What is browser-based cryptocurrency mining, and how does it work?
Browser-based cryptocurrency mining has made a comeback, allowing casual miners to earn rewards. Once assumed to be extinct until its unlikely return in the latter part of 2017, browser-based cryptocurrency mining dates back to 2011 when BitcoinPlus.com launched its then-innovative service. Of course, back when Bitcoin was fairly new and mining was cheap, the idea of using a website to do the work for miners was quite popular. Thanks to a surge in the cryptocurrency market circa 2017, browser-based cryptocurrency mining has made a resurgence in certain circles today. The technology’s evolution is also due in part to the advent of blockchain-based coins that are mineable with easy-to-use JavaScript application programming interfaces (APIs) and home hardware. However, the accessibility has also ushered in a slew of malicious browser-based mining services into the fold. The foundation of cryptocurrencies, built on blockchain technology, is to safeguard financial transactions by embedding...