Bitcoin Researchers: You Can Game the System

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Computer science researchers at Cornell University claim to have found a way to subvert the system driving production of the digital currency Bitcoin.

The researchers call their technique “selfish mining,” through which individuals or groups of Bitcoin miners can collect more than their fair share of the currency. This could cause a chain reaction collapsing the system

Ittay Eyal and Emin Gun Sirer published their findings Monday on the open e-print archive arXiv in a paper titled “Majority is not Enough: Bitcoin Mining is Vulnerable.” Read more…

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