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Author Topic: Krypton Abandons Ethereum for Bitcoin Proof of Stake Blockchain after 51% Attack  (Read 637 times)
eye4bd
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September 06, 2016, 09:08:37 PM
 #1

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/


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September 06, 2016, 10:26:35 PM
 #2

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.


 Cool


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.
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September 07, 2016, 12:26:59 AM
 #3

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,  Tongue
So they will be using checkpoints to Protect their Weak PoW Chain. LOL  Cheesy

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


 Cool
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September 07, 2016, 04:24:51 AM
 #4

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.

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solid12345
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September 07, 2016, 02:34:29 PM
 #5



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.
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