Dogecoin Forks to Avoid Multipool Exploit, Mandatory Update!
Dogecoin forks to avoid exploitative mining pools. Yes, you can still teach an old Doge new tricks. Only three months after the release of Dogecoin, the cryptocurrency based on a meme has cleared its third major hurdle. After discovering that certain mining groups were exploiting a weakness in the protocol to game the system, the doge-devs are ready to release version 1.6 of the Dogecoin wallet client. This update is mandatory. At block 145,000, Dogecoin will automatically fork so that no Dogecoin is at risk of being lost. The update will change block-rewards, which had been random, to a....
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Europe-based bitcoin exchange Cex. IO has announced the termination of their support for altcoins and GHash. IO Multipool, shifting their focus toward higher-volume markets such as Bitcoin and Litecoin. Trading pairs including IXC, DVC, POT, ANC, MEC, WDC, FTC, DGB, USDE, MYR and AUR have been removed, and Multipool by GHash. IO has been discontinued for all miners. "GHash. IO Multipool will be discontinued. There is no need to change mining settings for the Multipool, as all shares will be automatically redirected to LTC+DOGE mining pool. Those users who are already mining on Multipool....
Hard forks are a rather contentious issue in Bitcoin. The controversy surrounding hard forks can be seen most prominently in the context of Bitcoin XT 's implementation of BIP 101. While there have been successful Bitcoin hard forks in the past, the problem with hard forks of the Bitcoin blockchain is that they're, well, hard. Any change to the Bitcoin protocol that requires a hard fork essentially requires near-complete consensus to avoid a potential blockchain split. For example, there are many individuals in the Bitcoin development community who do not believe that BIP 101's use of a 75....
By the look of things, support for Bitcoin Classic is growing in the mining scene, as Multipool.us has opened up a new mining pool for this so-called “altcoin”. With over one petahash of mining power directed to this Bitcoin Classic pool alone, the competition with Bitcoin Core is being taken to a whole new level. However, only three blocks have been mined so far, and there is still a long way to go before Multipool.us will become a major contender. Multipool.US Supports Bitcoin Classic Mining. While it is positive to see further competition between developmental solutions, the big....
Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge. Ethereum PoW Forks Have Fallen 66% In Just Five Days According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge. The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network. However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching. These new forks still rely....
Bitcoin Core, an “open source software project that is a direct descendant of the original Bitcoin implementation”, released a statement late last week on its website. The main focus was how Bitcoin consensus rules were changed, which is typically through soft forks and hard forks. Hard forks and soft forks do virtually the same thing, so Bitcoin Core argues that soft forks are to be preferred as they do not cause the amount of harm on the Bitcoin network as a hard fork can potentially do since users can choose to upgrade to new features when they want to, or remain or the current Bitcoin....