Weiss Cryptocurrency Ratings Face DDoS Attacks

Weiss Cryptocurrency Ratings reported not being heavily damaged after DDoS attacks the night before the release of highly anticipated cryptocurrency ratings list
25 January 2018   1470

On January 22, we have reported that Weiss Ratings, an independent rating agency of financial institutions, had announced it would issue letter grades on cryptocurrencies, basing them on a model that analyzed thousands of data points on each coin’s technology, usage, and trading patterns.

On January 24, Weiss Ratings reported that the team of the project was busy all night before the release of the ratings trying to avert service attacks from Korea, which were aimed at bringing down the Weiss Ratings website.

Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies. So this may be an attempt to thwart our release today.
 

Martin D. Weiss

Founder, Weiss Ratings

Moreover, the founder of Weiss Rating stated that more than 100,000 unique visitors explored the website within just several hours, almost entirely from Asia, and the Weiss Ratings staff had to expand the server capacity on the cloud many times over in order to handle the volume.

Weiss Cryptocurrency Ratings ExampleWeiss Cryptocurrency Ratings Example

Nevertheless, the attacks did not damage the website and the ratings were successfully released, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others, causing a lot of controversy and arguments in the cryptocurrency community.

VeriBlock to Report on Mainnet Launch

VeriBlock believes their technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”
21 March 2019   79

Using the bitcoin blockchain to ensure the safety of altcoins, the VeriBlock project announced the launch of the main network. This is reported in a press release.

According to the developers, the VeriBlock technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”. The project is confident that this approach not only ensures the security of less popular networks, but also allows their developers to focus on innovation and functionality.

According to analysts of The Block, 25–45% of bitcoin transactions fall on VeriBlock. The VeriBlock network uses a consensus algorithm called Proof-of-Proof (PoP). The project seeks to ensure the safety of other blockchains by loading a snapshot of the altcoin registry into the BTC blockchain, using the OP_RETURN function and other methods to embed network state data.

The project’s website states that PoP allows altcoin networks to use the most protected Bitcoin blockchain with its Proof-of-Work algorithm.