NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Upgraded PoW Protocol Gives Hackers a Run for Their Money

NewsBTC
NewsBTC
6 years ago
3 mins read
ilcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

There have been several 51 percent attacks on the proof-of-work (PoW) consensus protocol since it was first proposed a decade ago. Although the Bitcoin blockchain has never been hijacked due to the astronomical power of all computers within the network, the PoW used on other blockchain-based projects like Bitcoin Gold, Litecoin Cash, ZenCash, Verge, or Ethereum Classic, and others haven’t managed to stand the test of time.

Infamous 51% attacks on the PoW consensus algorithm

A 51 percent attack can happen when a miner, or a group of miners, gets in control of over 50 percent of the mining power within a network, known as hash power or hash rate. On the Bitcoin blockchain, the hashing uses the SHA-256 algorithm whereas Ethereum uses ‘Ethash’ and Litecoin uses the ‘scrypt’. One of last year’s most infamous attacks on a PoW-based blockchain was Bitcoin Gold.  Using superior computation power, hackers falsified the ledger of the currency, stealing almost $18 million.

ZenCash, a cryptocurrency based on a PoW Equihash mining algorithm, also experienced a 51 percent attack. The attacker reorganized the blockchain, managing to reverse 38 blocks and enabling double spending on two major transactions totaling $550,000.

A PoW consensus that can stand a 51% attack

Amid a series of attacks on the PoW consensus throughout 2018, the ILCOIN project launched an improved version of PoW, deemed as a command chain protocol (C2P). C2P implements bulletproof rules and regulations in the source code to either permit or restrict different activities. Due to the centralized nature of the ILCOIN blockchain, which uses the SHA-256 technology of Bitcoin, the development team at ILCOIN can fully control any corruption attempts on the network, including double spendings and rollbacks.

C2P incorporates three security layers that altogether create an improved environment for end users. According to mentions in the whitepaper, “C2P is the actual next step of security in the cryptocurrency world, in order to turn down the page for all the non-ethical hackers who always try to take advantage on some back doors for some faulty codes, or lack of hashing power, for example, and in the same moment hurt a specific cryptocurrency and the trust of still cutting-edge technology.”

A better Bitcoin with bulletproof technology against hacks

Committed to building and developing a digital currency-based ecosystem for its growing community, ILCOIN aims to become a better Bitcoin; a high-quality cryptocurrency that can stand a 51 percent attack successfully. To perfect the security of its blockchain, ILCOIN made it quantum resistant.

First, the team analyzed former attacks against different chains. After concluding that no existing protocol is secure enough to withstand a 51 percent attack, they developed new rules and completely changed their blockchain. So-called “admiral” nodes within the CPA protocol sign every block, and if the block isn’t signed by the Master Node, it instantly becomes invalid. Regardless of the hash rate, it would be impossible to forge a block and initiate an attack on the network because the Admiral Node will not sign the block. The unique blocking mechanism prevents hackers from stealing ILC coins, as well as spending in case users lose their wallets.

Armed with a sustainable tech stack and a forward-thinking development team, ILCOIN lays ambitious plans for 2019 – to become the first project to implement smart contracts within its C2P; and potentially, be the first cryptocurrency using the SHA-256 consensus algorithm to achieve its mission of increasing security without compromising blockchain speed.

Tweet123Share648ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

MEXC Makes Your Crypto Purchases Extra Simple and Secure with Apple Pay and Google Pay

MEXC Makes Your Crypto Purchases Extra Simple and Secure with Apple Pay and Google Pay

Buying crypto on exchanges is fairly straightforward. Simply choose the crypto you want to buy, and pay with your credit...

Aaron Walker 4 hours ago
altcoin sezóna 2025

Altcoin sezóna je oficiálne tu. Ktoré altcoiny sa teraz oplatí kúpiť?

Trh s kryptomenami zažíva obrat. Dominancia Bitcoinu klesla za posledný mesiac o ďalšie 2 %, zatiaľ čo Altcoin Season Index...

Nina Šefčíková 1 week ago
Why SpacePay Is The Hidden Gem in This Year’s Hot Altcoin Presale Season

Why SpacePay Is The Hidden Gem in This Year’s Hot Altcoin Presale Season

Here’s the thing about altcoin season – everyone’s looking for the next big thing, but most projects end up being...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

dHealth Intelligence Launches a Medical-Grade AI Agent Engineered for Privacy and Trust

dHealth Intelligence Launches a Medical-Grade AI Agent Engineered for Privacy and Trust

ericdunne519 1 day ago
D’CENT Wallet Launches GasPass, Bringing Gas-Free Blockchain Transactions

D’CENT Wallet Launches GasPass, Bringing Gas-Free Blockchain Transactions

Aaron Walker 2 days ago
Forget High Fees, Volatility, and Speed Issues - SpacePay's New Solutions Could Change Crypto Payments Forever

Forget High Fees, Volatility, and Speed Issues – SpacePay’s New Solutions Could Change Crypto Payments Forever

ericdunne519 4 days ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望 ― 0.30ドル到達と「買うべきミームコイン」論争

    ドージコイン 今後の展望 ―...

    10 hours ago
  • リップル 今後の展望:RLUSDステーブルコインがマネーマーケットファンドに統合

    リップル...

    11 hours ago
  • 仮想通貨プレセール動向:次世代ビットコインレイヤー2が資金を集める

    ...

    11 hours ago
  • テザーが5,000億ドル規模の資金調達を計画、今注目すべき仮想通貨おすすめ

    ...

    11 hours ago
  • 新しい仮想通貨のプレセールが250万ドル目前、投資家が急増中

    ...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.