Definitely not a Scam: more than 50 percent Hasrat Bitcoin Cash controls one pool

The centralization of Bitcoin Cash has reached a new level — now half Hasrat cryptocurrency controls only one pool. According to experts CoinDance, mining pool BTC.TOP today responsible for 50.2 per cent Hasrat BCH. Its total capacity is 679 peachesa per second. BTC.TOP shares money with BTC.COM (257 of peachesa), ViaBTC (215 peachesa), AntPool (125 peachesa) and Bitcoin.com (187 peachesa).

Centralization as it is

Today the main topic of discussion in the Bitcoin community Cash is a high probability of an attack 51. Earlier cryptocurrency Roger Faith have not once criticized for being too centralized. The project has not passed the “stress test” an anonymous developer under the name Bitpico. The programmer found out that 98 percent of all the BCH node connected to one server, which could lead to a potential break-in.

The Central aspect of any decentralized blockchain is the ability to withstand pressure on the system and to prevent the intervention of any centralized organization. Attack 51 itself carries a great danger for the cryptocurrency, as it can totally destroy any project.

Recall another fork of Bitcoin Bitcoin Gold has suffered from the attack. 51 in 2018. Hackers for several days to re-spend coins BTG and the total amount stolen $ 18 million.

In some cases crossing the 50 percent barrier may occur unintentionally. In 2014, the GHash pool.io has “captured” more than half Hasrat Bitcoin. After a wave of disturbances in cryptocommunist the pool management decided to reduce their capacity so as not to undermine a lucrative business.

BTC.TOP can go on the same way. If a large miner will agree to reallocate processing power within the network of cryptocurrency, it will increase investor confidence in Bitcoin Cash. Otherwise, the BCH may be endangered.

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Tron vs EOS: who has more users?

Founder of Tron, Justin San said in his Twitter about the next achievement of your project. This time we are talking about number of accounts in comparison with one of the competitors TRON – blockchain project EOS.

According to the services trxplorer.io and eosflare.io, which shows the number of accounts in the network and EOS, respectively, TRON, TRON ahead of its competitor by nearly 2000.

Justin San actively engaged in the project and there is more “PR”. Investors Tron in this is not inferior to the founder of the project. For example, when the service transfers TRON on Twitter and Telegram, investors TRON was recorded Kanye West and the Pope.

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Banks consume three times more electricity than the bitcoin network

The power consumption of the bitcoin network has become quite a hot topic lately, especially among the opponents of cryptocurrencies.

According to the researcher’s energy problems at the University of Pittsburgh Katrina Kelly-Pete, a discussion about the energy consumption of the bitcoin network is moving in the wrong direction.

Kelly-Pete says that all who talk about this issue do not understand the foundations of systems of renewable energy sources:

Electricity production can increase in scale, while maintaining minimal impact on the environment. Instead of focusing on how much energy is used in the bitcoin network, the discussion should focus around what is the source of this energy.

Kelly Pete did not contest a huge amount of electricity needed for the bitcoin network, but also notes that the entire banking system consumes “about 100 terawatts”, and it is three times more than the bitcoin network.

Even if the size of the cryptocurrency market will grow to 100 times, the total power consumption does not grow more than 2 percent of total energy consumption.

According to Kelly-Pete, the focus should be aimed at reduction of environmental damage in the production of electricity for the bitcoin network.

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More than 1,000 cryptocurrency projects are “dead”

According to TechCrunch, more than a thousand cryptocurrency projects “already dead” as of June 30, 2018. TechCrunch made a similar statement based on data from two sites: Coinopsy and DeadCoins.

Coinopsy provides data on a large number of cryptocurrencies, including those that are already “dead”. The website defines a token as “dead” if it happened at least one of the following events: “the site is not supported, the network is not active gcd, the problem with the wallets, no updates in social networks, low trading volume, the developers have left the project”.

According to Coinopsy, at the moment there are 247 of “dead” coins. These include the notorious Bitconnect, which was closed in January 2018, and which the site describes as “the most successful fraudulent project in cryptography”.

On the website DeadCoins a list of dead cryptocurrencies are much longer – it 830 points. Among them is the recent ICO Titanium Blockchain Infrastructure Services, which has been closed by the Commission on securities and exchange Commission (SEC) for fraud.

According to a press release by the SEC, Titanium drew $ 21 million from investors from the U.S. and other countries. In his statement, SEC warns investors about ICO as extremely risky type of investment:

We have several cases related to fraud during the ICO. We again urge investors to exercise extreme caution when investing in such projects.

Since the beginning of the year 537 ICO, totaling over 13.7 billion dollars. For comparison, in 2017 was carried out in total 552 ICO, and the volume was just over $ 7 billion. According to TechCrunch, fraudulent and dead ICO in 2017 gathered $ 1 billion.

See also – the Number of ICO in 2018 already twice exceeded indicators of last year

21 Jun CEO of Nasdaq adena Friedman said that the ICO are “serious risks” for retail investors, arguing that the projects that are raising money so the “almost no control”.

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More than 50% zcash for extract only three

Since early June, ASIC miners are actively increasing their power in the network zcash for. Thus, the share of previously dominant Flypool fell sharply to 29%, and three anonymous address extract more than 50% of the blocks. This was reported by representatives of Altpool.pro.

As noted by the members of the pool, all three addresses belong to Bitmain, which, thus, tries to hide the full centralization of mining.

t1MwHFWMAJMtRywJXhDWDejUyfvvcQQDdgu

t1XMMxTtZtSyQBEH8MgN6Lcc5rfKMDA4xt4

t1fjzvQoumv4cMMdWGJwgtQZnwFQ7R6p77c

A few days ago to the list of the leading miners and added the address:

t1KeWyw4XGk8PkarXPm6ZVHHmWMp3BRpago

According To Altpool.pro, computing power Bitmain network zcash for already more than 310 MSol/s.

Moreover, in just one day, the share of Chinese f2pool has increased by more than 100% (from 35 to 88 MSol/s), and at the moment is almost 100 MSol/s. It is assumed that Bitmain have provided the inflow of 53 MSol/s in f2pool, which without any explanation or apparent reason, began to hide his Hasrat schedule.

It is important to note that the miners are actively leaving Flypool due to the high volatility of the complexity and diminishing returns.

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On ZenCash carried out a successful attack 51% . Losses totaled more than 500 thousand U.S. dollars

ZenCash is a cryptocurrency based on Proof of Work that works on the popular algorithm Equihash.

Equihash is used by several other popular currencies, primarily zcash for, which means that the overall hash rate Equihash that can be used in different networks is large enough. ZEN is a fork of ZClassic, which was launched at the end of may 2017, and which in turn is based on the zcash for.

June 2 in the network ZenCash there was a successful attack 51%, when one party controlled 51% of the hash rate of the network. This allowed the attacker several times to rewrite the blockchain, the greatest change amounted to 38 units. According to the team, the attacker was also able to re-make two large transactions at 13.000 6.600 and ZEN, the total of which amounted to more than 550,000 USD. The operators of mining pools informed the team ZenCash about the attack, and exchangers, in turn, has increased the number of confirmations required for the transaction.

Read also – How real attack 51% on Litecoin?

The attacker was able to cancel the transaction, but the fate of the original transaction is still unclear. If they had gone to the exchange and was there exchanged for some other currencies, in fact the striker is a regular bandit. All the attackers managed to write 110 blocks, and the duration of the attack was a little less than 4 hours. According to 51Crypto, these attacks cost the attackers at $ 30,000.

This is the fourth major attack 51%, which occurred over the past few months. Earlier the attack Bitcoin and Gold Verge.

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Request Network together with MakerDAO will make the cryptocurrency market more stable

The team also Request Network believes that in order to achieve some success in the cryptocurrency needs to become stable. That is why the team decided to combine their efforts with MakerDAO.

MakerDao is a decentralized Autonomous organization, and the cryptocurrency which it produces are tied to the U.S. dollar. It works on the Ethereum blockchain. The coin is called Dai, its cost is equal to $ 1. Stability is maintained by an Autonomous system of smart contracts.

Through this partnership financial DApps (decentralized applications), built on the basis of the Request Network can use the Dai to ensure price stability against the US dollar. Dai will be one of the first five ERC20 tokens that are supported in the Request Network. Support functionality ERC20 will be attached to the main chain of the project later this month.

Command Request Network believes that:

Team Maker is ideal for partnerships because their vision coincides with ours. Providing developers with the possibility of using Dai in their products ensures that the next generation of financial apps will provide stability for sellers and businesses that use the blockchain technology. Using a stable coin Dai as payment in Request Network, you will not have to worry about the volatility of the cryptocurrency on the market.

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5 more companies in the field of payment services are planning to begin using xVia from Ripple

According to the company Ripple five companies in the field of payment services from Europe and Asia are going to start to use the technology xVia from Ripple.

Among the new clients of the company entered FairFX, RationalFX and Exchange4Free, based in the UK, and in addition they platform currency exchange MoneyMatch from Malaysia and UniPay company from Georgia.

Senior Vice President, Ripple Ashish Birla said that the use of technology Ripple xVia will help these companies to expand their customer base:

All of these customers are faced with the same problem: connect and work with banks and payment networks around the world, it is expensive and time consuming. xVia allows them to increase their market share, and provide access to new customers in new markets.

In his blog, Ripple recalled that, unlike the traditional international wire transfers, like Bank transfers, standard API solution xVia works flawlessly and does not require manual reconciliations.

See also Forecast the price of Ripple to 2018 (updated version)

Chief commercial officer FairFX James Hickman said that xVia “will allow us to attract more customers, more efficiently and with less”:

It will also allow us to perform our obligations are to provide clients with the most transparent, effective and truly global system of remittances.

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Break the pattern: German cryptocurrency project, which drew $ 50 million, pretended to be a Scam to attract more investment

18 APR Frankfurt startup Savedroid popular, which grossed over $ 50 million investment just disappeared with the money collected during the ICO. CEO and founder of the project and Yassin Hanker after arisen among investors panic, have issued the following tweet:

“Thank you all! The end… #savedroidIC”

Savedroid German ICO, collecting money from February 9 to March 9, 2018. The description reads: “the Ecosystem of crypto-savings for everyone.”

Savedroid promised to develop a service for portfolio investments in the cryptocurrency, which enables even inexperienced traders to successfully invest. It was also stated on the release card to output tokens and pay for the goods.

The project pages in social networks were available, however, the new publications were not. The project site showed a meme from South Park: “IIiii… he’s gone!”

Runaway businessman on communication did not leave. Almost every user of cryptocurrency, decided that such a promising and ambitious project was the most common fraud. Especially all struck by the arrogance of the organizer, who shamelessly showed investors a selfie from the airport as well as the sea.

Was organized by the “search expedition”, for example, representatives of the blog Cryptobriefing claimed that they were able to track the location of a cheater for the above tweet. The combination of Egyptian beer and the background in the photo pointed to the fact that it is located on the red sea coast, Movenpick resort in the Egyptian El Quseir. The authors of the blog to an aggressive form called to track and capture the criminal. About the project wrote CCN, Finance Magnate, Cryptovest, Crowdfund Insider, Bloomberg. Perhaps the hype over Hanker can be compared only with references to Vitalik Buterin and Charlie Lee.

But a day later the situation has changed dramatically. Yassin Hanker he made contact with a loud statement that his escape is a prank and a way to show investors how the scope of the ICO needs to change. The changes that Savedroid can realize with the help of their new services.

The first service is as simple to use, and most importantly — free, a list of items that will allow “just a few minutes to evaluate any ICO to make an informed investment decision”. The second product is already paid and intended for the organizers of the ICO. The service will allow them to design a campaign that corresponds to antisamos policy.

This method of promotion of new services have caused anger cryptocurrency community that it is not momentary prilnula to bring down on the heads of Ancira and his team:

“What a horrible idea! Do you know what experiences your trick was worth to investors? And now you’re going to give advice on the ICO”.

“What you did was unethical, immoral and absolutely disgusting. You robbed people enough time. People donated money to those who said that went bankrupt because of your project. Your so-called “lesson” was ill-conceived and will cause the petition to remove you from the position of CEO!”

In his video on YouTube and Yassin Hanker explained that just wanted to show investors how easy it is ICO-startup to hide their money. According to him, the current situation threatens the future success of cryptocurrency startups and requires actions. Savedroid willing to share their knowledge with regulators and authorities to change things for the better, says Hunker.

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Mastercard hires more blockchain developers

Mastercard announced on Thursday that it has hired 175 new developers , including experts in blockchain technology.

New developers will join the team Mastercard in Leopardstown, Ireland, where the headquarters of Mastercard Labs. They will be involved to create more efficient payment systems.

Sonia Gilan, Manager of Mastercard in Ireland, said that the company is working to expand access to financial services.

The projects on which we work, promote financial integration in the country and abroad. Their goal is to provide consumers, businesses and governments to the most innovative and secure payment methods.

This is a significant step forward in the direction of blockchain developments in this company.

In 2016, the company has released a set of experimental APIs based on blockchain technology, the purpose of which was “to give developers the opportunity to work on new technologies that have not yet been commercialized”. In October last year, the firm announced that it will use these developments to increase the speed of making payments.

Mastercard also works extensively in the patent field in the region blockchain.

In September last year, the company filed a patent for the blockchain system, which describes how to work with “orders, invoices and transactions.” Two months later, Mastercard filed a further patent application in which the blockchain is used to increase the speed of transaction.

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