Fake RaiWallet stills users' seeds

Hackers created fake website to steal users' data; no information on the number of victims available
19 December 2017   2243

What is RaiBlocks?

According to official FAQ, RaiBlocks is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting.

At the moment of press, XRB is on the 47th place at Coinmarket top 100 cryptocurrencies rate. These are main market parameters:

  • Average Price $3,54
  • Market Cap $471 357 832
  • 24h Volume $7 242 680

XRB is being on:

  1. BitGrail 82.17%
  2. Mercatox 17.25%
  3. BitFlip 0.31%

It is also worth noting that RaiBlocks gained over 140% in last 7 days.

Fake RaiBlocks wallet

A fake RaiBlocks wallet appeared recently under the My Rai Wallet domain. It is not the copy of original wallet. This time hackers just ask users for their seed word. 

Fake XRB wallet
Fake XRB wallet

And here's the original wallet website.

XRB Wallet
XRB Wallet

According to official website, https://raiwallet.com/ is the legit online wallet. At this time, scam was really oblivious. But this is an exception to the rule. We ask you to be extremely careful when you deal with money.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   59

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.