Why is bitcoin splitting again and what is bitcoin gold? Bitcoin is forking for a second chasing google bitcoin to form a new cryptocurrency called bitcoin gold, but why is this happening so soon after bitcoin cash?
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Much like the reasoning behind why bitcoin forked in the first place, the creators of bitcoin gold intend to fundamentally change how the original cryptocurrency works on blockchain. In effect, it is attempting to decentralise a decentralised currency and make it more accessible to people investing in bitcoin for the first time, of which there are many, given the soar in price. Bitcoin gold’s distribution method is also considerably different to bitcoin in that it isn’t just launching from scratch, but will be introduced with tokens already mined, which the public can then buy into when officially launched. Before this can happen, the developers must set aside 1pc of the total cryptocurrency tokens to pay for their work. So, who created bitcoin gold? An outspoken critic of bitcoin in its current form, Liao began forming a team a few months ago and is working on taking bitcoin gold into the mainstream. 5,687 at the time of writing.
Colm Gorey is a journalist with Siliconrepublic. Future or fad: Are initial coin offers the tulip auctions of our time? Sign up to receive weekly alerts bringing the best of Siliconrepublic. Is Wall Street heading for a cryptocurrency bubble? BT Young Scientist: Just how filthy are pedestrian-crossing buttons? Reproduction without explicit permission is prohibited. North Korean hackers are being accused of targeting bitcoin’s biggest players as the cryptocurrency bubble continues to expand.
What do leaders need to think about for the future of work? North Korean hackers are being accused of instigating a campaign to target bitcoin’s biggest players as the cryptocurrency bubble continues to expand. As with any must-have digital good, bitcoin and its meteoric rise has encouraged a legion of hackers to jump on the trend with the hopes of catching people out both financially and through their personal data. This is true of a band of North Korean hackers known as the Lazarus Group, which been accused of targeting executives of cryptocurrency companies with phishing attacks. Secureworks identified emails sent to at least one cryptocurrency company based in London. Staff were sent an email advertising a chief financial officer position that contained an infected Microsoft Word document. Once the document is opened, it then unleashes the malware on the victim’s computer, giving the hacker access to the device.
So far, the malware hasn’t affected any of its cryptocurrency targets, partly due to the security-centric knowledge of the targeted company and its employees. Rafe Pilling, a senior security researcher at Secureworks. However, the insular nation is also accused of conducting bitcoin-related hacks on its longstanding enemy, South Korea. 7m stolen as part of a major hack, which the country’s intelligence agency believes originated from North Korea.