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The best advise for all trader to invest in Crypto Currency when currency at dip level wait for the right opportunity & buy if go for the long term, holding coins of scarce value such as bitcoin (which is the king of crypto) will make you money, I’d advise people to dollar cost average into a position they are comfortable with.
The most important thing with crypto is to own your own ‘private keys’ learning this stuff may take a day or two, I’d suggest buying a hardware wallet, setting it up and sending all your crypto holdings to it.
Come back in 5 years and you’ll see the return you made. Crypto is not a short term, get rich quick game.
If you’ve read my about the XYO Network, you are already aware of what XYO is striving to accomplish. If you read it thoughtfully, you probably thought:
“Wait, why not just use a GPS tracker to determine the location of something, it worked fine the past decades.”
Even though you are fundamentally right, there’s more to it than it seems at the first glance. Besides the fact that the XYO devices are able to interact with smart contracts and therefore steer automated process execution through them, classic GPS devices have their flaws. Even though GPS signals are very accurate, hacking attacks of different kinds often times target the transmitted data and interfere with it. This is possible due to centralized source the signals come from.
As we steadily refine technology as we know it today, new ways of interacting with real world items start to get implemented into code, combining the real world with software applications. Through direct communication of those items (also known as the IOT — Internet of Things) a secure data transfer is a crucial requirement. If we look specifically at items that use GPS data, for example upcoming delivery drones, the effects of a hacking attack could be fatal. In order to pave the way for the evolvement of the IOT and especially GPS reliant items the XYO Network comes into play.
By gathering data in a distributed fashion and through the security of the blockchain environment, XYO provides secure and safe location data that can be used to fuel the systems in need for it. By doing so, XYO contentiously expands a blockchain based ecosystem consisting off location-based components that form a decentralized network through individual devices and providers. This allows the network to conduct trustless and secure transactions and therefore secure the way location based data is communicated.
Additional information on the XYO Network can be found on their , / threads or directly in their official !
The integrity and reliability of Verge Currency has once again been questioned, following a massive blow that the blockchain suffered from hackers which is not the first of its kind.
A currency which taunts itself as being a “secure and anonymous”, telling people that “privacy has a choice” yesterday fell into the bait of hackers, where a malicious miner took over 51% of the network’s Hashrate.
The Wednesday April 4, attack was made known on a , by a regular poster who stated that about 250,000 verge was carted away.
The attack, according to the forum was made possible due to the availability of some bugs in the altcoin’s code, giving the hackers the possibility to mine new blocks with a spoofed timestamp using the same algorithm.
“Usually to successfully mine XVG blocks, every “next” block must be of a different algo.. so for example scrypt,then x17, then lyra etc”.
“Due to several bugs in the XVG code, you can exploit this feature by mining blocks with a spoofed timestamp. When you submit a mined block (as a malicious miner or pool) you simply set a false timestamp to this block one hour ago and XVG will then “think” the last block mined on that algo was one hour ago.. Your next block, the subsequent block will then have the correct time.. And since it’s already an hour ago (at least that is what the network thinks) it will allow this block to be added to the main chain as well”, the forum post reads.
The attack went on for about 3 hours until Verge’s lead developer, Justin successfully proffered solution to the problem temporally after a second attempt with an post. However, by that time, hundreds of blocks has been established by the hacker and it was irreversible.
In a bid to down play the attack, verge, on its twitter account posted:
Source:
In a bid to compound the altcoin’s problem, the supposed hacker in a said, “hey Verge Team, get some real developers and fix your code.
We have found another 2 exploits which can make quick hashes as well.”
Narrating an experience of the event, a Verge holder explained:
“I visited some hours ago the official Verge Twitter profile to read the news about the hash hack. While reading the tweet I noticed several messages offering a compensation for the attack by Verge”.
“Send x Eth and you get some bonus back. Sounded legit to me as it was affilated to the hash attack and I suffered from it as well having had some hours only orphaned blocks on all my baikals, hence I fall victim to this damn scam on the official twitter page”.
In another , a user lodged a complaint stating: “based on what I see from the dev postings here it’s apparent that if ocminer had never brought this to everyone’s attention, the XVG team would have never admitted to or disclosed what happened. Trying to downplay and being flippant about the severity here is just pissing on the XVG faithful.”
It can also be recalled that last month, Verges Twitter account was also taken over by hackers where users were asked for coin.
Musing over the all the occurrence of heist, the developer is preparing a hard fork for the altcoin.
The post appeared first on .
