ltc

How much computing power as well as money is required to carry out a 51% attack on a blockchain like that of Litecoin which uses PoW as its protocol? Blockchains using the PoW consent protocol (Proof of Work) use the computing power of machines to secure data and the network that hasRead More →

crypto

After the bear market of 2018, Bitcoin has performed well in the current year. Two Chinese Bitcoin mining giants, Bitmain & Canaan, want to capitalize by taking the companies to the public. The second quarter of 2019 officially marked the end of the “crypto winter,” and saw bitcoin rally byRead More →

ether

The cryptocurrency industry is usually under development as the tech underpinning blockchain is still very new. One such project that may undergo an important update to its mining algorithm is Ethereum. On January 4th, members of Ethereum’s open-source development community came to a preliminary agreement to implement an important new algorithmRead More →

crypto

Chinese cryptocurrency mining titan Bitmain confirmed the restructuring of the company in order to “build a long-term, sustainable and scalable business.” In a statement to CBNN, a Bitmain representative said: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business. ARead More →