Musicoin to Upgrade With Hard Fork

The Musicoin hard fork will be triggered at block 2,222,222, which should be released approximately by the end of March
28 February 2018   2376

Musicoin is created for both musicians and listeners. Its musical economy empowers listeners to freely participate via various value-added services that it has built and is actively building on top of the platform. Moreover, the Musicoin Blockchain ensures each musician receives the most competitive industry compensation, instantly and automatically, for each stream of music.

On February 27, Musicoin has announced that it plans to upgrade with blockchain hard fork, aiming to support enhanced security and more efficient transactions. The hard fork will be triggered at block 2,222,222, which should be released approximately by the end of March.

Once enabled, the hard fork should both reduce risks of replay attacks and enable users to securely store their assets with the Ledger Nano S and Trezor hard wallets and MyEtherWallet.

Our blockchain team has developed a perfect plan for this hard fork to enhance the infrastructure of the whole MUSIC economy. Following our 1.0 and 2.0 releases, this upgrade would mark a new start to wider adoption of this currency and MUSIC economy.

Isaac Mao

Founder, Musicoin

Musicoin’s blockchain team reported that it has completed all of the necessary tests, and is ready to release the upgrade of the software toward this hardfork. As for the moment of press, 2053684 blocks of Musicoin have already been generated.

Atlanta's computer network infected with Bitcoin ransomware

Hackers breached the governmental computer network in Atlanta to infect with ransomware and demand payment in Bitcoin
23 March 2018   137

Cryptocurrency ransomware of different flavors has been around practically as long as cryptocurrencies themselves. And now the city of Atlanta, US has come under the attack.

The governmental computer system has been infected by the ransomware virus early in Thursday, and this has caused a massive disruption in several departments. In particular the bill payments and court information services has been affected. Later in the morning several city employees found a ransom letter on their computers with demands for $51,000 in Bitcoin.

In the afternoon of the same day officials held a press-conference, but were unable to provide any particular information about the attack since the investigation was just commenced and in the early stages. The question whether or not they were going to pay the ransom were also left unanswered.

Atlanta is one the major economics hubs in the Southern US with several large international companies and the world's busiest airport located in the city. Apparently, the city officials have no qualms about going for all the available help in such a high-resonance case, hence the US Department of Homeland Security, the FBI and even the Secret Service authorities are now on the ground.

Of course, there is little chance of systems being unlocked even if the ransom is paid, the security experts say. So, the city is probably in for a long road to full recovery of its computer facilities. The officials have even started making plans in preparation for long and tedious recovery process.