Daily Roundup – July 12, 2017

Daily Roundup – July 12, 2017

According to Bitcoin Magazine, Bitcoin Core contributor Luke Dashjr has created a polling mechanism that is resistant to Sybil attacks. The poll, which is focused on various Bitcoin scaling proposals, requires Coinbase identity verification for participation.

Over at Deep Dot Web, an interview with a hacker who focuses on phishing account credentials from Alphabay users has been published. The hacker claims to have made over $1 million in the past year from phishing Alphabay accounts.

Over at Bitcoin Magazine, Kyle Torpey has written an opinion piece about the ability of drivechains, which are a type of sidechain, to kill off the altcoin market. Sidechains allow users to effective transfer their bitcoin to a completely separate blockchain with different features.

According to Bitcoin Magazine, the privacy-focused Bitcoin project TumbleBit has inched closer to release with the integration of Tor. One developer working on TumbleBit has estimated that TumbleBit may be ready for use by the general public within a month or two.

According to Bitcoin Magazine, the notorious GainBitcoin Ponzi scheme operating in India appears to have new legs. The people behind the fraudulent scheme have launched an Ethereum ICO, and the tokens created in that ICO are now used for payouts to investors in the scheme.

Featured image via Florian Plag.

About The Author

Kyle Torpey

Kyle Torpey is a freelance writer and researcher who has been following Bitcoin since 2011. His work has been featured in VICE Motherboard, Business Insider, NASDAQ, New York Post, The Next Web, American Banker, and other media outlets. You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.


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