Yet another ethereum scaling solution is launching a test network. Announced Friday, Liquidity.Network is officially joining Raiden Network as the latest ethereum project to attempt to move transactions off the world's second most valuable blockchain and into payment channels, in turn, allowing the network to support greater adoption and use. Similar to bitcoin's better-known Lightning Network, Liquidity.Network aims to enable ethereum users to transact back and forth, without having to pay the cost of moving coins on the blockchain itself. In short, users pay to start channels and to close channels, not for what happens in between. But while Raiden is the furthest along in its development of the concept, it's still yet to go live, and with ethereum nearing capacity at times, today's n
EnlargeArmin Kübelbeck reader comments 68 Share this story Developers of Ethereum, the world's No. 2 digital currency by market capitalization, have closed a serious security hole that allowed virtually anyone with an Internet connection to manipulate individual users' access to the publicly accessible ledger. So-called eclipse attacks work by preventing a cryptocurrency user from connecting to honest peers. Attacker-controlled peers then feed the target a manipulated version of the blockchain the entire currency community relies on to reconcile transactions and enforce contractual obligations. Eclipse attacks can be used to trick targets into paying for a good or service more than once and to co-opt the target's computing power to manipulate algori
[unable to retrieve full-text content]Litecoin Falls Close To 20% As Cryptos Retreat ForbesFull coverage Source link
Key Highlights ETH price is trading above the $780 support, but with a negative bias against the US Dollar. There is a major bearish trend line forming with resistance at $850 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair should break the $850 resistance and the 100 simple moving average (4-hour) for more gains. Ethereum price is facing a tough challenge against the US Dollar and Bitcoin. ETH/USD has to gain pace above $850 to continue moving higher. There was a slow and steady rise in ETH price this past week above $800 against the US Dollar. However, there was no upside break above the $900 resistance. Later, the price started a minor downside move towards $800 and kept forming lower low. More importantly, the price remained below the $900 pivot level and the 100...
[unable to retrieve full-text content]Litecoin Bounces Back After Turbulent Week ForbesFull coverage Source link
In the time it takes you to read this sentence, $850 will have been lost to cryptocurrency scams. In the time it takes to complete this article, that figure will have risen to $17,000. Phishing; fraud; theft; hacking; it’s all rife. In the first two months of 2018, there were 22 separate scams involving thefts of $400,000 or more. Put it all together and that equates to an average of $9.1 million a day. Oh, and that doesn’t include 2018’s outliers – Coincheck, Bitconnect, and Bitgrail. Otherwise, the total would actually stand at $23 million a day. Also read: 132 Customers File Class Action Lawsuit Against Coincheck There’s a Scammer Born Every Minute Welcome to 2018, where $1.36 billion has already been stolen by cryptocurrency scammers, and we’re only 59 days into the year. Even when
A scan of nearly one million Ethereum smart contracts has identified 34,200 vulnerable contracts that can be exploited to steal Ether, and even freeze or delete assets in contracts the attackers don't own. For the average user not familiar with the world of cryptocurrencies, smart contracts are a set of coded operations that get executed automatically when someone sends an input to the contract. Here's a basic example of how a smart contract can look like: Consider an Ethereum smart contract that is used to auction off a digital [object]. The contract has variable "x" that counts the number of bids made on the [object]. The owner may want to prolong the bidding on the object and might set up a contract condition of "x>100" before allowing the object to be sold to the highest bidder....
[unable to retrieve full-text content]The Creator Of Litecoin Sends A Warning About Litecoin Cash ForbesLitecoin Price Outperforms But Nears Key Resistance CoindeskLitePay Is Launching Today, But What Does That Actually Mean? InverseGitHub - litecoin-project/litecoin: Litecoin source tree GitHubFull coverage Source link
Ripple (XRP) – The dog that keeps on fighting. The cryptocurrency market has seen its share of rises and falls in the last few weeks. From soaring highs to a major crash one month ago where cryptocurrencies lost $200 billion across the board. The crash was caused by fears that South Korea could ban altcoin trading. While major altcoins plummeted by as much as 45%, one cryptocurrency held its ground. Ripple trades by the symbol XRP and can be regarded as one of the most resilient altcoins today. During the massive crash, Ripple only dropped in value by 9% to $0.91. As such, investors who had large amounts of this cryptocurrency in their portfolios did not bear a heavy loss. As a matter of fact, they will be laughing all the way to the bank now. The cryptocurrency has received major backi
The upswing has continued during this morning’s Asian trading session and the majority of altcoins are in the green, some a lot more than others. Bitcoin continues to march upwards, gaining another 6% on the day and eating away at all of the altcoins. There is always one in the top 25 though showing stronger gains than the rest and this cryptocurrency has been featured before, it is OmiseGO. According to Coinmarketcap OMG is up 15% today from the same time yesterday, it is currently trading at $20.55 from $17.80 24 hours ago. It has made solid gains over the past seven days of 18% and is still trending upwards. OmiseGO has been one of the top performing cryptocurrencies during the month of February when most others have lost value. During the big early January spike it reached a peak of