There are several important concepts behind cryptocurrency. The first and most basic is security. We believed that trust between users was secured by the system. And this concept has justified itself. But there are still exceptions. Despite ETC’s claimed primacy of code, it was subject to a 51% attack. This is unfortunate and resulted in […]
Decentralization, or the spreading out of control over a network, is the key component of cryptocurrencies. So what happens if a group is able to gain the majority control of a coin’s hashing power? They would have to have at least a 51% of total global hashpower for this to be the case.
Blockchain has become one of the most recognized terms in recent years thanks to the rise of Bitcoin. Many understand that this technology is associated with crypto, but few realize the potential of such a secure ledger technology, which holds the key to a transformation of commerce, information, and governance the world over! Even fewer […]