Interview with Presstab about PoS Coin Vulnerabilities
Proof of Stake (PoS) coins are generally considered safer than PoW coins, which are subject to 51% attacks. However, PressTab, the primary developer over at Hyperstake(HYP), has discovered a possible vulnerability that affects most PoS coins. Can you tell me a little bit about how PoS coins work? Contrary to popular belief, Proof of Stake is not all that different from Proof of Work. When you are mining a PoW coin, your goal is typically to create a hash that has a value below a certain threshold. Your miner continuously hashes inputs until it produces a hash under the target threshold,....
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When I first contacted presstab, the developer behind hyperstake, I was first looking at some POS journals regarding people who were making quite dividends investing into high POS rate coins like TEK, HBN, as well as Hyperstake. Immediately it caught my eye with its 750% POS rate. Curiosity got the best of me and I was glad presstab was able to make this happen. I was doing some freelance coding work for a few other coins and always wanted to add features and forks that would simply not be acceptable for other coins. I teamed up with David Latapie, and we spent several days brain storming....
These vulnerabilities are reminders that improvements come with trade-offs – and that security and usability are two sides of the same coin.
Despite the wide variety of cyber attacks against companies and individual users all over the world, far too many websites contain security vulnerabilities. Hackers have a relatively easy time to gain access to centralized databases and obtain sensitive user information. Three In Four Sites Have Security Vulnerabilities. A new report by Symantec paints a rather painful picture for enterprises and individual website owners who collect consumer data. Considering how close to three in four sites have security vulnerabilities which have gone unpatched for quite some time now, the situation is....
Geekkos is a project that was first introduced in November of 2014 by Twitter user @crazy_crypto, who is known for trading altcoins. He is the creator of the Geekkos altcoin and handles all business related to the coin. The coin specifications are as follows: Initial coin supply: 10M (10,000,000) distributed via crowdfunding. Algorithm: Scrypt – 100% PoS v2 (Proof of Stake) + PoP (Proof of Play). PoS: 10% fixed interest annually. I reached out to Carlos in hopes of an interview and sure enough he responded. Here is the interview hosted with Carlos(@crazy_crypto)
Just last year, a major vulnerability in the OpenSSL protocol caused a lot of concern for internet traffic all around. Not only are nearly all sites protected by OpenSSL, but various web apps and other third-party platforms rely on this security standard as well. And even though heartbleed had been fixed for a while now, there are other vulnerabilities that need to be patched sooner rather than later. On Thursday – two days from the time of publication – a new version of OpenSSL will be released to the public that contains two major vulnerability patches. Considering the fact that most....