2019-1-22 18:00 |
Bitcoin figures have dismissed the latest report on cryptocurrencies by the Bank of International Settlements (BIS) after it claimed Bitcoin must stop using its Proof-of-Work algorithm. BIS: Bitcoin Must Drop Proof-of-Work The report, ‘Beyond the doomsday economics of “proof-of-work” in cryptocurrencies,’ was released January 21.
It focused on double-spend attacks within cryptocurrency blockchains, as well as the long-term future of Bitcoin mining profitability and blockchain stability. The BIS, also known as the central bank of
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The post Bitcoin Should ‘Depart’ From Proof-of-Work, Says Bank Of International Settlements appeared first on Bitcoinist. com.
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