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Understanding the Significance of Bitcoin’s First Halving in 2012 How Increased Hash Rate Fortifies Bitcoin’s Security The Bitcoin Limit: Why Only 21 Million Coins Will Ever Exist The Risk of Bitcoin Theft: Understanding Private Key Compromise Bitcoin’s Smart Contract Capabilities: Limited Yet Functional Compared to Ethereum

DASH — How Crypto Should Be – OnePageX – Medium

DASH — How Crypto Should Be – OnePageX – Medium

In doing so we found that DASH is breaking a lot of new ground every single week! The thing that struck as as most impressive is their continuous community updates. We believe this gives DASH a huge advantage as they keep their community involved.

From their constant involvement in Valenzuela to their continuously expanding merchant user base and media attention in Japan, the DASH team never rests in bringing about mainstream adoption.

The reason we believe this is an important factor in the success of DASH, and crypto in general is that it connects with the average person. Blockchain is still in somewhat early stages of adoption and cryptocurrency projects that take these initiatives via use-case are really displaying the might of blockchain technology. We commend DASH on being so active!

3. Fast Updates & Development

It seems as though almost every day there is a new development surrounding DASH. In order to position itself as a currency and fit into the needs of the users, cryptocurrency requires continued support and integrations.

This is where DASH really shines. The community of developers is massive and growing, and new DASH-based services are popping up every day that solve or tackle new issues as they come.

These are only the views of the writer and is not financial advice. Cryptocurrencies are extremely volatile, so please do your own research!

OnePageX.com has DASH as a core assets, enabling fast exchange with over 140 cryptocurrencies. Want to instantly exchange DASH? Visit us at OnePageX.com!

Published at Mon, 25 Mar 2019 17:13:29 +0000

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Asicboost: bitmain to respond ‘soon’ to exploit accusations

ASICBOOST: Bitmain to Respond ‘Soon’ to Exploit Accusations

Bitmain CEO Jihan Wu has vowed to respond ‘soon’ to accusations the miner is exploiting a bitcoin vulnerability to manipulate mining.

Bitmain, Vulnerability Outing ‘Huge SegWit Confidence Boost’

A “covert” use of so-called ASICBOOST technology was circulated to the Core mailing list by contributor Greg Maxwell Wednesday. This would allow “a major manufacturer” to unfairly profit from centralization.

While Bitmain was not named by Maxwell, community sources subsequently confirmed the company’s involvement.

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Maxwell wrote:

Exploitation of this vulnerability could result in payoff of as much as $100 million USD per year at the time this was written (Assuming at 50% hash-power miner was gaining a 30% power advantage and that mining was otherwise at profit equilibrium).  This could have a phenomenal centralizing effect by pushing mining out of profitability for all other participants, and the income from secretly using this optimization could be abused to significantly distort the bitcoin ecosystem in order to preserve the advantage.

The Core developer also proposed solutions to prevent the attack becoming a major problem, in a move praised by Tone Vays as “a huge confidence boost” for the SegWit supporters.

Wu: Bitmain Statement ‘Soon’

Wu meanwhile stated Bitmain would provide a statement “soon.”

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Previously, suspicion had already fallen on the bitcoin Unlimited supporter, with community members noting he had deleted tweets about ASICBOOST. They added Wu’s BU support could be linked to the Bitmain operation.

While ASICBOOST was originally invented by Sergio Lerner among others, who also contributes to SegWit concepts, Maxwell stated that none of the technology’s creators were “aware” of the exploit.

“Reverse engineering of a mining ASIC from a major [manufacturer] has revealed that it contains an undocumented, undisclosed ability to make use of this attack. (The parties claiming to hold a patent on this technique were completely unaware of this use.),” he continued.

On the above basis the potential for covert exploitation of this vulnerability and the resulting inequality in the mining process and interference with useful improvements presents a clear and present danger to the bitcoin system which requires a response.

In Summer 2016, KnCMiner declared bankruptcy over the bitcoin block reward halving causing them unsustainable overheads.

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The firm had previously been taken to court in its native Sweden by customers complaining over delays and defects with its products.

The startup had meanwhile raised over $32 million in investment.

What do you think about Greg Maxwell’s post? Let us know in the comments below!

Images courtesy of Twitter, Shutterstock

The post ASICBOOST: Bitmain to Respond ‘Soon’ to Exploit Accusations appeared first on Bitcoinist.com.

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