New Spam Attacks Aim To Slow Down Bitcoin Network
Spamming the network with transactions makes no sense whatsoever, though. The bitcoin network has suffered from multiple attacks over the past few months. These are not attacks against the technology, but rather individuals flooding the network with transactions. It occurs one such spam campaign is underway once again, although it is unclear who is behind this unusually high amount of bitcoin transfers. Some people speculate this is someone who favors Bitcoin Unlimited, albeit that is not confirmed. Spam attacks against the bitcoin network have become a major problem. Due to the nature of....
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New Geth Fails to Prevent Ethereum Blockchain Attacks, Erik Voorhees Says Network Only Gets Stronger
As Ethereum continues to suffer from spam attacks upon the execution of its new Geth release “Come at me Bro,” ShapeShift CEO Erik Voorhees reassures users that it only makes the network stronger. Amid the transaction spam attack earlier last week, exchanges and wallet platforms experienced various delays in processing ETH deposits and withdrawals. While users and traders are experiencing delays, Erik Voorhees says that in dealing with spam, the Ethereum development team is building more robust and innovative security measures. Voorhees says: “Every time someone attacks a Blockchain....
As Bitcoin blocks get closer to full capacity, some members of the community are claiming many of the transactions on the network are nothing more than spam. Defining a spam transaction on the Bitcoin network is somewhat difficult. In fact, Mastering Bitcoinauthor Andreas Antonopoulos believes it’s impossible for such transactions to exist. According to Antonopoulos, the fact that someone is willing to pay the fee associated with a particular transaction means that the transaction is not spam by default. During a meetup at Paralelni Polis in Prague, Czech Republic, Antonopoulos explained....
For many years, people assumed lInux was one of the most secure operating systems in the world. Even though the number of cyber attacks against Linux machines remains relatively small for now, several thousand machines were infected with malware, forcing them to send out spam messages. As we all know, spam messages – such as the ones sent through Mumblehard – are one of the more common causes of Bitcoin ransomware infections. Mumblehard Linux Spam Botnet is No More. It has been over a year in the making, but Estonian law enforcement and the Eset security firm managed to put an end to the....
The Bitcoin Network suffered from slow transactions due to a spam attack originating from a rogue wallet that was creating loops by sending bitcoins to itself over the blockchain. This Monday, the bitcoin community woke up to the beginning of a new week and a new month. As the day progresses, they thought that their worst fears about the bitcoin network are coming true. The bitcoin network was overloaded and transactions were taking unusually longer to get processed. The first question that went through everyone’s mind was whether the bitcoin network is under attack, but at first glance,....
Nothing to see here... That's the message from developers, entrepreneurs and analysts ahead of an upgrade to the ethereum network that aims to solve "urgent network health issues". The new code, expected to be released tomorrow morning, follows a series of attacks that developers say exposed issues with the pricing model the network uses to discourage transaction spam. As a result, the ethereum community is set to adopt a patch for the issue at block 2,463,000 on its main blockchain, a move developers believe will reprice network functions to better incentivize intended use. A....