A lack of multiple client implementations for Bitcoin means there's a chance that a flaw in one client can bleed over into others, according to Bitcoin developer Sipa. This makes the cryptocurrency's peer-to-peer software platform centralized which ultimately leads to more security issues for the users.
The new proprietary website is making waves, having processed $8 billion in transaction volume in a single month this year, potentially revolutionizing the way users get liquidity.
The creation of a global currency is challenged by the difficulty of achieving a decentralized distribution of coins, as large players with capital and resources would have an advantage in owning a significant portion of the money supply, making it impossible to conceive how it could become truly global.
The hackers of a certain target were able to locate their key nodes and targets in just 10 minutes, giving them control of the system. Despite the IT team's efforts to restore their servers and websites, the hackers were able to remain undetected and continue their operation for hours.
A team spends time preparing for a network attack by learning about the network and pairing infrastructure with necessary exploits to attack targets such as servers, social media accounts, email addresses, bank accounts, and mobile accounts.