ZenCash to Undergo 51% Attack

The attacker was able to double spend two large transactions for a total of $ 550,000
04 June 2018   397

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. 

Tron and Zencash are Now accepted at Pornhub

The world’s largest adult entertainment websites Pornhub, now accepts cryptocurrency Tron as payment: this is significant for the newly independent Tron
27 June 2018   431

Tron was ran on the Ethereum blockchain in April 2017 but soon declared itself as a competitor to its progenitor. It then migrated to a Beta version of its own blockchain at the end of May. Tron`s value has been steadily falling since its migration.

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TRON charts

Pornhub introduces major new marketplace for Tron. Working since 2007, the site issued its 2017 ‘year in review’ in January and the numbers are staggering. 81 million visits a day (or 28.5 billion a year), 25 billion searches performed (that’s 800 per second), 68 years worth of porn uploaded, and 3,732 petabytes of data transferred - “every 5 minutes Pornhub transmits more data than the entire contents of the New York Public library’s 50 million books.”

Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.
Corey Price
Pornhub VP

Another digital currency now accepted by Pornhub is Zencash, that is a fork of Zcash. Like it Zcash, Zencash is an anonymity-focused coin. Both they are similar but Zencash has additional features such as encrypted messaging and secure nodes - a small number of blockchain nodes that protect the blockchain from attacks, motivated to do so with a reward system similar to proof-of-stake. It has a market cap of $67 million (Zcash is at $682 million).

Pornhub was acquired by MindGeek in 2010. MindGeek is a Canadian pornography group that has been aggressive in its acquisitions over the last decade, according to Forbes, and now owns 8 of the 10 largest pornography websites. Tron has been making huge steps since its migration. It purchased software firm BitTorrent at the beginning of June for an amount which stays undisclosed but is reckoned to be well over $100 million. Some found this puzzling because BitTorrent is a file sharing website that is completely open source.

Tron Price at the Moment of Press: $0,039690 
Market Cap: $2 609 542 551
Volume (24h): $109 684 000