Hacker CryptoJacking Smartphone for Mine Monero and Bitcoin

Important news Monero Criptovaluta

Hacker CryptoJacking Smartphone for Mine Monero and Bitcoin

Although these digital currencies require sophisticated miners and substantial electricity, hackers have discovered another way to extrapolate Bitcoin and Monero via smartphones by installing malware into apps installed by phone owners. This was recently revealed by the ESET web security company.

Security experts have claimed that these hackers are exploiting smartphones to extract these cryptocurrencies by incorporating malicious malware encryption programs. These programs then extend to the hackers who send the earnings to their address without the knowledge of the owners of the phone.

Although this can hardly be noticed by the owner, it carries significant risks of slowing down the phone or reducing its duration.

An IT expert, Gerome Billois, said that to prevent a phone from getting caught up in having these malicious programs installed, an Internet server is first blocked and malware designed to extract a victim installed on it from the phone.

Monero Plans Bulletproof Protocol

A computer security team Kudelski Security has already completed an audit on the new Monero Bulletproof protocol aimed at improving transaction speed and the privacy of the Monero network.

The Monero team has worked hard and reports show that it is close to including Bulletproof in the main Monero protocol. Three different audits were financed by the Monero community and the first of the three was concluded.

Two other audits will be conducted by a computer security company Quarkslab and Benedikt Bünz, a doctoral student in Applied Crypto. The bullet proofs are zero knowledge tests that ensure that even the amount of XMR sent by the sender through the Monero network is hidden. This is another way Monero, the premier currency for privacy has further raised the level.

In a blog post, the Monero team wrote that Bulletproof represents a huge advance in transactions across the network in terms of space savings, better and lower verification times

XMR Price

XMR Price Chart / USD, Friday 24 August:

  Hacker CryptoJacking Smartphone for Mine Monero and Bitcoin - Monero News, XMR Price Chart. Friday, August 24

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