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Topics - ABCbits

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News related to Crypto / 51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to ...

« on: February 16, 2024, 11:45:58 AM »

51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to Impractical Costs: Coin Metrics

It is no longer viable for nation-states to destroy the Bitcoin (BTC) and Ethereum (ETH) networks through 51% attacks. According to the latest research from crypto intelligence firm Coin Metrics, the astronomical costs required to carry out such attacks make them impractical and unprofitable... Read more here

While i agree with what researcher said since it's expensive to obtain tons of SHA-256 ASIC or ETH coin, they do not consider possibility of performing 51% attack by hacking BTC mining or ETH staking pool. Your opinion is greatly appreciated.

Bitcoin News & Updates / Ocean Health Establishes Roots in El Salvador's Bitcoin Experiment

« on: February 14, 2024, 11:48:58 AM »

Ocean Health Establishes Roots in El Salvador's Bitcoin Experiment

Susie Reilly has maintained unwavering faith in the future of El Salvador and its ongoing experiment with Bitcoin adoption, despite a turbulent couple of years marked by economic instability and international criticism from organizations such as the IMF... Read more here.

IMO it's great to see them openly accept Bitcoin as payment method and it shows general public that cryptocurrency isn't only used as investment or criminal activity. Your opinion is greatly appreciated.

Privacy Coins Forum / Is there any privacy coin which can compete with Monero in terms of privacy?

« on: January 22, 2024, 01:05:58 PM »

I see people mention many different coin they consider as best privacy coin. But in terms of privacy, is there are privacy coin which can compete with Monero? For example,
1. Zcash private transaction is optional. I recall there are research which break the privacy since there are so few private transaction, where researcher exploit when Zcash user move coin from Zcash address to Zcash private address and vice versa.
2. DASH offer CoinJoin as it's privacy feature. But it's also optional and people could just use Bitcoin along with CoinJoin wallet.

Your opinion or criticism is greatly appreciated.

Bitcoin Gold / Is Bitcoin Gold (BTG) dying?

« on: January 16, 2024, 12:19:44 PM »

While some people point out Bitcoin Gold (BTG) price, volume or relative position (usually on CoinMarketCap) as reason why BTG is dead, i got curious and did further research. There are other things that concerns me,
1. BTG Core (BTG full node software) has latest release on 2020[1] while the source code last updated on last year[2].
2. ElectrumG (BTG wallet software) has latest release on 2018[3].
3. Many software which mentioned on it's developer portal[4] also doesn't receive update/release on long time.
4. There are only 232 BTG transaction created in last 24 hours[5]. For comparison, there are 21,354 BCH transaction created in last 24 hours[6].

Do you also think Bitcoin Gold (BTG) is dying?

[1] https://github.com/BTCGPU/BTCGPU/releases
[2] https://github.com/BTCGPU/BTCGPU/branches/all
[3] https://github.com/BTCGPU/electrum/releases
[4] https://github.com/BTCGPU/Developer-Portal
[5] https://bitinfocharts.com/bitcoin%20gold/
[6] https://bitinfocharts.com/bitcoin%20cash/