History Since the launch of Bitcoin in 2011, many new competing cryptocurrency projects have been created. Bitcoin and its clones like Lite coin use the first consensus protocol – Proof-of-Work (PoW), which has advantages and disadvantages. The main advantage is that anybody who wants to control the whole network needs to generate more than 50% … Read more
ERC-20, what’s next? History Why was ERC-20 introduced? Even though it was possible to create smart contracts representing “tokens” before the ERC-20 proposal but those smart contracts are incompatible to each other unless individual developers agreed to honor individual interfaces. There are various implementations of these “tokens” even via the traditional Bitcoin blockchain, though Bitcoin … Read more
Cryptocurrency “mining” is very popular today. More and more people “mine” it and get profit. It is not rare case when a malware installs a “miner” on an infected workstation and turns it to a mining machine to create profit for a threat actor. But now anybody may become a victim of such tactic without … Read more