Title: Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack Post by: eye4bd on September 06, 2016, 09:08:37 PM Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack
Krypton, an Ethereum-based blockchain, has announced that in order to protect its token coin KR from being stolen from exchanges through a double spend it has decided on a temporary course of action. In an announcement today, founder of Krypton Stephanie Kent said: https://www.cryptocoinsnews.com/krypton-ethereum-bitcoin-proof-of-stake-blockchain-after-51-attack/ Title: Re: Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack Post by: kiklo on September 06, 2016, 10:26:35 PM Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack Krypton, an Ethereum-based blockchain, has announced that in order to protect its token coin KR from being stolen from exchanges through a double spend it has decided on a temporary course of action. In an announcement today, founder of Krypton Stephanie Kent said: https://www.cryptocoinsnews.com/krypton-ethereum-bitcoin-proof-of-stake-blockchain-after-51-attack/ Technically Proof of Stake was created by Sunny King , So Peercoin would be more accurate than bitcoin. PoW is a failure as BTC has proven, China controls way more than the 51% needed to dominate it, and investors just ignore this fact. When the Value is in the ASICS and not the coin itself , failure is eventually a certainty, which is why PoS is currently the only viable solution to running a coin network. 8) FYI: You should post a running total, because according to the article, krypton is still short more than a BTC needed to afford the swap to PoS with Bittrex. Title: Re: Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack Post by: kiklo on September 07, 2016, 12:26:59 AM Hmm,
Must not have been able to raise the BTC to pay for the swap, Krypton chickened out and will be staying with PoW. They only recently learned about Checkpoints, :P So they will be using checkpoints to Protect their Weak PoW Chain. LOL :D They will probably be using a Checkpoint Server which will Centralizes Control of Krypton, It can no longer be considered Decentralized. https://bitcointalk.org/index.php?topic=1368118.msg16168130#msg16168130 8) Title: Re: Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack Post by: bbc.reporter on September 07, 2016, 04:24:51 AM The ETC development team should find a way to increase their hashing power. No one will have full confidence in investing with ETC if there is a question of a 51% attack vulnerability. There are whales holding ETC right? It is in their interest to give incentive for miners to increase power to protect their investment.
Title: Re: Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack Post by: solid12345 on September 07, 2016, 02:34:29 PM Must not have been able to raise the BTC to pay for the swap, Krypton chickened out and will be staying with PoW. Personally I think it's sad when of all the hundreds of scam coins they could blackmail they pick on an honest coin run by a nice girl. |