Decentralized Platform Dexon Launched by Cobinhood

A crypto exchange Cobinhood has declared about the launch of a decentralized platform Dexon, the project is backed by top-tier venture capital firms
07 June 2018   698

Among the project supporters is San Francisco-headquartered IDG Capital, a company which manages $20 billion worth of assets. As claimed by the firm, Dexon is to be the fastest blockchain available in the market. It is optimistic that such pluses as infinite scalability and low latency will make the platform perfect for the banking industry and other real-world requirements.

Blockchain is still in its early stages, though many industries are looking to implement blockchain and talk constantly about its benefits, it has yet to reach rapid adoption. Factors like speed of transactions have been a crucial inhibitor in allowing this technology to be implemented into the real-world banking ecosystem. The innovation surrounding blocklattice architecture like DEXON will enable use cases such as everyday banking, stock and cryptocurrency exchange, micropayments and other markets.
Popo Chen
Founder, Dexon

In order to reach a higher level of scalability, Dexon is applying block-lattice architecture. In difference with the traditional blockchain technology systems that build encrypted blocks linearly, this structure is based on the multiple blockchain systems that work together in parallel, making it simplier to scale automatically and energy-efficiently.

Because of the growing limitations of the centralized crypto exchanges, many serious blockchain players are now developing their decentralized platforms to overcome the market competition. Major players like Binance and Kyber Networks have earlier ran native decentralized platforms and were joined by a number of market counterparts.

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.