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Ethereum: that avoids similar attacks during the fight in Bitcoin, as happened with Verge
In recent years, several strong attacks have directed cryptocurrencies, including Bitcoin and Ethereum. A remarkable example is Hack “Verge” in May 2018, which revealed millions of user wallets for possible theft. In this article, we deepen what prevents similar attacks during the fight in Bitcoin.
What is a war attack?
Time fighting time is a kind of phishing attack in which the attacker sends a lot of false transactions to the victim’s portfolio, which makes him empty it over time. This happens when blockchain time transactions are made disabled, which causes asset loss.
Edge sensitivity: Cryptocurrency of work test
Verge, also known as Dogecoin, is a cryptocurrency of evidence (POW), which uses a consensus mechanism called Bitcoin Script. As most Pow cryptocurrencies, Verge is based on the network to verify the transaction and maintain the integrity of blockchain.
Why are time attacks of cryptocurrencies of evidence?
One of the reasons why time attacks are developed in driving environments is that they can use the decentralized nature of these networks. Here is like:
- Decentralized network : Pow cryptocurrencies have a distributed network in which each node (computer device) verifies transactions and maintains the integrity of Blockchain.
2.
What avoids attacks during the fight in Bitcoin?
To avoid similar time attacks in Bitcoin as Hack Verge, several funds were implemented:
1.
- STAK (POS) protocol test : Instead of using Jena to ensure transactions, Bitcoin uses the stake test protocol (POS), which rewards validators with a certain number of currencies to protect Transactions and not solve the mathematical mathematical complex of mathematical puzzles.
- Increased security
: The development of new techniques and cryptographic algorithms has improved the security of the Bitcoin network.
Application
Hack Verge serves as a clear reminder that cryptocurrencies of war prisoners are not resistant to time attacks. However, when implementing funds, such as the random creation of blocks, POS protocols and greater security, the Bitcoin network could avoid similar attacks.
As the evolutions of the world of cryptocurrencies, developers, miners and users are necessary to be informed about the latest security measures and best practices to protect themselves from possible threats.
