Bitcoin & Multicoin Wallet Provider CoinWallet Shuts Down
CoinWallet, an online bitcoin and multicoin wallet service has announced the closure of its services. The announcement cites a recent data breach that struck the wallet and bitcoin services provider on April 6, 2016. Online multicoin wallet service Coinwallet is shutting down its services following a recent data breach. Although the extent of the breach hasn’t been determined, the incident led CoinWallet management to conclude that recovery and realigning costs would not be feasible, thereby announcing the closure of the service in its entirety. The announcement also leaves no reason to....
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Although the hunger for quality multicoin wallet solutions is undeniable, finding them is no easy task. Especially considering that some of the very best ones have no commercial backing, and are true open source “labor of love” projects that solely rely on the generosity of the users. CCN gets straight to the heart of the matter with the first installment of the Multicoin Wallet Roundup Series and presents you the following candidates. The ALL-CoinWallet-QT multicoin wallet is a very simple open source QT-based multiCoin wallet coded in C#: The Orca RPC multicoin wallet server is perfect....
The Bitcoin network took a hit yesterday as CoinWallet ran its "stress pre-test" for about thirty minutes resulting in a "2-day delay and a 50 MB backlog" according to CoinWallet CCO James Wilson. Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride. Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT. The purpose of these stress tests is to see if the Bitcoin network can handle a barrage of very....
CoinWallet, a London, U. K. -based bitcoin wallet, says it will conduct a stress test of the bitcoin network in early September that will render most bitcoin wallet software worthless and create a "nearly 30-day backlog," according to theInternational Business Times. They plan to accomplish this by flooding bitcoin wallets with small amounts of bitcoin. CoinWallet's purpose is to convince developers and miners to implement a hard fork. The upcoming stress test is not CoinWallet's first such attempt to make the case for increasing the block size. "As part of this test, I will be....
CoinWallet, the UK based bitcoin buying and selling platform has planned to conduct another stress test on the bitcoin network. The company just cannot seem to have enough of these tests, disrupting the service each time. However, what CoinWallet is out to do maybe blatantly illegal and in such case, the implication of such a test need to be looked into and appropriate actions taken by both CoinWallet and law enforcement agencies to ensure that no laws are broken during the process. CoinWallet has already conducted a not so successful stress test earlier this year. Even though the previous....
Bitcoin company CoinWallet is set to conduct a stress test on the bitcoin network in September and warned that this could create a 30-day backlog. For now, the company hasn't set a specific date for the stress test but also noted that the results could support calls for a hard fork in the network. CoinWallet's previous stress test achieved only 15% of the output due to a crash in its servers. The company plans to flood the system with countless small transactions, enough to fill two blocks every minute then send out slightly larger transactions. Bitcoin Stress Test. "We feel that our tests....