Hacker CryptoJacking Smartphones to Mine Monero and Bitcoin - Monero News, XMR Price Chart. Friday, August 24
Important Monero Cryptocurrency News
Hacker CryptoJacking Smartphones to Mine Monero and Bitcoin
Although these are digital currencies requiring considerably sophisticated miners and substantial electricity, hackers have discovered another way of mining Bitcoin and Monero through smartphones by installing malware in apps that the owners of the phones install. This was recently revealed by the web security company ESET.
The security experts said that these hackers are exploiting smartphones in mining these cryptocurrencies by embedding malicious crypto mining programs in them. These programs then mine for the hackers sending earnings to their address without the knowledge of the phone owners.
Although this may barely be noticed by the owner, it bears significant risks of slowing down the phone or reducing its lifespan.
An IT expert Gerome Billois said that for a phone to be ensnared into having these malicious programs installed, an internet server would first be entrapped and the malware designed to mine from a victim’s phone installed on it.
Monero Plans Bulletproof Protocol
A cyber security outfit Kudelski Security has already concluded an audit on the new Monero Bulletproof protocol meant to enhance the speed of transaction and the privacy of the Monero network.
The Monero team has been working hard and reports show that it is close to including Bulletproof to the main Monero protocol. Three different audits were funded by the Monero community and the first of the three has been concluded.
Two other audits will be conducted by a cyber security company Quarkslab and Benedikt Bünz, a Ph.D student in Applied Crypto. Bulletproofs are zero-knowledge proofs that ensures that even the amount of XMR sent b y the sender across the Monero network is concealed. This is another way Monero, the premier privacy coin has raised the bar further.
In a blog post, the Monero team wrote that Bulletproof represents a huge advancement in transactions across the network in terms of saving space, better verification times and lower fees.
XMR/USD Price Chart, Friday August 24th:
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Monero (XMR) Price Forecast: "Trading Sideways" - TokenTops Analysis
Monero Latest Update Drastically Reduces Fees, According To Users - Monero (XMR) News
What Is Monero's "Bulletproof" Technology That Just Went Live? - Monero (XMR) News
Monero XMR Ranked "The Best Coin For Anonymous Payments". BTC got 2nd place - Monero News
Monero Ecosystem Welcomes Two New Repositories - Monero (XMR) News
Coinhive Has Infected More Than 30,000 Routers In India - Monero (XMR) Mining
You need to login to create comments.