VeriCoin Developer: "The NXT Chain Should Not Be Rolled Back"
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....
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Vericoin is today's Random Coin of the Day. I chose Vericoin for its unique outlook on decentralization of PoS (Proof of Stake) within its network. Vericoin uses VeriSMS and VeriBit for this purpose, where VeriSMS allows users to store Vericoin using SMS and withdraw it later, and VeriBit allows you to pay companies accepting Bitcoin, with Vericoin. VeriSMS is capable of being spoofed and hackers can withdraw your Vericoin to their address. Vericoin advises users of this service to not store large amounts of Vericoin through it. Vericoin is quick to the draw when problems occur with their....
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....
Mintpal, a popular altcoin exchange, has been hacked. In their official announcement of the matter, they revealed that the hacker specifically targeted Mintpal's large VeriCoin holdings. Mintpal was in control of 30% of existing VeriCoin, all of which was stolen by a yet unidentified hacker. Mintpal has emphasized to its users that they are still processing withdrawals for all other coins; however, they have not revealed the exact vector of the attack. Mintpal and other VRC exchanges have worked directly with VeriCoin developers to come up with a seemingly satisfactory solution for all....
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....
Recently, the digital currency exchange MintPal was successfully attacked. VeriCoin was the target, and nearly 30% of all the VeriCoin in existence were stolen. In a time of quick decisions, the VeriCoin developers came in contact with MintPal and decided to hardfork their blockchain to a point before the transaction. The decision has caused some conversations to come forth of the hardfork that has the altcoin-community debating whether this decision was the right thing to do. Patrick Nosker, one of the developers for VeriCoin, sat down with CCN to talk about the decision and the....