Threats & attack surface
Cryptojacking, 51% attacks, malicious mining scripts and network risk.
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Transaction validation and Bitcoin mining are distinct yet vital processes protecting the integrity of Bitcoin. In the Bitcoin blockchain, nodes validate transaction blocks. After that validated blocks are sent to miners who verify them. Read this article to learn more about the difference between mining Bitcoin and va
While blockchain technology promises transparency, security, and immutability, several networks have come under 51% attacks in the past. These attacks are executed by malicious entities, which seek to control over 50% of a particular network’s hashing power. When they do, these entities can manipulate the blockchain an
An individual crypto miner used a device with a computational power of only 500 Gh/s (gigahashes per second) to generate a block on the Bitcoin blockchain on Wednesday evening. The news was first shared on X by Altair Technology, a leading retailer of Bitcoin mining devices. Altair Technology Reveals Mining Device Used
Crypto users who run masternodes play a key role in the operations of blockchain networks. Their contribution is never free. Instead, they earn rewards. However, to become a masternode operator, you need technical skills and a relatively huge initial investment. This article discusses everything you need to know about
As the crypto space continues to become popular, bad actors have created malware to steal computational power from entities and individuals through cryptojacking. In this article, we will explain everything you need to know about cryptojacking and how to minimize the chances of being attacked by perpetrators. Cryptojac
Back when crypto mining was relatively cheap, several websites were created, allowing miners to mint new Bitcoin. As mining difficulty increased, these websites ceased operations due to stiff competition from mining firms that used powerful equipment. However, browser-based mining appears to have made a comeback in rec
All proof-of-work blockchains require miners to follow certain rules when validating transactions. Mining algorithms guide the miners. In this guide, we will discuss the CryptoNight mining algorithm. Keep reading to learn more. Understanding Proof-of-Work (PoW) Consensus Algorithm PoW consensus algorithm is adopted by
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Bitcoin miners and Bitcoin nodes are two vital elements of the Bitcoin ecosystem. While many use the terms interchangeably, they have major differences, which we seek to discuss in this article. So, stick around! Bitcoin Node Explained A node is a computer that runs the Bitcoin software on the network and stores blockc
On Monday, a team of Web3 developers released a detailed plan titled BitSnark and Grail to enable the launch of rollups on Bitcoin. Rollups have been used on other blockchains for several years, but many deem the concept impractical on Bitcoin, the oldest blockchain. So, what are rollups? They are systems designed to b
The Bitcoin halving finally happened. The event reduced miner rewards to 3.125 BTC. Are you still interested in venturing into crypto mining? If so, there are a few terms that you might want to understand first before committing any funds. One of them is a nonce. In this article, we will explain everything you need […]
Several blockchains have adopted the Proof-of-Stake (PoS) consensus mechanism to verify transactions. Such chains require validators to create and confirm blocks of transactions. Each validator must stake a specified amount of tokens as collateral to start validating transactions. There are two types of staking: Tradit
In traditional financial systems, when transactions are confirmed, it is impossible to be undone. The same concept applies to blockchain. When finality is attained, the transactions become permanent and can’t be reversed. Finality is usually attained through consensus on a blockchain network. Blockchains employ varying
Validators are important parties in any blockchain network. They verify and add transactions to proof-of-authority and proof-of-stake blockchains. Validators usually check whether the impending transactions follow the rules of a particular blockchain. Moreover, blockchain validators are responsible for maintaining the
Mining cryptocurrencies like Bitcoin, Litecoin, and Dogecoin requires intensive energy use. This is because they employ a consensus mechanism known as proof of work (PoW). But crypto mining no longer has to consume a lot of energy, thanks to another consensus algorithm called proof of stake (PoS), which several top cry
Staking ETH with Rocket Pool allows you to participate in securing the Ethereum network while receiving rewards. In this guide, we will show you how to stake ETH with Rocket Pool. Stay tuned to learn more. Ethereum Staking In September 2022, Ethereum transitioned from the Proof-of-work consensus mechanism to Proof-of-s
The blockchain technology that allows cryptocurrencies like Bitcoin to function is usually a decentralized database without any centralized entity to control it. As a decentralized database, blockchain is secured by parties that operate nodes across the globe. This is made possible by the proof-of-work consensus mechan
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Although a number of tokens have transitioned to the proof-of-stake consensus mechanism, there are still several tokens that have stuck with the proof-work algorithm, making them mineable. Among the cryptocurrencies that can be mined in 2023 is Grin. Do you wish to generate passive income through mining Grin? If so, ke
Despite Ethereum transitioning to a proof-of-stake consensus mechanism, crypto mining has remained an attractive venture. And the best part is that those interested in mining cryptocurrencies no longer need to buy expensive equipment. Instead, they can use the services of cloud mining platforms like HashFrog. In this a
Hashing24 is among the first platforms that started offering cryptocurrency cloud mining services. Keep reading this guide to learn more about the platform’s features, along with its pros and cons. Exploring Hashing24 Launched in 2012, Hashing24 is a popular crypto cloud mining provider, allowing people to mine Bitcoin
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Mining is an important aspect of the Bitcoin ecosystem. But what does Bitcoin mining mean? Keep reading this article to learn more about Bitcoin mining. Understanding Bitcoin Mining As a beginner, you may think Bitcoin mining is like digging the ground for coal or gold. But that’s not the case. Instead, it refers to th
After the United States Securities and Exchange Commission launched a regulatory attack on Binance.US earlier this year, the exchange decided to stop supporting US dollar withdrawals. Since then, American crypto users have been looking for other trading platforms that allow USD withdrawals. This article lists some of t
Crypto Funding Stats 2023 Galaxy Research’s latest report suggests that venture capitalists are shying away from the blockchain ecosystem. For the first time since 2020, the number of deals closed is below 400 after three quarters. By comparison, the blockchain analytics company reported 600 deals worth $6 billion at t
Hamas’ Binance Accounts Frozen On Wednesday, Israel’s Ministry of Defense announced it had collaborated with crypto exchange Binance to freeze several Hamas-linked trading accounts. The move comes a few days after the terror group attacked the Jewish country, leaving over 900 people dead. Binance helped the Israeli aut
Sometimes, the prices of cryptocurrencies may vary from one exchange to another. This scenario presents a good trading opportunity for arbitrage traders. In this article, we will focus on arbitrage trading. Keep reading to learn more about this type of trading. Exploring Arbitrage Trading Arbitrage trading involves exp
Over the last six years, several Ethereum scaling solutions have emerged. Among them is Polygon. This network’s ability to execute fast and cheap transactions has attracted many developers. Moreover, Polygon has its native token, MATIC. It is one of the top ten cryptocurrencies by market capitalization. In this article
Over the past few months, Worldcoin has been making headlines, with many wondering what the crypto project is all about. Are you one of them? Well, stick around. In this article, We will explain everything you need to know about Worldcoin. Exploring Worldcoin Worldcoin aims to grant users unique digital identities by s
Decentralized exchanges (DEXes) have become popular among crypto users in recent months because they do not have many restrictions like centralized exchanges. One of the DEXes that have seen massive adoption is ApeX Exchange. Keep reading this article to understand how this decentralized exchange works, its features, h
Among the crypto projects that focus on facilitating payments is XRP Ledger. Over the years, this project has been supporting micropayments in an effort to disrupt the traditional finance (TradFi) industry. But does this mean XRP Ledger’s native token, XRP, is worth buying? To answer this question, we will explore all
The emergence of crypto assets has forced regulators across the world to develop new policies to ensure crypto players carry out their activities in a compliant manner. However, some regulatory agencies have yet to formulate rules for crypto. For example, the United States Securities and Exchange Commission (SEC) is us
For years, bad actors have been using social media platforms to lure innocent investors into scams. To understand how you can identify and avoid such traps, continue reading this article. Crypto Social Media Scams With billions of people now able to access various social media platforms, thanks to the availability of t
The SFC’s New Regulations On Monday, Hong Kong’s SFC (Securities and Futures Commission) announced new measures that would help enhance security and transparency in the crypto sphere. One of the measures involves the publication of a list featuring licensed, application-pending, and shutting down VATPs (Virtual Asset T
ZachXBT is a popular name within the crypto space. The pseudonymous X user focuses on exposing scams and hacks in the blockchain industry. This guide explains everything you need to know about ZachXBT. Introducing ZachXBT ZachXBT is a well-known on-chain detective who uncovers rug pulls and warns crypto users of suspic
Kraken has been in operation for over a decade. That means it has weathered several bear markets to become the established and reliable crypto exchange it is in 2023. This article focuses on Kraken. You will learn its history, features, and how to get started. Understanding Kraken Kraken is a crypto exchange based in t
Like other sectors, the crypto space has bad actors looking to rob investors who seek investment opportunities. There have been several instances where Web3 developers collect funds from investors, then abandon their projects and disappear. Given the decentralized nature of blockchain, it is difficult to track down the
The crypto industry is filled with complexities, making it difficult for newbies to understand. This also causes them to shy away from investing in crypto assets. However, crypto exchanges have come up with ways to address this issue. Most of them have developed features to help new crypto users to trade seamlessly. Th
Blockchain technology is revolutionizing how we make our daily transactions. Web3 firms are using it to provide solutions for making transactions securely and fast. Crypto cards are among the solutions. This article lists ten benefits of using one of the popular crypto cards, Wirex. Wirex Crypto Card Benefits Seamless
The Elliptic Report Elliptic, a blockchain surveillance company, released a report on Friday regarding the exploits executed by the notorious cybercriminal group Lazarus. The firm noted that the group was involved in five major attacks over the last three months. Last week’s exploit on cryptocurrency exchange CoinEx wa
Did you know you can use your crypto assets to secure a loan in the decentralized finance (DeFi) world? If not, this guide is for you. We will take you through the process of securing a crypto loan. Crypto Loan Defined Crypto loans are similar to loans obtained from traditional banks. What makes them different […]