Blockchain Monero is in demand with miners, a hacker application has been found in the official Google Play store. Ethereum Network Ready for Constantinople hardfork.
During the last month, the computing power of the Monero network has tripled, and almost reached its historic maximum. Moreover, about 85% of the hashrate is accounted for by specialized equipment - asics. This may indicate that professionals see the potential growth in the price of this particular coin.
At the same time, the development team is not very pleased with the situation. This inbalance makes mining at conventional devices unprofitable, and reduces blockchain decentralization. Therefore, every 6 months there are forced to change the encryption algorithm using forks. However, as practice has shown, this is not a very effective measure. After the autumn hardforks, the hashrate fell by half, but then returned to its previous level in two weeks.
Eset company experts found in the official Google Play store as malicious software. It was disguised as a mobile cryptocurrency wallet MetaMask. And the company MetaMask has never released such software. The purpose of the fraudsters was to obtain personal data of users. As a result, funds in the Ethereum tokens could be transferred to the fraudsters’ account.
At the moment, the malware has already been removed from the store. Experts note that this is the first identified case of a hacker application penetrating the official Google Play store. However, there is no guarantee that such situations will not be repeated. Therefore, in Eset they recommend to download applications only on the links of the official website of developers.
Due to the fact that the hardfork of Constantinople never took place, a “bomb of complexity” worked in the blockchain. It led to the fact that it takes at least 20 seconds to generate one block. As a result, the annual emission approached the level of 4%.
Against this background, there was a message about the new dates for hardforks. It is expected to occur in the 7,280,000 block. It will happen on February 25, when developers will cancel the launched complexity bomb. As a result, the generation of one block will take about 13 seconds, but the reward will drop to two coins. At the same time, daily emission will return to a stable level of 13,400 ETH per day.
Why this time is too difficult for the Ethereum blockchain?