Back in the end of May, Litecoin Cash (LCC) was a victim of an increasingly popular act, known as 51% attack, whereby a bad actor rented (or otherwise brought online) enough hashpower to be able to mine ahead of the network on a secret chain.
This attack was both a challenging and exciting time for us, as we wanted to provide an immediate solution to this attack, whilst also showcasing our technical abilities to be innovative. That is why we are delighted to announce our innovative solution to solving 51% attacks, called HiveMine.The Hive is a first-of-its-kind new security mechanism, that has been created and developed by our very own Litecoin Cash developers. It is an alternative method of mining to proof-of-work and proof-of-stake, that uses an agent-based block minting priority contest to validate transactions on the blockchain. This is reported on the official Medium Litecoin Cash.
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The purpose of P2PS ICO, brought to you by P2P Solutions Foundation, is to bring you a system through which you can exchange confidential digital assets or files with absolutely no interference from any third party, not even an administrator. P2PS is a fully functional product that has no comparable substitutes, alternatives or parallels on a global level.
P2PS is the world’s first blockchain-powered, secure, pure peer to peer, interference-free, digital communications platform designed for everyone with a need to securely store and exchange digital data such as private data, medical records, banking data and government classified data, among other sensitive digital exchanges. Such platforms today are simply nonexistent.