ZenCash to Undergo 51% Attack

The attacker was able to double spend two large transactions for a total of $ 550,000
04 June 2018   1507

The network of ZenCash cryptocurrency was attacked. The initiator of the attack, which captured more than 51% of the hashrate of the network, was able to reorganize the blocks in the blockchain and double spend two large transactions. This is reported by Bitcoinist.

ZenCash cryptocurrency was attacked; one miner was able to take 51% of the network's processing capacity. This allowed the initiator of the attack several times to reorganize the blocks in the blockchain, and the largest modified chain contained 38 blocks. The attacker was able to double spend two large transactions for a total of $ 550,000. Mining-pool operators alerted the ZenCash team about the issues. ZenCash team recommended that all exchanges to increase the number of transaction confirmations.

During the attack, approximately 110 blocks were mined, and its duration was about 4 hours. 1 hour of this attack costs the organizer $ 7,700.

ZenCash is a crypto currency with the Proof-of-Work mechanism of consensus and the Equihash mining algorithm. 

Messari to Issue "Crypto Theses for 2020"

According to the report of the analytical startup, Binance and Twitter CEOs Zhao and Dorsey are the top "people to watch" next year
18 December 2019   394

The analytical startup Messari presented a rating of persons and trends that will predetermine the further development of the cryptocurrency market.

Binance Exchange CEO Changpen Zhao is on the first place among people. Researchers responded to the active development of the site and the huge influence of Zhao himself on the opinion of the crypto community.

Second place went to Twitter co-founder Jack Dorsey, who opened a cryptocurrency branch in his payment company Square and promoting the ideas of bitcoin to the masses.

Researchers awarded third place to lawyer Brian Klein, who is currently running the case of Ethereum developer Virgil Griffith, accused of violating US sanctions laws. According to them, in the next decade, the cryptocurrency industry will face many lawsuits.

In fourth place was the director of strategic development of CoinShares investment company Meltem Demirors, who used the term “shtcoin” at the Libra vs. USA congress.

Fifth place went to US Congressman Brad Sherman, who, according to Messari, poses a threat to cryptocurrencies, calling them a tool of terrorists and tax evaders.

Morgan Beller, co-founder of the Libra project from Facebook, took the sixth line of the rating.

MakerDAO Foundation CEO Rune Christensen, who influenced the DeFi ecosystem and managed to solve several critical problems in his own project, is in seventh place.

On the eighth line is Zcash founder Zooko Wilcox, who continues to contribute to maintaining confidentiality in the cryptocurrency market.

The ninth place is held by the founder of TRON, Justin Sun, thanks to the successful acquisition of BitTorrent, Poloniex and Steemit, as well as a scandalous dinner with Warren Buffett.

On the tenth, host of the popular Bitcoin podcast, Peter McCormack. Researchers noted his significant contribution to the popularization of cryptocurrencies and the educational content of his programs.