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51% attack on Bitcoin Cash, RandomX in Monero, Samsung Pay

05/27/2019
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  • hackers_cryptocurrency
News list

Censorship of mining pools of the Bitcoin Cash network, Monero switches to the RandomX algorithm. For Samsung Pay it will be possible to pay cryptocurrency.

Successful 51% Bitcoin Cash Attack

Two large cryptocurrency pools made a 51% attack on the blockchain Bitcoin Cash. It was crowned with success, which did not allow an unknown miner to withdraw the coins received in 2017. BTC.top and BTC.com pools jointly control more than 43% of the BCH hashrate, which allowed them to transfer funds to their wallets.

After hardfork 2017, technical problems arose in the Bitcoin Cash network, as a result of which an anonymous hacker was able to receive a certain amount of coins. To prevent their withdrawal, BTC.top and BTC.com merged and took control of the network. For this, they used rented capacity. Although this action was carried out without criminal intent, it caused controversy in the community. Indeed, as a result, the security and independence of the blockchain are questioned.

What White Hackers do? Successful 51% Bitcoin Cash Attack

Monero moves to a new algorithm RandomX

The Monero blockchain team (XMR) has announced plans to move to the new RandomX algorithm. To do this, she used the services of Arweave, which will conduct an audit and development of new software within two months. According to some reports, it will cost about $ 150,000 for the Monero team.

For this money, a solution will be created that will help cut off ASIC miners from mining cryptocurrency. In addition, due to changes in the algorithm, the power requirements for computing equipment will increase. In particular, the system will have to allocate 2GB of RAM on the device. This greatly complicates cryptojacking, which is a serious problem for the most anonymous cryptocurrency.

Monero moves to a new algorithm RandomX

Samsung Pay will receive cryptocurrency support

According to the Korean edition of Business Korea, the Samsung Galaxy S10 mobile wallet development team is moving to the company's service division. There it will be engaged in the integration of cryptocurrency in Samsung Pay. This payment system has great popularity in the Asian region, and a sufficient number of customers around the world.

It is expected that the integration of cryptocurrency in Samsung Pay will allow users to make payments with minimal fees. At the moment the project is underway. The project will be supervised by Kim Yong-jae, vice president of the corporation service division.

Samsung Pay will receive cryptocurrency support

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