Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[SCAMEXPOSER]

Braydon Fuller and Javed Khan are the two bitcoin engineers that had discovered the huge vulnerability called InVidos that could shut down the bitcoin blockchain entirely. They discovered this last two years and fixed it but they published the research work on how discovered it in several blockchain iteration: According to them they gave explanation on it work as stated in their words.
"" The attack works like this: one hostile blockchain node—a member of the blockchain network that validates transactions—floods another one by spamming them with calls for non-existent transactions.
As a result, the node would become overwhelmed and its memory would "grow endlessly," wrote the researchers. "This will crash the process and potentially freeze the process and computer until the process is terminated."

The engineers said in the report that the vulnerability, known as a "denial-of-service" attack, was "easily exploitable" by hackers and could be used to crash an entire network of Bitcoin nodes. This could lead to a delay in processing transactions, in turn causing a "loss of funds or revenue,""

 

[bitforex22]

That'd great work and hackers are always ready for such works I am sure they will take more measures to update their standards further and fix the technical issues that are present on the network

 

[ELSA-ELI]

It's good that people are up the task and working tirelessly that this does not be a catastrophic disaster which would rob th entire business world of btw.But what amazes me is that the actual owner of btw is still anonymousbupto now but how is that possible.I think my new research should be towards that question that what interest do peopl3 who protect btc have when there is no one taking ownership like is Thu cas3 with other tokens or coins?

 

[Dora_WalletInvestor]

It's good that people are up the task and working tirelessly that this does not be a catastrophic disaster which would rob th entire business world of btw.But what amazes me is that the actual owner of btw is still anonymousbupto now but how is that possible.I think my new research should be towards that question that what interest do peopl3 who protect btc have when there is no one taking ownership like is Thu cas3 with other tokens or coins?

I believe that the fact that no one takes ownership of the Bitcoin blockchain serves a purpose: it strengthens the message that the blockchain is decentralized and trustless - i.e. you don't have to trust any authority in order to know that your transactions are safe. A financial system working like this is one of a kind, and this is what people are protecting.

 

[ELSA-ELI]

I believe that the fact that no one takes ownership of the Bitcoin blockchain serves a purpose: it strengthens the message that the blockchain is decentralized and trustless - i.e. you don't have to trust any authority in order to know that your transactions are safe. A financial system working like this is one of a kind, and this is what people are protecting.

Thus is one of the greatest strengths of cryptocurrency which makes it highly probable that it can be adopted as a world currency for exchange of goods and services.The other factor is its convenience to carry as it is digital and that it can be transfered from one part of the world to another at such a minimal ammount.

 

[SCAMEXPOSER]

I don't think it will be possible the government of different countries to rule out Crypto currencies now with the rate of it development , they could just adopt it or be silent about it.

 

[ELSA-ELI]

I don't think it will be possible the government of different countries to rule out Crypto currencies now with the rate of it development , they could just adopt it or be silent about it.

Though its worldwide adoption and integration into the public despansation for its wider coverage usage in various forms of exchange of goods and services would really be great.I dont know why we can't follow suit inbthe footsteps of developed countries or roll out the public sensitization thst the new world currency is coming abdvwe all must prepare for it.

 

[SCAMEXPOSER]

Though its worldwide adoption and integration into the public despansation for its wider coverage usage in various forms of exchange of goods and services would really be great.I dont know why we can't follow suit inbthe footsteps of developed countries or roll out the public sensitization thst the new world currency is coming abdvwe all must prepare for it.

It is likely that the level of risks developed countries can take the developing and underdeveloped countries can't take it in relation to volatile nature of Crypto currencies and their respective economy.

 

[Brain]

That'd great work and hackers are always ready for such works I am sure they will take more measures to update their standards further and fix the technical issues that are present on the network

This is what they need to do. Since it has been found out then they need to start fixing to beat hackers at it. It is of essence now to avoid loss of revenue

 

[Wisdom01]

I think revealing this might give hackers clue on what to do and its better they fix it on time , to avoid such thing from taking place i think ,because hackers are looking for different means to start operating