The price of cryptocurrencies just fell, wiping out hundreds of millions of dollars. The solvency of numerous tokens has been questioned after the Terra crisis. Record outflows and liquidations indicate a lack of confidence in the cryptocurrency market.
DARPA, the research arm of the Pentagon, ordered a study to examine how truly decentralized blockchains are. The security firm hired by DARPA, Trail of Bits, focused largely on Bitcoin and Ethereum but also discovered evidence of significant security holes in the blockchain system.
The study explained how decentralized bitcoin and Ethereum are. It also showed that in the case of Bitcoin and Ethereum, only a set of four entities and two entities, respectively, are required to modify historical transactions.
Effectiveness of mining questioned?
The effectiveness of the mining method is also questioned in the report. It claims that there are no standards in place to penalize dishonesty and that Bitcoin miners are not participating in the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...