Retesting before regression to make sure nothing has broken for all of the CMS functionality. 2.16 NEWS
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Even the best anonymous chains were only as secure as their users – until now.
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Privacy coins have become a fixture in the crypto market. Their white papers are paeons to the libertarian, Austrian School of economics, anarcho-capitalist streak at the heart of the blockchain revolution. But while the idea behind these tokens might be lyrical poetry, the reality has been more an exercise in screaming headlines.
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Monero, probably the most famous of these deliberately not-famous coins, recently had to deal with a malware attack that snatched value out of wallets downloaded from its own website. At least one person who was alerted to the attack decided to go ahead and use his wallet anyway and ended up $7,000 poorer. Similarly shocking, a 2018 University of College London paper found that only 7.1% of Zcash transactions take advantage of the security settings available; most of the rest are completely transparent – because that’s how the defaults were set.Even so, privacy coins generally live up to their name, at least as far as their code is concerned. They provide anonymous, untraceable transactions for – and here is the important part – those who are sophisticated enough to use them properly. Candidly, that is a very small percentage of people in the crypto trading game. It’s safe to say that most of the errors are on Layer 8 of the seven-layer OSI model. They are wetware bugs, biological interface errors. They are what system analysts call PICNIC: “Problem In Chair, Not In Computer.”
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The challenge, then, is to make the blockchain impervious to the self-hack. One project, Pirate Chain, may have figured out how to do precisely that.
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