Blockchain Addresses Security Controversy: 'We Need to Do Better'
It has been a terrible couple of weeks for bitcoin wallet provider Blockchain. First, the firm's product lead got into an online spat with a Coinbase engineer on Reddit. Then, Blockchain's wallet was pulled from Bitcoin.org, an informational website managed by bitcoin core developers and community members, for poor security. The company found itself publicly promising to reimburse customers after a random number generator flaw that led to hundreds of addresses being compromised. Further, unsubstantiated online reports suggested that bitcoins had been stolen as a result of the issue. So,....
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Counterparty, a free and open source platform offering powerful P2P financial tools, recently announced its successful implementation of multisignature addresses. According to the information available on its blog, Counterparty has decided to release this feature upon reaching the block 333,500. Alongside the multisignature address feature, the company is also planning to offer free custom tokens. Earlier, it used to charge 0.5 XCP for the same. What are Multisignature Addresses? Multisignature addresses is an additional layer of security for ones' cryptocurrency wallets. In normal cases,....
An Ethereum address is a complex 42-bit string starting with 0x. As the most basic part of the crypto infrastructure, addresses are the carriers of users’ assets, rights, and on-chain interactions. We often see people name their Twitter starting with 0x to indicate their identity as a blockchain player, which demonstrates the importance and representativeness of addresses to users on the chain. As the necessity for users to step into the on-chain world, there are more than 200 million unique addresses on the Ethereum chain alone. Over the past year, there have been an average of about....
The Miss Universe Coin created a storm of controversy at the Philippine Blockchain Week (PBW) when it came to light that the coin, touted during the event and unveiled at a prior press conference, had no affiliation with Miss Universe, the brand and pageant owned by Thailand-based JKN Holdings. What seemed like a promising venture […]
Bitcoin isn't the only cryptocurrency in existence at the moment, as plenty of competitors in the digital currency sphere have emerged. Ever since the introduction of bitcoin in 2008 by Satoshi Nakamoto and its rise to fame a few years back, a number of altcoins have also been created, claiming to have better features than bitcoin. In the Midst of Controversy. For now, these digital currencies are still mired in a lot of controversy, as the lack of a centralized authority overseeing its operations and transactions pave the way for usage in criminal activities. Hacking incidents and....
Hundreds of bitcoins have been stolen yesterday from Blockchain.info users made temporarily vulnerable by a technical issue during a software update of the popular Bitcoin wallet. The company has plugged the security hole, and now they are reimbursing the users who lost their bitcoins. Also read: Blockchain.info Security Update Results in Stolen Bitcoins. "The issue was present for a brief period of time between the hours of 12:00am and 2:30am GMT on December the 8th 2014. The issue was detected quickly and immediately resolved. In total, this issue affected less than 0.0002% of our user....