Vertcoin 51% Attack Could Have Caused $100K in Double Spending

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth […]

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Why Use Blockchain Technology? – Bitcoinist.com

Why use blockchain technology? While there are certainly a lot of advantages to a distributed ledger, it may not be applicable to all companies or individuals–not yet, at least. The second question people usually ask when they hear about blockchain is–why use blockchain? Why use a distributed ledger? Why not use a regular database or […]

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