"Foundry Fortifies Rootstock: A New Era of Bitcoin Security"
1min read Mining giant Foundry has bolstered the security of Bitcoin's layer-2 solution, Rootstock, by integrating its mining power. This strategic move is expected to enhance the overall security and stability of the Rootstock network, which is built on top of the Bitcoin blockchain.
The integration of Foundry's mining power into Rootstock's security infrastructure is a significant development in the cryptocurrency ecosystem. Foundry, a leading mining company, brings its substantial hash rate and technical expertise to the table, further strengthening Rootstock's defenses against potential attacks.
Rootstock, a smart contract platform built on top of the Bitcoin blockchain, has been gaining traction in the crypto community. By leveraging Foundry's mining power, Rootstock aims to provide a more secure and robust environment for decentralized applications (dApps) and other blockchain-based projects.
The integration of Foundry's mining power into Rootstock's security infrastructure is a testament to the growing collaboration between mining companies and layer-2 solutions. As the cryptocurrency ecosystem continues to evolve, such partnerships are likely to become more common, driving innovation and growth in the industry.
In other news, the debate surrounding Bitcoin's security has been heating up on social media platforms. Ethereum Foundation researcher Justin Drake claimed that Bitcoin is "cooked" and that a 51% attack could be performed with a relatively small investment of $10 billion. However, prominent crypto lawyer Gabriel Shapiro argued that 51% attacks are no longer a real threat to Bitcoin, and Anatoly Yakovenko, cofounder of Solana, suggested that Bitcoin is moving towards a hybrid proof-of-stake (PoS) model.
Meanwhile, Chainlink, a decentralized oracle network, has seen a significant increase in whale activity. According to Santiment, an on-chain analytics platform, Chainlink has experienced the most whale activity in 14 months, with over 1,659 daily transactions of $100,000 or more. This uptick in whale activity has sparked speculation about a potential significant price movement for Chainlink in the near future.
