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Archive for the ‘Crypto Coins’ Category

The developers of Monero (XMR) have just disclosed that they have discovered and patched a critical bug that affects all CryptoNote-based cryptocurrencies, and allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it. This major bug has been patched a while ago and it has been confirmed that the Monero network was never affected by it. All other active and affected CryptoNote coins, including CryptoNote themselves, Bytecoin, Forknote, Boolberry, DashCoin, and DigitalNote have apparently been notified about the possible issue prior to the public disclosure of the problem.

Note that, at this time, only Monero (XMR), Aeon (AEON), Boolberry (XBB), and Forknote have updated. This means that there could be potential abuse, though it may not necessarily happen with coins that have not patched and fixed the bug. As a result caution is advised for anyone using, trading, exchanging, or running services involving the following currencies affected by this issue: Bytecoin (BCN), DashCoin (DSH), DigitalNote (XDN). Just to clarify a possible misunderstanding by some users – DashCoin (DSH) is not the same as DASH as DASH is not CryptoNote, but X11-based!

Check the official announcement from Monero about the major bug discovery and fix…

Last year we were actively following the development of the HOdlcoin (HODL) project up until there was a hardfork that essentially killed our interest in the coin. The Hardfork to version 2.0 introduced the rule that all new mined coins will automatically be staked for 1 year and also made obsolete the need of mining pools. As a result not only we lost interest, but many users that deemed the project interesting also did and from there on things pretty much started moving on a downwards spiral. Fortunately recently there was a decision for a new hardfork in order to bring back the regular mining as it was before the weird decision from the previous hardfork.

In order to get ready for the upcoming hardfork you need to upgrade to the latest HOdlcoin Core wallet version 3.0 before the network reaches a block height of 257000 when the hardfork will be activated. There is still some time left before the hardfork as the current block is 244607 and you can track how things progress via the official HODL blockchain explorer. The new wallet comes with some long awaited improvements such as tables sorting of the deposits, improved mining performance and some bugfixes.

Up until recently HOdlcoin (HODL) was only traded on the Yobit Exchange, though after the announcement for the upcoming hardfork there is a new altcoin exchange on board as well – Coinexchange. There is still only one HOdlcoin Mining Pool available by Optiminer, though we might be seeing some more getting back on board after the hardfork. The latest best performing miner for HODL is the Hodlminer Optimized Optiminer fork that you can use to mine on the only available pool. Do note that before the hardfork hits all mined coins (solo or on the pool) will still be held for a 1 year term deposit in your wallet before becoming available.

The big question now is if HOdlcoin (HODL) can recover and bring back sufficient user interest after the hardfork including miners. Currently the available hashrate on the Optiminer mining pool is about 20000 H/s with just about 35 miners. The biggest problem in bringing back user interest lies in the concept that the coin initially had with high interest rates on deposits and bonuses as these are already pretty low compared to the levels they were at last year. Still we are going to be keeping an eye on HODL to see how things will develop after the hardfork…

Storj, the decentralized blockchain-based and encrypted file storage system with its own crypto token, has released a new Storj Share GUI version 5.0 with new interface and protocol updates now that is is out of beta stage. The new updated interface makes it easier to control the storage you share on the platform as well as making it easier to monitor things. After running it for a couple of hours however we are still noticing the main issue that the service faces at the moment – lack of users that want to use it for file storage. Now that Storj is out of beta and is giving away 25GB free storage for the first 12 months there are still not enough users to take advantage from that offer. As a result users with unused free space are not that much encouraged to use the service, because they are not earning much and are unable to utilize their free storage resources.

Something that is planned to happen soon that will hopefully generate more interest and move things further a bit is the upcoming Storj SJCX token sale that was recently announced. Storj has recently announced their plans to move away from the Bitcoin-powered Counterparty platform to the Ethereum platform. There are still a little over 16 days until the start of the crowdsale left, so if you are interested you might want to keep track of that as well.

To download the new Storj Share GUI v5.0.0 and give it a try…


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