This is not Bitcoin anymore, it’s centralized GHashcoin…. Is Bitcoin’s Doomsday Scenario Arrived ? Bitoin is still a work in progress.

This is not Bitcoin anymore, it’s centralized GHashcoin….Is Bitcoin’s Doomsday Scenario Arrived ? Bitoin is still a work in progress.

On Friday, mining pool GHash’s share of the Bitcoin network ticked 51%

The two Cornell researchers, Ittay Eyal, and Emin Gün Sirer, now propose creating a “hard fork” on the Bitcoin network, a set-aside part of Bitcoin’s transaction ledger that would sacrifice some  Bitcoin attributes in the name of preventing another similar attack. Others have proposed creating a peer-to-peer network of mining nodes which, instead of being able to access the entire blockchain, only target specified branches.

51% bitcoin

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s