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Privacy Coin Ditcoin

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release.

Ditcoin is the first business driven cryptocurrency based on asset and community building. Its coin DTC guarantees 100% untraceable transactions, perfect for people who wants better privacy, yet with the lowest fees. Ditcoin’s ICO is about to end, so, take the opportunity of joining our project and become a part of our great success!

Individuals outside of the cryptocurrency industry generally don’t know how to utilize Blockchain, so, DitCoin has come up with an application that they can use as a mobile account to top up cryptocurrencies. This initiative of DitCoin in bridging the gap between individuals outside cryptocurrency and the cryptocurrency world itself will result to an increase number of people supporting this project.

In Ditcoin, everyone is assured that they will get the BEST among all of its products and services. All efforts are made to bring the project at the paramount of its success. Thus, the project, now, is on the process of listing Ditcoin on the following exchanges- Binance, Poloniex,, Livecoin and Bittrex.

Listing in these exchanges will prove how this project commits to give the perfect service among its valued investors. People will surely be amazed when Ditcoin hits the market, for it possesses great potential of growth and development. Being listed in some of the reputed exchanges means that your investment in Ditcoin will in its good advantage.

Another good news about Ditcoin project is the expansion of its community. Now, the final process is happening for to take over Whereas, will serve as the official cloud mining and lending site for and all accounts in will still be valid.

Furthermore, the blockchain lending pioneer MicroMoney will now support DitCoin’s ICO. The two companies have common goals of using FinTech to develop the existing banking system and this have been a good opportunity for both parties to enter into partnership. The growing network and linkages of Ditcoin is undeniably increasing. We can’t wait for more opportunities ahead but we’re certain that it’s going to be the BEST!

As of the moment of this writing, the ICO sales is 77% and counting, so, investors should take this opportunity to buy more DITCOIN and get 10% bonus. The estimated value of DTC after ICO will really break your jaw because it is projected that 2 months after ICO the price of DTC will be reach 10$ to 15$, after another 2 months it will be $15 to $30, and after 2018 it is expected to be $100. The growth tendency of this project is beyond average due to the efforts and commitment done by all developers, teams and management.

Lastly, the whole community applauded this project for the integration of Ditcoin in SkyGold Advertising & E-commerce Services Business. Whereas, SkyGold will accept DTC as a mode of payment for all products and services offered; like hotel accommodation, coffee shop, music bar, restaurant, super market and many more. The business establishment will be located at Angeles and San Fernando Pampanga, Philippines. Hence, DITCOIN will be your all in one cryptocurrency for your leisure and basic needs.


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United Bitcoin May Be the Most Controversial Fork to Date 2018



Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one would think

The Promises of United Bitcoin

A few months ago we reported on the UBTC project created by Jeff Garzik, his partner at the blockchain company, Bloq, chairman Matthew Roszak, and Bitbank Group’s Songxiu Hua. The team says it plans to create a credit currency system pegged against various fiat currencies alongside a native smart contract feature. The entire network is modeled after the bitcoin core blockchain prior to December 12, and all active wallet holders are able to receive UBTC at a 1:1 rate. The catch is inactive wallets will go towards the UB Foundation to support innovative blockchain development.

Over the past few weeks, the UBTC team have made some videos detailing their project’s goals to be serious cryptocurrency contender. One particular documentary shows Garzik describing why he thinks UBTC can be a digital asset that engages and unites with the entire cryptocurrency ecosystem. “If I could start with a clean slate what technologies would I include?” Garzik asks an audience during the video. Matthew Roszak says that United Bitcoin will encompass three really important pieces technology, community, and tokenomics by relying on cross-industry innovation.

United Bitcoin: Jeff Garzik's Fork Represents a 'Clean Slate'

One Out of Only Two Miners Controls 70% of the Network’s Hashrate

United Bitcoin: Jeff Garzik's Fork Represents a 'Clean Slate'So far the network has minimal infrastructure and community support. At the time of publication, there are only two miners who are processing UBTC blocks; an unknown entity and the mining pool The mining pool has more than 70 percent of the network’s hashrate. The network’s total hashrate is only 50,811.47 TH/s and block intervals can range from an hour and a half, to occasional sporadic 20-40 minute blocks. The network has an extremely low amount of users as there are only 20 pending transactions right now. Blocks are averaging roughly 20-100 transactions, and most block sizes are well below 1MB even though UBTC has the capacity for 8MB blocks.

UBTC has its own full node wallet client for Linux, Windows, and Macintosh operating systems and the source code is available for review. According to the distribution repository, there will also be a lightweight client release soon. There are three other wallets that support the UBTC protocol. As far as exchanges most of them are based in Asia, and a great majority of them are unknown and exchange very little trade volume besides the exchange Okex. At the moment, according to Coinmarketcap statistics, one UBTC is worth $82 USD.

Required Identity Verification and Claiming Inactive Addresses: United Bitcoin Is the Most Controversial Fork to Date

The most controversial part of the project is the opt-in airdrop feature which basically means a bitcoin holder must give up some form of identification to obtain UBTC. In order to even get started with UBTC, a user must supply a valid email address and a mobile phone number. After this process, the registrant has to have a valid bitcoin address as well to receive the 1:1 distribution. Another contentious issue with UBTC is the Foundation’s claiming of “unused addresses” which means after a period of time inactive addresses will be used for future development. At the moment the team has added a “grace period” which has extended the timeframe so bitcoin holders can claim their UBTC.

Because of the ‘KYC-like’ requirements and the fact that the development team will claim Satoshi Nakamoto’s and the inactive addresses of many whales, makes UBTC one of the most vexed bitcoin forks to date. These two tendentious issues plus the fact that the network has very little infrastructure may have a hard time gaining the crypto-community it hopes to progress.

What do you think about the UBTC project? Would you claim these airdrop tokens knowing you have to tie your identity to the platform? What do you think about the development team claiming inactive addresses? Let us know what you think about this project in the comments below.

Images via Pixabay, United Bitcoin archives, and website.

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Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs



Over 34,000 ethereum smart contracts containing $4.4 million in ETH may be vulnerable to exploitation. That’s the conclusion reached by a quintet of researchers hailing from Singapore and the UK. Their technical report, which is currently undergoing peer review, suggests that millions of dollars in ether may be at risk from poorly coded smart contracts that contain a variety of bugs.

Smart Contracts Are Only as Smart as Their Creator

“Finding The Greedy, Prodigal, and Suicidal Contracts at Scale” is the provocative title of a research paper submitted by British and Singaporean students last week. Its authors have dived deep into ethereum smart contracts, “finding contracts that either lock funds indefinitely, leak them carelessly to arbitrary users, or can be killed by anyone”. This latter flaw is precisely what happened to Parity last November.

The dangers of relying on smart contracts that have not been independently audited are well-documented. In the past year, $500 million has been lost due to bad code, and around half of that figure involved ethereum. The most notorious case was the Parity bug which led to $168 million of ether being rendered permanently inaccessible, though there have been plenty of smaller incidents where inexperienced or inattentive developers have been caught out.

A Small Drop in a Big Ocean

The authors of the report claim to have used a tool to analyze almost one million smart contracts, of which 34,200 were found to be vulnerable, with 2,365 of these stemming from distinct projects. That means that around 3.4% of all smart contracts are potentially vulnerable to being hacked, broken, or otherwise exploited. Of the contracts that the research team flagged as being exploitable, “the maximal amount of Ether that could have been withdrawn…is nearly 4,905 Ether” worth $4.4 million.

The report continues: “In addition, 6,239 Ether (7.5 million US dollars) is locked inside posthumous contracts currently on the blockchain, of which 313 Ether (379,940 US dollars) have been sent to dead contracts after they have been killed.” One thing the report deliberately omits is the identity of the smart contracts flagged as being at risk. But with almost 1 in 20 contracts vulnerable, and a jackpot of over $4.5 million in ether up for grabs, determined attackers have every incentive to put this research to the test.

What do you think can be done to make smart contracts safer? Let us know in the comments section below.

Images courtesy of Shutterstock.

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The post Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs appeared first on Bitcoin News.

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