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Es werden Posts vom August, 2017 angezeigt.

Gridcoin - The Bad

In this post we will show why Gridcoin is insecure and probably will never achieve better security. Therefore, we are going to explain two critical implementation vulnerabilities and our experience with the core developer in the process of the responsible disclosure.

Gridcoin - The Good

In this post we will take an in depth look at the cryptocurrency Gridcoin, we show how we found two critical design vulnerabilities and how we fixed them. In the last past years we saw many scientific publications about cryptocurrencies. Some focused on theoretical parts [Source] and some on practical attacks against specific well-known cryptocurrencies, like Bitcoin [Source]. But in general there is a lack of practical research against alternative coins. Or did you know that there are currently over 830 currencies listed online? So we asked ourselves how secure are these currencies, and if they are not just re-branded forks of the Bitcoin source code? Background Gridcoin is an Altcoin, which is in active development since 2013. It claims to provide a high sustainability, as it has very low energy requirements in comparison to Bitcoin. It rewards users for contributing computation power to scientific projects, published on the BOINC project platform. Although Gridcoin is…