1, which produced the cryptocurrency and network Bitcoin Cash (BCH), turns one month old today Friday. The digital currency’s market value is lower than last week and the network’s hashrate has dropped considerably, as it is currently more profitable to mine the legacy chain. Also Read: Now Bitcore Nodes Can Switch […]
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At Bitcoin.com we’re very passionate about the decentralized economy and everything tethered to the evolving Bitcoin ecosystem. In order to provide more Bitcoin resources, we’ve just added a new chart and data analysis section to our web portal called charts.Bitcoin.com. The charts section is aimed to give both veterans and new enthusiasts a glance at […]
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The Bitcoin Cash (BCH) network is almost a month old and seemingly growing stronger as the days continue. As of August 22, the BCH chain is longer than BTC’s blockchain by 959 blocks, while also capturing the most hashrate that day for a short period of time. Also read: SEC Suspends Trading of Bitcoin Firm’s Shares […]
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Bitcoin mining has grown into a vast economy over the past few years as large ASIC-powered mining farms process transactions for the $32 billion dollar market. In the early days, people could mine bitcoins using their central processing units (CPU) and they still can, but the undertaking is extremely inefficient. However, a few people still
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