PIVX is releasing the next installment of its zPIV protocol

With the deactivation of the original version of the zPIV protocol, a new zPIV v2 protocol along with a fresh zPoS algorithm are to be rolled out on April 7
02 April 2018   160

PIVX Zerocoin has announced the launch of its enhanced zPIV protocol on April 7. The original protocol zPIV v1 was deactivated for the preparatory procedure. The users were advised to convert their zPIV v1 into PIV and mint to zPIV v2 after the release. The new version introduces a fresh Proof-of-Stake algorithm. Plainly speaking, the algorithm will allows the users earn staking rewards and remain anonymous at the same time.

Earlier, if the user stakes a cryptocurrency, his balance will be visible to the public. Potentially, using block explorer one can discover the address that is staking coins, the balance and the source address. The new algorithm users who are staking zPIV can stay anonymous and nobody will be able to see how many coins an address is taking. The staking rewards can be further used for staking or spent privately without exposing the sender's address.

The reward distribution has also been reworked: now zPIV stakers will be rewarded with a 50% higher share of the block reward.

As of the moment of the publication, the market indicators for PIVX are as follows:

Average price: $3.88

Market cap: $216,903,895

Volume (24H): $3,090,740

MyEtherWallet DNS Servers Hacked

Number of MEW DNS servers have been replaced by unknown hackers for redirecting users to a phishing site; around $150k were stolen
25 April 2018   2

Users of MyEtherWallet lose around $152,000 worth of ether due to wallet's DNS servers hack.

Representatives of MyEtherWallet have already confirmed that a number of DNS servers have been replaced by unknown hackers for redirecting users to a phishing site. They also added that the problem arose not on the side of the service and at the moment they are trying to identify problem servers and resolve the situation.

MyEtherWallet Twitter
MyEtherWallet Twitter

Affected users used Reddit to report on the hack.

Went on to myetherwallet and saw that myetherwallet had [an] invalid connection certificate in the corner. As soon as I logged in, there was a countdown for about 10 seconds and A tx was made sending the available money I had on the wallet to another wallet  '0x1d50588C0aa11959A5c28831ce3DC5F1D3120d29.' I have no idea what happened.

rotistain at Reddit

Developers gave their advices.

Do not use myetherwallet.com if you're using Google Public DNS ( / at this moment. It seems these DNS servers are resolving the domain to a bad server that CAN steal your keys!

Micky Socaci

Lead developer, BlockBits. io

The official statement of MyEtherWallet said that the problem affected only those who used DNS-servers from Google. The service strongly encourages all users to use the server from Cloudfare.

Representatives of the resource also reminded users about the basic security rules: checking the SSL certificate, preferring the use of an offline copy of MyEtherWallet, storing crypto currency on hardware devices. In addition, they asked users to ignore scammers offering free distribution of ETH tokens.