Interview With NXT's Bas Wisselink and Vericoin's Patrick Nosker: The Bter Hack, The Future and When Is It Okay To Change History?
Popular exchange Bter recently suffered a hack that resulted in more than 51 million NXT being stolen from the exchange, at the time worth more than USD $1.7 Million. This brought up the question: much manipulation of the blockchain is acceptable? While Bter managed to negotiate most of the NXT back into its possession, before that happened the NXT community was presented with a choice: Change the blockchain to reverse the hack and save Bter and the 51 million NXT or allow the transaction to remain and preserve the integrity of the blockchain. They overwhelmingly decided against changing....
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NXT has announced to CCN that there will be no rollback. To read the announcement, visit our article here. Earlier this year, the cryptocurrency exchange MintPal, now owned by Moopay LTD., became the victim of an attack. The hacker got away with eight million VeriCoin, a staggering 30% of all VeriCoin in existence. The theft caused the VeriCoin developers to face a decision to roll back the blockchain and effectively erase the transactions from occurring, returning coins to Mintpal's customers. Today, cryptocurrency exchange BTER was hacked, and the thief got away with 50 million NXT, a....
Vericoin is a coin that has received much interest in the past few days due to many plans being teased by the developer Patrick Nosker. As I always say, an active developer, innovation, and a community is what you need for your coin to succeed. Fortunately, Vericoin has all three of these aspects. The coin’s developer Patrick Nosker is very active, and not only that, he is a gifted programmer with abilities some developers aren’t able to imagine of. Having someone as talented as Patrick, innovation is a given, and Patrick has teased many features that will be implemented in Vericoin, the....
The VeriCoin Party, which took place at the NYC Bitcoin Center had a great turnout and those on hand were interested in learning about the latest altcoin set to play a roll in this technological revolution. The developers themselves were on hand to present the details of VeriCoin, engaging the enthusiastic crowd and even giving away paper wallets loaded with some VeriCoin whose public keys were also used for raffle giveaways at the end of the night. We sat down with two of the three core developers of VeriCoin during the event to get more details about this up and coming altcoin along with....
Vericoin developers unveiled their newest feature and technological advancement to their community yesterday: VeriBit. The service accepts Vericoin payments for Bitcoin transactions, allowing users of the currency to utilize it immediately. The developers are looking to give people a reason to pay attention to their coin right out of the gate and the markets are reacting accordingly. CCN. VeriBit allows users to take the Bitcoin address they plan to send payment to and generates a separate Vericoin address that users send Vericoin toward. Once the Vericoin is sent the address will change....
Nowadays, innovation seems to be the fuel that steams the cryptocurrency ecosystem. Every Developer Team is trying to give their best contributes; but still, the market is asking for new features to make the use of crypto currencies increasingly easy. One of the Teams who aim to be on the edge of innovation is the VRC – Vericoin Team. The VRC project has been one of those works that have really shown high quality technical improvements in the field. The Team, composed by Patrick Nosker, Douglas Pike and David Boehm, has been the first team in crypto ecosystem to actively cooperate and....