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June 16, 2014 10:12 pm GMT
The bitcoin community was rattled recently when it became known that GHash, a mining pool, had crossed the 51 percent mark, indicating that it was powering more than half of the computing heft that undergirds the cryptocurrency’s foundation. At issue is the general consensus that any party that controls 51 percent or more of that computational power can do unkind things with bitcoin at… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MxfWoJMqQ8E/
GHash Looks To Quell Bitcoin Market Worries In Wake Of 51% Scare
The bitcoin community was rattled recently when it became known that GHash, a mining pool, had crossed the 51 percent mark, indicating that it was powering more than half of the computing heft that undergirds the cryptocurrency’s foundation. At issue is the general consensus that any party that controls 51 percent or more of that computational power can do unkind things with bitcoin at… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/MxfWoJMqQ8E/
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