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Coinbase Ethereum Hard Fork 2018

Coinbase Bug Made It Possible To Reward Yourself With Unlimited Ethereum

Coinbase Bug Made It Possible To Reward Yourself With Unlimited Ethereum

Coinbase bug made it possible to reward yourself with unlimited Ethereum You might have missed a one-off opportunity to become a cryptocurrency multi-billionaire. It appears popular exchange desk Coinbase suffered from a flaw in its Ethereum smart contract setup, which made it possible to reward yourself with a virtually infinite sum of ETH, according to newly surfaced vulnerability report . The jarring vulnerability was discovered by Dutch fintech firm VI Company, which reported the issue to Coinbase back in late December last year. The exchange desk fixed the issue a month later in January and has since rewarded the Dutch company with a $10,000 bounty. By using a smart contract to distribute [ETH] over a set of wallets you can manipulate the account balance of your Coinbase account, the researchers wrote in a HackerOne report submitted to the exchange desk. If [one] wallets transaction in the smart contract fails all transactions before that will be reversed, VI Company explained. But on Coinbase these transactions will not be reversed, meaning a person could add as much Ethereum to their balance as they want. This practically meant that anyone could have abused this glitch to credit their wallets with infinite amounts of Ethereum. The researchers have provided screenshots proving they were able to successfully exploit the glitch. They have also linked to the faulty transaction on Etherscan . VI Company has also since detailed the steps it took to exploit the bug: Setup a smart contract with a few valid Coinbase wallets and [one] final faulty wallet Transfer appropriate funds to smart contract Execute smart contract adding the set amount of ether to the Coinbase wallets without ever actually leaving the smart contract wallet because the complete transaction fails at Continue reading >>

Should You Leave Coinbase? Some Bitcoiners Say Yes

Should You Leave Coinbase? Some Bitcoiners Say Yes

Should You Leave Coinbase? Some Bitcoiners Say Yes By Joe Liebkind | Updated February 16, 2018 10:20 AM EST Bitcoin was originally conceived as a decentralized form of currency and a way to reduce the need for trust in transactions.However, as Haseeb Qureshi eloquentlysaid, The key innovation of cryptocurrencies is that they decentralize trust.They do not eliminate it. Trust extends well past the coin itself, and the young cryptocurrency environment is fraught with many challenges that complicate the issue. Foremost amongthese thorny issues is the role that exchanges play in the process.For thosewho are actively buying, selling, and speculating in cryptocurrency, trust is paramount.However, high-profile hacks and frequent exchange outages make thisa difficult task, so much so that some of the biggest names in crypto face a huge credibility problem. Coinbase, one of the largest wallet and exchange platforms for cryptocurrency, currently finds itself in the eye of storm. On February 15, 2018, Coinbase confirmed in a statement on their Medium blog that it had massively overcharged the accounts of some users after complaints began to pour in on Reddit, Twitter, and other online forums. The platform said the issue was related to a recent change in the way credit cards code purchases of digital currency andthat all accidental charges would be refunded. Coinbase faced the same issue in May of 2016. Recent events like these,combined with the relative infancy of this new trading paradigm,have quickly soured sentiment amongmany bitcoin loyalists. Although a popular destination for newer entrants and investors, the more tightly knit community of active traders is spurning the brand after several more notable debacles. Apart from a recently opened investigation into insider tradin Continue reading >>

Upcoming Bitcoin Forks In 2018 Heres What To Watch For

Upcoming Bitcoin Forks In 2018 Heres What To Watch For

Last updated on March 26th, 2018 at 10:57 am Back in August 2017, the first coin created from a Bitcoin fork came into existence: Bitcoin Cash . However, since then, two other coins have also been forked from Bitcoin: Bitcoin Gold (October 2017) and Bitcoin Diamond (November 2017). Most people are still wondering what these forks are, how they happen, and how one can profit from them. Heres my take on all of this. We discussed Bitcoin forks back when Bitcoin Cash was just coming out. If you want the full explanation, you can read the original post. If you want the quick and dirty explanation,keep on reading this post. A fork is basically an alteration of the current Bitcoin code (or protocol). It means someone is changing the rules. Imagine youre playing a game with thousands of people from all around the world and then someone says, Lets change the rules. Normally, for the game to work properly, everyone needs to agree on the rules being changed. If that happens, then the change is implemented and everything continues as normal. If there isnt a large consensusabout the change, two versions of the game will be created (one with the old rules and one with the new rules)in other words, there will be a fork in the game. The same can happen with Bitcoins code. Generally speaking, when a fork happens, youll have an original Bitcoin and a new Bitcoin. For example, Bitcoin Cash changed the block size from 1 MB to 8 MB so more transactions could be processed with each block. There were those who supported this change and switched to a new coin called Bitcoin Cash (or Bcash), and there were those who decided to stay with the original rules and keep using the original Bitcoin. Of course, this is a very simplified explanation of forksnot all forks are created equal. There are sof Continue reading >>

Etherzero Team Cancels Plans To Hard Fork Ethereum

Etherzero Team Cancels Plans To Hard Fork Ethereum

In the world of cryptocurrency, hard forks are seemingly the new altcoins. More specifically, a lot of developers want to hard fork existing currencies rather than build their own coins from scratch. In the case of Ethereum, one of those hard forkswas known as EtherZero. However, this fork has been canceled due to a lack of community support and big trading platforms. Its a very interesting decision, although few people will mind that the fork will not happen after all. It is evident that Bitcoinwas subject to quite a few hard fork attempts in 2017. Bitcoin Cash and Bitcoin Gold are perhaps the most notorious ones, even though Bitcoin Gold is very different from both Bitcoinand Bitcoin Cash. It is evident that this way of creating currencies will affect altcoins in the future as well. While the concept of taking existing code and turning it into anew project is not uncommon, it seems developers are far too keen on creating hard forks and airdrops right now. Thats not a favorable course of action by any means, as most of these hard forks serve no purpose whatsoever. The first altcoin to have receivedsuch hard forks/airdrops is Ethereum. Given Ethereums position in the world of cryptocurrency, that is not entirely surprising. It is evident that people like whatthis project has to offer andwish to make a quick buck from introducing so-called hard forks. Moving away from the original codebase for no apparent reason usually means the new fork is just a money grab which serves no real purpose. This is very different from how Ethereum Classic was created, as this currency exists due to ideological differences between parts of the Ethereum community regarding the bailout of The DAO. The first major Ethereum hard fork which was set to occur in 2018 is EtherZero . Although most Continue reading >>

Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018

Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018

EtherZero - A Revolutionary Ethereum Hard Fork, Forking on 19th Jan 2018 Also a Ethereum hard fork, what difference would EtherZero make? Also a Ethereum hard fork, what difference would EtherZero make? Although there are many bitcoin fork outside, there are only few Ethereum fork on the way. The two already announced Ethereum fork had some trouble with its fork height and changes several time, which lead to a result that many trade platform trust has been lost. However, this time, a new Ethereum hard fork, EtherZero, wish to change the current situation , it may become the most successful Ethereum hard fork that the history has ever had. So now lets find out together what the EtherZero really is and what on earth outstanding charateristics they have: Allocation: Total supply is about 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: about 6 million ETZ per year (about 5% inflation and declining year by year) Currently EtherZero team is made up by 20 people, these people are from different country, also we are cooperating with many famous DAPP development workshops from India and East Europe, most of our team member are professional DAPP developers, although we are not famous for now, the techniques are no questioning here. 0 TX fee, meet any requirement of DAPP s development, arrangement and operation; Payment instantly, is suitable for more trade scene; Two layer network system high scalability, Allow DAPP to be used by mainstream people. You may be curious about the masternode sytem, here is a more specific explanation of it: Our idea is to improve and stabilize the market value of ETZ, and we are trying to get ETZ's market value at 10% of the Ethereum in the short term. The masternode can benefit more cash users. We expect the initi Continue reading >>

Dogecoin Hard Forks To Dogethereum Later In 2018

Dogecoin Hard Forks To Dogethereum Later In 2018

News that Dogecoin had become a test asset for Ethereums inter-coin Rinkeby testnet has sparked a project aiming to hard fork it later this year. Dogethereum (DOGX), which shares its name with the Rinkeby project known as Dogethereum Bridge , is looking to branch off from the Dogecoin chain in fall. This would constitute Dogecoins first ever hard fork. Dogethereum is new decentralized digital currency, it will be founded on snapshot of popular Dogecoin, based on ETH algorithm with fastest speed of transactions, smart contracts, developers describe on Bitcointalk Monday. Our goal it to push Doge currencies to the brand new direction, with no ASIC mining, speed and simplicity. Dogethereum Bridge came about as part of Ethereums truebit technology a plan to help the largest altcoin scale to meet user demand. On February 5, engineers managed to send DOGE to Rinkeby, marking a major step in cryptocurrency interoperation and sparking renewed interest in the altcoin many assumed was simply a meme in cryptocurrency form. CryptoKaiser (@iz_me_alex) February 19, 2018 The hard fork project appears to want to capitalize on the truebit achievement meanwhile, with Bitcointalk suggesting smart contracts would drive price performance. There are no any ICOs, premines or other manipulations, the announcement on the forum continues. [] Project starts free for all, easy for initial GPU mining and making good profits. Price of DOGX tokens may become even higher when full power of smart contracts will be unleashed. Controversy around hard forks of popular cryptocurrencies nonetheless remains palpable in the wake of the recently-announced Litecoin Cash. Promising enhanced user experience and SegWit support from the outset, Litecoin creator Charlie Lee was quick to reiterate that any fork of t Continue reading >>

Etherzero Hard Fork Coming January 19, 2018 What You Need To Know

Etherzero Hard Fork Coming January 19, 2018 What You Need To Know

A new fork of Ethereum, called Ether Zero , is on its way. It claims the potential to be the most successful Ethereum hard fork that history has ever had. Currently, the Ether Zero (ETZ) team consists of 20 people from India and East Europe. They claim to be unknown at the moment, but their techniques are no questioning here. On its webpage , ETZ is stated to be built daily using DAPPs with EtheZero Platform. EtheZero have all the deam features of all Dapp developers needed: 0 TX fee,instant pay and high scaling of thousands of TPS. Made by Dapp developers, for Dapp developers. Its main features include Instant payment, Zero Tx, High scalability and a Two layer network system. Its developers expect ETZ to have an initial capitalization of 10% of Ethereums current. This should give an Ether Zero the price of $70. Allocation: Total supply is about 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: about 6 million ETZ per year (about 5% inflation and declining year by year) You can contact the ETZ team via these addresses: Continue reading >>

2018 Recent And Upcoming Bitcoin Hard Forks: What You Need To Know

2018 Recent And Upcoming Bitcoin Hard Forks: What You Need To Know

2018 Recent and Upcoming Bitcoin Hard Forks: What You Need to Know If you thought Bitcoin Cash , Bitcoin Gold , and Bitcoin Diamond were excessive, weve got a surprise for you: Bitcoin has 7 forks lined up going into the new year. Thats rightsix shiny new mints bearing Bitcoins name. Super Bitcoin, Lightning Bitcoin, Bitcoin God (no joke) Bitcoin Uranium, Bitcoin Cash Plus, Bitcoin Silver, and Bitcoin Atom are slated to launch throughout the holidays and going into the New Year. This will double the number of forked currencies within the a couple of months, leaving the market with 8 total Bitcoin derivatives to choose from. For those that dont know, a hard fork is a method for developers to update and alter Bitcoins software. Once Bitcoin reaches a certain block height, miners switch from Bitcoins core software to the forks version. After this split, miners begin mining the new currencys blocks, creating a new chain entirely and a currency to go with it. Bitcoin Cash was the first hard fork to occur on Bitcoins blockchain, followed by Bitcoin Gold and Bitcoin Diamond. As you can probably imagine, hard forks have become a hot topic within the crypto community. Many believe that they are necessary for improving the network and solving Bitcoins scalability issue, as with Bitcoin Cash. Others have criticized them as money making schemes, as anyone holding Bitcoin at the time of a fork receives an equal share of the new currency. Whether you love em or hate em, its important to understand what each fork is and what it wants to accomplish, and given the number coming up, theres a lot of information to digest. Thats why we compiled info on each fork into these manageable chunks, to make that research a bit easier to swallow. Time to dig in. The first of our new forks, Super B Continue reading >>

Fork Confusion Propels Litecoin To 1-month High Above $200

Fork Confusion Propels Litecoin To 1-month High Above $200

Fork Confusion Propels Litecoin to 1-Month High Above $200 Feb 14, 2018 at 14:15 UTC|UpdatedFeb 14, 2018 at 14:21 UTC Litecoin (LTC) is putting on a show today amid news a group of developers may seek to fork its blockchain, the fifth-largest by total value. The cryptocurrency was last seen changing hands at $216, a one-month high,according to data service CoinMarketCap . Overall, LTC has appreciated by 33 percent in the last 24 hours, up over 100 percent from the Feb. 6 low of $106.94. Further, with the move, litecoin's market capitalization has jumped above $10 billion for the first time since Jan. 29. Still, the reasons for the move may give investors pause. LTC appears to be edging higher due to news of an upcoming fork called "Litecoin Cash," which is promising new tokens to existing holders at block 1,371,111.For every 1 LTC held at block 1,371,111, holders will receive10 "LCC," according to the official website. However, there is a notable contingent that is warning about the new cryptocurrency. Litecoin foundercreator Charlie Lee and the litecoin community have dismissed the project, calling it a "scam" meant to confuse litecoin owners. Bitcoin similarly boomed on the release of a rival blockchain called bitcoin cash last year, though there were perhaps more stark differences between the two technologies, both propelled by competing ideologies. Closer analysis shows the LTC price increase has been bolstered by strong volumes from Coinbase's GDAX exchange, a sign less-savvy consumers may be active in the market. However, questions about the fork aside, technical charts indicate the news may be enough to extend a rally in the flagging market. The above chart (prices as per Coinbase) shows: LTC has breached the falling trendline resistance on the back of a sharp r Continue reading >>

Ethereum Classic Etc On Coinbase?

Ethereum Classic Etc On Coinbase?

The pump we are seeing right now is probably mainly due to the callisto airdrop what will happen 5 march. What is happening, is the same as we saw when their was a bitcoin fork coming up. Weeks/days before the fork the prices keep going up until the forks happen. Quote from: ColdZerk on February 14, 2018, 08:49:43 AM If it is true, we could see a very powerful pump some time later. ETC is heavily undervalued now. HardFork+CLO Airdrop are coming soon... Dont be greedy because of airdrop. Airdrop can make the price but it will go down rapidly after the airdrop. The price will not be consistent because the rise of the price is just temporary. Quote from: imnotthereye on February 14, 2018, 08:34:13 AM A deleted tweet from last month which could explain the current pump? There is no valid reason Coinbase to add ETC. There were the same speculations for Ripple and few more in past months. On 5th Marc there will be airdrop/fork of ETC called Callisto. This is the reason for recent peak. I think the price action is because of the upcoming airdrop and nothing else, this is a common phenomenon, Ardor and Ignis airdrops are two recent examples, people just need to be very careful of these price manipulations because most people will be trapped in FOMO and most of the time the price is likely going to deep significantly after the airdrop Quote from: imnotthereye on February 14, 2018, 08:34:13 AM A deleted tweet from last month which could explain the current pump? I think The current rise in ethereum classic is not related to coinbase listing rumours or tweet. ETC has a list of updates coming in future one of them is the hard fork (Callisto). so many will buy into it now to get the benefit of the fork. which is leading to the price rise of ETC. That Tweet of Brian Armstrong was on Continue reading >>

First Litecoin Hard Fork Promises To Beat Bitcoin Cash At Forking Game

First Litecoin Hard Fork Promises To Beat Bitcoin Cash At Forking Game

First Litecoin hard fork promises to beat Bitcoin Cash at forking game > First Litecoin hard fork promises to beat Bitcoin Cash at forking game First Litecoin hard fork promises to beat Bitcoin Cash at forking game Litecoin is to get its first hard fork later this month, as Litecoin Cash seeks to shorten transaction times and reduce fees. A new hard fork of Litecoin will launch in February, offering Litecoin holders faster transactions via what developers describe as an SHA256 coin for the real world. According to official release material published Thursday and an earlier post on forum Bitcointalk, Litecoin Cash will debut at block 1371111, crediting original Litecoin chain coin holders with 10 litecoin cash tokens for each litecoin held. There is no fast, cheap SHA256 coin with good difficulty adjustment. SHA256 miners have little practical choice of hashpower destination, and if they do mine blocks theyre being paid in a currency with 10-minute block times, the Bitcointalk post explains. We believe we can offer an excellent SHA256 coin for general usage. We love Litecoin, and wanted to give something to the brave hodler community. With everyone else too busy forking Bitcoin, we decided that the Litecoin blockchain was a perfect means of intial (sic) distribution for our coin. Bitcoin forks have become an increasingly trendy accessory since the advent of Bitcoin Cash in mid 2017.The contention which resulted along with the profits and enthusiasm behind the creation of what has proven to be durable free money produced a slew of imitators with varying degrees of validity. December saw the phenomenon reach satirical heights, with a dedicated tool allowing anyone to create their own hard fork appearing for as little as $90. Litecoin had remained free of such attempts, ho Continue reading >>

Upcoming Bitcoin Forks 2017 2018

Upcoming Bitcoin Forks 2017 2018

The content of this website is provided for informational purposes only and cant be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency, this is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. Your Guide to Upcoming Bitcoin Forks December 2017 January 2018 (and Beyond) The following Bitcoin forks have been announced (although not every one is confirmed as legit). They are Super Bitcoin, Bitcoin Platinum, Bitcoin Cash Plus, Bitcoin Silver, Bitcoin Uranium, and Bitcoin God. We will update the list as more occur, for now this is your guide to Bitcoin forks from December 2017 January 2018. To be clear, this is not a joke (and further that does say God and not Gold, there are no typos above). These Bitcoin forks could end up not being real, but as far as we know at this point, they are real[see notes below for specifics on each coin, so far Bitcoin Platinum is rumored to be fake]. In other words, over the next month or so (December January) there will potentially be as many as six Bitcoin forks.That means Bitcoin holders could get free coins six times (or if all turn out to be fake, zero times). Each fork occurs at a block number (AKA block height) . Thus, below we wi Continue reading >>

Litecoin Is Getting Lit With The Litecoincash Hard Fork (1:10 Ratio)

Litecoin Is Getting Lit With The Litecoincash Hard Fork (1:10 Ratio)

Litecoin Is Getting Lit With The LitecoinCash Hard Fork (1:10 Ratio) Those of you that bought Litecoin ($LTC) in the dip, might be able to make some attractive returns on that buy. One could think crypto is a kitchen business with all that forks and knives to catch, and now the time has come for a sleeping giant: LTC.There is LitecoinCash to come, which brands themselves as Litecoin Hard Fork, but this is just a marketing ploy due to Charlie Lee. However, this means freecoins and the project sounds pretty promising. Truth to be told, everyone is crying SCAM right now we think it is just clumsy marketing in combination with an unfortunate distribution of the free coins, by the help of the developed LCC wallet (which will need your private key). Good news for miners: you can search your old Bitcoin SHA256 mining hardware in the cellar and get ready for SHA256 Litecoin with fast transactions and minimal fees. LitecoinCash seems to offer lots of advantages in comparison to other coins, like a target block time of 2.5 minutes and 90% cheaper transaction fees than Litecoin. Fast transactions & low fees? This is very lit of you, LitecoinCash. Even better if we can get our first coins for free. As firm believers & holders of Litecoin (which we see as a slow-and-steady-grow-coin to hold) we are excited that we will receive LiteCash in a 1:10 ratio, which means for every LTC we hold on the blockchain on the hard fork, we will receive 10 LCC for free. LitecoinCash can be mined with SHA256 mining hardware Replay attack protection for the hard fork Hard fork comes with address prefix to prevent confusion and inter-chain issues. The mining difficulty will be recalculated every block (as known from DASH) Official website: When will the Litecoin/LitecoinCash Hard Fork happen? The fork Continue reading >>

Coinbase Will Support Ethereum Erc20 Tokens On Its Exchange

Coinbase Will Support Ethereum Erc20 Tokens On Its Exchange

Coinbase will support Ethereum ERC20 tokens on its exchange Coinbase has traditionally been extremely selective when it comes to adding new coins on its platform, but it appears things might be about to change: the San Francisco-based company has announced plans to support Ethereum-based ERC20 tokens on its cryptocurrency exchange desk in the near future. For those unfamiliar, ERC20 is a technical protocol developers can use to create utility-based tokens on the Ethereum network. Among hundreds others, the list of ERC20-powered tokens includes popular currencies like EOS, Golem and QTUM. Indeed, the technical standard has often been employed by fraudulent startups seeking to launch their own tokens in an easy and swift way . Coinbase took to Medium to reveal its plans to support the ERC20 technical standard, but has so far kept the lid on when the implementation will go live or which tokens will get listed first. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we arent announcing support for any specific assets or features at this time, the company wrote in the blog post. According to the announcement, ERC20 support will be gradually implemented across the full suite of Coinbase products, including hedge fund tool Custody, GDAX, its Asset Management platform, and of course its main platform but only after assets have made their way to GDAX. The only exception seems to be the Commerce payment system for which there are no immediate plans to add ERC20. One curious detail is that Coinbase took a moment to stress that it is making this information public so as to comply with its process for adding new assets and perhaps to avoid yet another insider trading scandal. In late December last year, the exchange desk was in the middle Continue reading >>

Bitcoins New Hard Fork Bitcoin Atom (bca) Is Taking Place Today

Bitcoins New Hard Fork Bitcoin Atom (bca) Is Taking Place Today

Yet another hard fork in the Bitcoin blockchain will be giving birth to a new Bitcoin derivative named Bitcoin Atom (BCA) . The Bitcoin Atom (BCA) fork is coming up quickly, at Bitcoin block #505 888, estimated to occur on January 25, 2018. At the press time, the hard fork will probably go through in the next2-3hours as the existing data according to Block Explorer shows it to have reached the block number 505870. Bitcoin Atom (BCA) is a SegWit-enabled Bitcoin hard fork, which is expected to address several of Bitcoins scalability issues. Also it will be hosting features like atomic swaps which allows users to instantly exchange tokens at minimal cost without the need of centralized exchanges or any other intermediaries. For very instant and cheap transactions, the project also aims to integrate Lightning Swaps (LS). This means that Bitcoin Atom will be seen implementing both on-chain and off-chain mechanisms to solve the dual problems of cost and speed. The leader of the team, who prefers to remain anonymous said: Centralization is less obvious but the problem with the main transfer of value in the crypto world,is exchanges. Centralized exchanges can be hacked or disappear or shut down by the regulators, and decentralized exchanges such as Etherdelta dont trade bitcoin and only trade ERC-20 tokens. Even at that, they can get hacked. In addition to handling issues connected with speed and cost of transactions, Bitcoin Atom will also be using a hybrid consensus model by combining Proof of Stake (POS) and Proof of Work (POW). These two are different types of algorithms to arrive at a consensus, or agreement, to determine whether a transaction is valid or not before being added to the blockchain. Bringing of the hybrid model in work is expected to decrease network threat Continue reading >>

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