Mining Extensions to be Deleted from Google Chrome

From 02.04.2018, adding of new mining extensions to Google Chrome Extension store is prohibited; other will be banned by the end of June 2018
03 April 2018   1707

The Internet giant Google announced on Monday, April 2, that from this day it bans adding of new cryptocurrency mining extensions to the Chrome Web Store, and after some time will remove all existing similar products. This is reported by TechCrunch.

As stated in the Google's blog, over the past few months there has been an increase in the number of malicious extensions that outwardly offer useful features, but they have built-in scripts for mining that work in the background without the consent of the owners of computers. Such scripts often consume significant resources and can adversely affect overall computer performance and power consumption. They are often aimed at XMR mining.

Browser mining can not be considered the most efficient way to mine bitcoin or other cryptocurrencies, but the Chrome extension store had them for a long time, provided that it is clearly stated in their description that they were created specially for these purposes.

However, 90% of these extensions don't meet mentioned criteria. A lot of developers built-in XMR mining scripts in pseudo-legitive extensions.

The extensions platform provides powerful capabilities that have enabled our developer community to build a vibrant catalog of extensions that help users get the most out of Chrome. Unfortunately, these same capabilities have attracted malicious software developers who attempt to abuse the platform at the expense of users. This policy is another step forward in ensuring that Chrome users can enjoy the benefits of extensions without exposing themselves to hidden risks.

James Wagner

Google’s product manager

As noted, some of these extensions are detected and removed almost immediately, but others still enter the store and they have to be deleted later.

To resolve this situation, Google from 02.04.2018 introduces a ban on adding any applications for the crypto currency, and by the end of June 2018, the existing Web extensions will be removed from the Chrome Web Store.

At the same time, blockchain-related extensions without mining functions won't be deleted.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   112

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.