In the proof of work system, computers must “prove” that they have done “work” by solving a complex computational math problem. If a computer solves one of these problems, they become eligible to add a block to the blockchain. But the process of adding blocks to the blockchain, what the cryptocurrency world calls “mining,” is not easy. In fact, according to the blockchain news site BlockExplorer, the odds of solving one of these problems on the bitcoin network were about one in 5.8 trillion in Feb. 2019. To solve complex math problems at those odds, computers must run programs that cost them significant amounts of power and energy (read: money). Proof of work does not make attacks by hackers impossible, but it does make them somewhat useless. If a hacker wanted to coordinate an attack on the blockchain, they would need to solve complex computational math problems at 1 in 5.8 trillion odds just like everyone else. The cost of organizing such an attack would almost certainly outweigh the benefits. The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. That concept can be difficult to wrap our heads around without seeing the technology in action, so let’s take a look at how the earliest application of blockchain technology actually works. Blockchain technology was first outlined in 1991 by Stuart Haber and W. Scott Stornetta, two researchers who wanted to implement a system where document timestamps could not be tampered with. But it wasn’t until almost two decades later, with the launch of bitcoin in January 2009, that blockchain had its first real-world application.
Main info
Project site kingpayments.netSupport email support@kingpayments.net;business@kingpayments.net
Project script Unknown(custom)
WhoIs info (domain)
Site domain kingpayments.netRegistration date 09.09.2019
Expiration date 09.09.2026
Registrar NAMECHEAP INC
Admin WhoisGuard Protected
Country PA
City Panama
Phone +507.8365503
Certificate info
Certificate CN=Sectigo RSA Domain Validation Secure Server CA, O=Sectigo Limited, L=Salford, ST=Greater Manchester, C=GBSubject CN=kingpayments.net
Creation date 02.01.2020
Expiration date 01.01.2021
Hosting info
Server IP 185.61.154.241
Server Apache
Provider
Region England
City London
Payment systems
Payment systems available
Withdraw types
ManualRatings and monitors
Alexa rank 294485Alexa rank delta -12645
Statuses on monitors 2 - paying 6 - waiting 6 - problems 4 - scam
Deposits sum from monitors $1,895.00
Deposits sum delta +$0.00
Calculated project balance 1,630.07$
Balance delta -33.27$
Remarks
?The certificate will expire soon
The monitors have a Problems status
The monitors have a negative status
There is negative information about the project