PIVX And 200 Other Proof of Stake Blockchains May Be Vulnerable, Lunar Digital Assets Affirms

It seems that PIVX, a popular private transactions crypto, may be vulnerable to attacks together with 200 other chains. According to a recent report made by Lunar Digital Assets, there is a vulnerability of the system that can be currently exploited. Every chain using PIVX or its variants is possible to be attacked this way.

Basically, the attacker could exploit this specific vulnerability in order to get impossibly high staking rewards using the proof of stake system of the network.

This is not the first that this vulnerability is exploited. As soon as the PIVX devs found out about it, they rushed to fix the issue. However, another developer, BitGreen, has noticed that the problem was being exploited once more. Someone has probably figured how to undo the progress made by the team and started to use the exploit.

As soon as the developers discovered it, they notified all related companies of the bug and now PIVX is working once more to solve it and stop the attacks.

People Are Accusing the PIVX Team

The situation got heated recently after some people started to claim that the PIVX team might be behind the attacks. According to critics, the team knew of the bug and did nothing about it or failed to fix it properly.

Some others criticized the team for not having a timely response for the problem and simply standing still while the problem was still out there. This led some critics to theorize whether people from the company were exploiting the bug for money and used this inside source in a malicious way.

At the moment, the PIVX team has not explained publicly why the problem was not fixed months ago.

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Author: Bitcoin Exchange Guide News Team

Ripple’s David Schwartz Attacks Bitcoin And Defends XRP From Negative Comments

Ripple's David Schwartz Attacks Bitcoin And Defends XRP From Negative Comments
  • Ripple’s Chief Cryptographer, David Schwartz defends XRP from attacks from Bitcoin users.
  • XRP could be affected by the growth of new permissioned networks and blockchains.

Schwartz Answers Back To Max Keiser

David Schwartz, the Chief Technology Officer (CTO) of Ripple, has defended XRP from negative comments that it receives from the community. In a recent article released by Yahoo, the author quoted the Bitcoin supporter Max Keiser saying that XRP should be worried about the upcoming launch of Facebook’s GlobalCoin.

There are several Bitcoin (BTC) enthusiasts that believe that XRP is the digital currency used by banks and that it does not follow the ethos of the crypto space. Max Keiser wrote on Twitter that Facebook’s stablecoin is going to harm other digital currencies such as XRP, among other altcoins.

Is Ripple A Permissioned System?

About it, Schwartz said that he likes to see opinions about XRP that do not show any evidence of understanding how XRP works. He said that this is just how Bitcoin “minimalist thinking” works.

Schwartz has also talked with other individuals on the popular social media network, including the Twitter user Noryn Syra. The crypto enthusiast wanted Schwartz to admit that Ripple was a permissioned system such as the one that other companies have.

Ripple is currently working in order to provide services to different financial companies, including banks. The goal is to offer them cheaper and fast cross-border payments in a compliant way. At the moment, they have signed partnerships with a large number of companies from all over the world.

There are some companies like Facebook that have a large user base and that are working with blockchain technology. Indeed, Facebook wants to launch a digital currency called GlobalCoin that is expected to help users make cheap cross-border payments and other payments. If that initiative expands, Ripple could be damaged.

Currently, XRP is the third largest virtual currency after Ethereum (ETH) and Bitcoin (BTC). At the time of writing, XRP has a price of $0.42 and a market capitalization of $17.72 billion.

Latest Ripple News and XRP Market Updates

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Author: Carl T