Cryptocurrency Blog

  • Kaspersky Says Botnets Are Being Repurposed For Cryptojacking

    What exactly is Cryptojacking? Well it’s the act of hijacking a computer for the sole reason to mine cryptocurrency. The act is actually very profitable, despite illegal, and isn’t showing any signs of slowing down, says Kaspersky.

    Bitnets are increasingly being pointed towards illegal software in hopes to hijack unsuspecting users of pirated software. The number of unique users being attacked by cryptojacking has increased significantly over the 1st three months of 2018. How such software is attacking, normally is through pirated software or injected malware from the common mediums, which are designed to harness the machine’s processing power to mine cryptocurrencies.

    Leaving DDoS In Search Of Riches With CryptoJacking

    Botnets such as the yoyo botnet have had their DDoS activity drop dramatically, with no data about the botnet being dismantled, reducing the possible activities to cryptojacking or other unknown activities. Cryptojacking is more common to be found in countries where pirated software laws are more relaxed, allowing for more potential victims to be entered into the pool of potential botnet hashing power.

    US users were said to be the least affected, making up only 1.33% of the total cryptojacking attacks detected, followed by Switzerland and Britain. However countries with lax piracy laws, such as Kazkhstan, Vietnam and Indonesia topped the list of victims to cryptojacking

Mattereum a blockchain startup wants to own everything!

Not directly, the blockchain platform startup Mattereum, wants to bridge the gap between the blockchain and physical goods, in efforts to allow for the ownership of physical items that are tracked on the blockchain. So if say someone wants to sell a rare comic book, they can go through the blockchain to do so, which will allow for that comic book to have a verifiable token of authenticity, which would in one fell swoop remove a lot of the counterfeit memorabilia items from markets globally.

What this means isn’t just authenticity re imagined, but also multiple buyers could ” invest ” in one item, as if it was a stock or split dinner bill, with no issue on ownership. The overall way items are bought and sold could change whole paradigms, allowing for payments for artwork to be done via gallery admissions, instead of direct purchasing, or else ways for reward systems to actually have worth while rewards, like a percentage ownership on objects that would retain value and be able to be sold off whenever the purchaser desired.

What is the difference between trying to do this now, than with what Mattereum is proposing?

A whole lotta paperwork, human hassle and uncertainty, the amount of lawsuits and other time holding factors would make an attempt in today’s realm a downright nightmare. It’s no wonder why, look at how such a process would have to go down, you’d need many people acting as escrow, mediums, and you’re going to need a means of trust ( good luck with that ) and that’s is everything went 100% smoothly, which in real life we know isn’t something that happens often.

We wish Mattereum luck in their future endeavor, and hope that more applications and groups are focusing efforts in likeminded projects, since our current state of trust and liability needs more work than humanity is able to by our lonesome.

Global Bitcoin Adoption Could Lead To Increased Global Warming

You heard that right, but how exactly could worldwide bitcoin adoption, lead to global warming? Simple, mining, that very act of mining bitcoin, could be what causes the increase in temperature. If more and more people buy hardware to handle the transaction needs for all those new bitcoin users, the excess of all those devices solving transactions could be the issue.

But I thought The Goal Was Worldwide Adoption?

The end game is to have everyone on the planet ( and then some ) use bitcoin, however, the issue of mining needs to be resolved. Not only for the global warming aspect, but for the future of adoption, since right now, the days of buying a $40.00 bitcoin miner and making a profit off that within a month is over. So how do you encourage all those new miners to the bitcoin community?

Alternative Ways Of Cryptocurrency Mining

Currently, there are a few ways to mine cryptocurrency, using various mathematical proofs, and a device that solves said mathematical equations to resolve the difficulty puzzle. The device used to solve the difficulty puzzle is what is causing the alarm, and really just means our electrical devices will need to be made that much more efficient or other ways of mining will quickly disrupt the industry, with so much money at stake, it won’t be long.

The Future Of Cryptocurrency Mining

The future of all technology is amazing, just like what is going on with Bitcoinereum but the future of cryptocurrency has the potential to fastforward the human race by decades, with so much money on the table, just waiting for disruption, it’s no wonder there is already a push to find more efficient ways to mine at a increase to the profit margin!

The Rise Of The Consumer Via Decentralized Blockchains

Bitcoin has come along way, and so have the altcoin ecosystem. Many altcoins have fallen to be a fraction of their worth, to some being powerhouses of the cyrptocurrency world. New technologies and patents alongside big companies such as IBM, Deloitte, Walmart, NewEgg, and many more have joined ranks with new startsups to form some unique alliances. Tokenized tracking systems for food storage to transcontinental shipping monitoring, the new wave of fresh ideas flooding the investor space is something not seen since the dotcom boom.

Think outside the blockchain with Mesh Networks

Some companies have decided it’s more fun to unite the many altcoins, and have been working towards such a goal. Such as these alternatives to conventional internet providers, internet via any mobile device and one where you get paid to share your connection:

  • Blockmesh  – a device to device mesh network on the blockchain to establish a communications network where otherwise would be difficult, operating via bluetooh and wifi.
  • Rightmesh  – a device to device mesh network on the blockchain to establish a communications network where otherwise would be difficult, operating via bluetooh and wifi.
  • Smartmesh – An participation based earning ad-hoc mesh network on the blockchain, established via radio signals on mobile devices.

Yet not many have been seen trying to create a sustainable cryptocurrency future, instead of a dominance, and if you think about the way technology evolves, it’s safe to think there will be a need for multiple blockchains all doing different things, needing inter connectivity and a baseline to communicate / transact with.

A Future With More Choices and Less Restriction

By allowing more companies the ability to track and monitor costs, they’ll be forced to pass that down to the consumers or face the competition of startups, doing exactly that, at a bigger profit than themselves. By monitoring costs, companies can more efficiently carry out daily operations, while reducing the amount of overhead needed, where otherwise little bits here and there aren’t tracked and add up in the end.

The blockchain will also allow media companies the ability to provide just what the consumer wants or give their business to the competitor. The ability to track and mesh the micro-transactions of royalties, ads, data purchases will make consumer marketing that much easier, passing the savings and new features to the consumer, with less strings and more on demand service.

Altogether the blockchain can allow for movie and tv networks to directly sell shows to the consumer, much like they’re doing now, but on a much more broader basis and without much effort by the consumer, the key to sales in general, don’t be a burden to your consumers or face bankruptcy.

Australian Firm Vicinity To Trial Blockchain Solar Power Blockchain Project

Vicinity a $42 Billion in total real estate management, touts it will be testing a new blockchain project that will measure it’s solar power grid’s energy needs to figure out if it will stay with it’s solar panel project or move to the national energy grid.

The blockchain platform, that will be delivered by Power Ledger, will allow for energy distribution in real time, thus forth, giving Vicinity the data it needs to make it’s energy distribution needs.

The Energy Industry Is All About Blockchain Love

Power Ledger is an Australian renewable energy company that is using the blockchain for energy peer 2 peer energy trading, the company is also involved in energy trading pilots in US, Japan and Thailand.

Mainly most energy companies are using the blockchain for energy consumption monitoring and cryptocurrency rewards for those who use renewable energy.

Blockchain Powered Electric Vehicles That Can Mine Altcoins Too!

Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency
Image Via CoinTelegraph

Yes, you read that right, electric cars, powered by the blockchain that can mine cryptocurrency too, sounds like a dream come true to many, however, we know there is always more to the story.

Cointelegraph released a story about a Singapore startup company that intends on launching these blockchain mining electric vehicles.

Operating Business with ICO launched

CyClean says it’s already up and running, and is preparing to launch solar panels and an e-bike. The company has it’s cryptocurrency listed on the HitBTC exchange, and is currently reporting that it’s the highest trading ICO token on the exchange.

Energy Efficiency

Using the blockchain, the company could easily monitor and work on perfecting their electricity needs and even use their mining platform to help regulate their miners energy usage. A lot of eyes will be on CyClean and many others like them over the next few years, while the IoTs sector heats up.

Cloudflare Introduces New Decentralized Content Gateway

Major Content Delivery Network Introduces Decentralized Content Gateway
Image Via: CoinTelegraph

This is a big deal, it means that Cloudflare will now have the ability to distribute content via it’s Interplanetary File System ( IPFS ),  with a distributed web gateway, you could securely view files from anyone, anywhere in the world using the SAME address, so a reduction in fraud and fake newsites could be a positive at 1st glance.

Nothing is needed to download

Before you can view files / webpages hosted on IPFS. That’s a pretty nice deal, not having to download anything and just using a url prefix to attach you’re content to can be seen as a nice switch from previous social media / networking platforms efforts. We will see how this unfolds, but the future of blockchain possibilities is upon us.

Interested? Give it a go yourself!

You can try it yourself by reading more about this on cloudflares information portal. Or read more about the article with Cointelegraph –