Attack of the zkEVMs! Crypto’s 10x moment
Crypto is currently languishing like the internet did in 1996 with slow speeds and few practical use cases, says Steve Newcomb, chief product officer of Matter Labs. But a major increase in bandwidth and security soon after saw the internet become a crucial part of daily life across the globe and were right on the cusp of that happening for crypto in the next few months. “Nobody trusted their credit card on it and everybody thought it was a fad and there weren’t any use cases for it,” Newcomb explains. “And then we had 10x moments in bandwidth and then SSL came, and HTPS where you got that....
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Over 300 blocks were rolled back in the course of the 51% attack. Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state. We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Note this is not a coding error but a nature of PoW. $XZC....
Gone are the days when one needed to go through blood and sweat for robbing someone off-guard; these days, a simple DDoS attack can do it. Bonny and Clyde, sorry for your loss! Reports are emerging of an online extortionist group DD4BC, which is threatening to launch online attacks against some mid-to-large Scandinavian companies. The notorious pack of larcenists reportedly email their targets and ask them a 40 Bitcoin ransom to avoid serious consequences - a 1-hour DDoS attack is the best we heard. An excerpt from their letter as follows: "Right now we are running a small demonstrative....
New information has come to light regarding the latest bitcoin spam attack which has exposed the weakness of the bitcoin network. The attack group is now targeting the non-profit, journalistic organization WikiLeaks and the Reddit clone Voat, according to a Motherboard report. Dust or thousands of tiny bitcoin transactions are now hitting WikiLeaks and Voat. However, there is no news regarding why the two are being targeted. Earlier this week, the bitcoin network witnessed an onslaught of thousands of tiny bitcoin transactions aimed at clogging the network and bringing it down. The....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekBreaking: Google taps Coinbase to bring crypto payments to cloud servicesStarting in early 2023, Coinbases payment service, Coinbase Commerce, will facilitate crypto payments for customers purchasing Googles cloud services thanks to a deal between the two companies. Google will only allow certain crypto assets for....
The internet infrastructure and risk-mitigating company, Cloudflare Inc., reportedly prevented the largest distributed denial of service (DDoS) attack earlier this month, calling it the most volumetric attack the company has recorded to date. The attack in question was aimed at a crypto platform. The number of requests per second (rps) of the current DDoS attack […]