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'Selfish miner' attack could devastate Bitcoin, researchers say

Jeremy Kirk | Nov. 6, 2013
The researchers have proposed a fix to Bitcoin's algorithm

Although Bitcoin is not controlled by an entity, a team of developers work on its core protocol. Updates to the protocol are periodically released and adopted by the community, although there is no way to force people to upgrade their software.

The update would give people greater confidence in the Bitcoin economy and ensure that people don't have to count on miners' "good intentions," Eyal said.

 

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