Opal Coin and Release of its Market!
Opal Coin, a coin which I had the chance to talk with the team behind it. With both Coins Source trust verification as well as Crypto Asians Proof Of Developer, Opal is a coin that first went through a X13 POW phase and is now in its POS stage, with 5% interest annually. Opal now is in the works of releasing their own market, where users can buy and sell goods as well as services for Opal. Opal is a cryptocurrency focused on security, anonymity, and usability. This has led the development team to integrate specialised technologies for the benefit of all Opal users. The centerpiece of the....
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Opal team took back its resolution to rollback the blockchain after recovering 65% of the stolen coins from the hacker. On December 15th 2014, the Opal crew discovered a malicious wallet attack that ultimately cost them around 2.5 million coins . In order to reduce the impact of the hack, the team reached the Opal community with a proposal to rollback the blockchain. A majority of Opal users favored the suggestion and the team consequently made their democratic decision public. Soon after, the hacker contacted the Opal team to negotiate. He subsequently agreed to return a stash of 1.7....
OpalCoin started as a privacy-minded cryptocurrency, utilising stealth addresses to preserve anonymity. OpalCoin soon entered the Bitcoin 2.0 arena with DriveShare, a decentralised file-sharing application. Now the Opal team appears focused mostly on DApps; we sat down with lead developer Whit Jack to get the latest details. Andrew Wagner: So, tell us about your background. Why did you choose to start Opalcoin? Whit Jack: Well, I was originally brought onto Opal as an altcoin dev-for-hire. But I ended up falling in love with the Opal community, and I decided to stay, and Opal became my....
Launched in late 2014, OpalCoin has learned a lot from its predecessors. It utilizes the X13 scrypt mining algorithm until block 15,000, when proof-of-stake takes over. It has a block time of only 90 seconds, and with no pre-mine or initial coin offering, it's difficult to accuse it of being a get-rich-quick scheme. Opal is named after the rare gemstone, which is naturally opaque. Opacity is a recurring concept in OpalCoin, a visual metaphor for its built-in privacy features. Users can create opaque addresses, a derivation of stealth addresses which masks the recipient with a secret key....
The community supporting OpalCoin, an anonymous cryptocurrency offering decentralized storage, was recently under siege of a fake-wallet attack. A hacker stole almost 17% of the coin supply, most of which has been recovered. The Opal team announced the hack on the Bitcoin Talk forums on December 15th. The hacker spread a fake-wallet virus through the forums. The Opal team had recently posted a legitimate link on the BitcoinTalk forums to the download to their latest client. Diabanhxeo, the hacker’s profile name (ID# 210031), quoted the link on a post, but changed the link to a malicious....
Coin Citadel is raising about $750,000 worth of bitcoins in the coming days, says the company's press release. Coin Citadel, the company that has been involved in bitcoin-based business for a while, has now decided to increase its bitcoin holding by over $750,000 in the coming days. The announcement was made by the company in a press release earlier today. While Coin Citadel has already explained about its intentions to increase its holdings, the company has not divulged any specific details about from where the company will be receiving the bitcoin. But by raising about 1,675 bitcoins as....