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Tag: Zcoin

Zcoin Introduces Merkle Tree Proof to Prevent ASIC Mining

Category: Altcoins, News, Tech

Zcoin Introduces Merkle Tree Proof to Prevent ASIC Mining

On May 30 the Zcoin team announced it was introducing a working version of the Merkle Tree Proof (MTP) algorithm to help prevent miners using ASIC equipment to mine the coin. With this move, the team wants to reassure its community that there are they are also much concerned with this issue and are trying to do everything in their…

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Hackers Pounce on Coding Error, Steal Over $400,000 of Zcoin

Category: Altcoins, News, Tech

Hackers Pounce on Coding Error, Steal Over $400,000 of Zcoin

On Friday, February 17, the community manager of the cryptocurrency Zcoin (XZC), Reuben Yap, announced in a blog post the discovery of a bug in the anonymous altcoin’s coding that allowed a hacker to get away with over $400,000 worth of cryptocurrency. According to Zcoin’s statement, “a typographical error on a single additional character in code allowed an attacker to…

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