2019-1-22 18:45 |
Bitcoin’s problems are only solvable by departing from proof-of-work, according to research conducted by the Bank for International Settlements
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With bitcoin mooning and surpassing all of its previously-set records, people worldwide are rushing to obtain profits. Miners are also keen on solving the proof-of-work problem in exchange for a chance to add the next block and reap their bitcoin reward.
2021-1-19 11:08 | |
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The 51 percent attack Bitcoin Gold experienced last week sparked an industry-wide debate about the security of the network. Many saw this as proof of BTG’s redundancy, but few focused on the problems in proof-of-work itself that enable these kinds of attacks to happen in the first place.
2020-1-27 21:06 | |
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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.
2019-1-22 18:00 | |
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The proof-of-work algorithm used by bitcoin and some other cryptos is not viable in the long term, argues a Bank of International Settlements study.
2019-1-22 15:01 | |
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Proof of Work-Enabled Bitcoin Unlikely To Succeed On Monday, the Basel, Switzerland-based Bank of International Settlements (BIS) — the so-called central bank of central banks — released a paper titled “Beyond the doomsday economics of “proof-of-work” in cryptocurrencies.
2019-1-22 06:00 | |
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Bitcoin Gold (BTG) is a hard fork on Bitcoin blockchain. The idea behind the fork was to change the proof-of-work algorithm from the SHA256 algorithm, originally selected by Satoshi Nakamoto, to Equihash.
2019-1-17 14:11 | |
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Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto published the Bitcoin whitepaper, the concept of mining was pretty simple.
2019-1-16 14:02 | |
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Bitcoin is an open-source protocol that anybody can interact with. It is getting attention and attracting participation in different ways, whether it is through speculation, investing and sending money, all the way to contributing to what’s underneath the hood.
2019-1-16 01:14 | |
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Although Proof-of-Work (PoW) has proven through Bitcoin to be the most secure mechanism for securing a blockchain, this past year has shown that mining as we know it is not secure. As PoW problems be continuously revealed and amplified over the course of 2018, the value and success of mining has been increasingly contended.
2019-1-2 09:08 | |
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Виталик Бутерин, к чьему мнению в Твиттере всегда прислушивается криптосообщество, участвуя в дискуссии, по поводу Биткоина и его противоречивых побочных форков, Bitcoin Cash (BCH) и Bitcoin SV (BSV), назвал последнюю криптовалюту «пожаром в мусорной корзине».
2018-12-27 15:54 | |
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Виталик Бутерин, являющийся создателем Ethereum, снова вступил в спор с криптосообществом в твиттере. На этот раз он высказал сомнения, касающиеся механизма работы биткоина, а также раскритиковал Bitcoin SV.
2018-12-27 12:38 | |
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Сооснователь Эфириума Виталик Бутерин назвал новый хардфорк Bitcoin SV дымом из мусорного контейнера. При этом Биткоин он считает «по-настоящему крутой технологией». В Твиттер-перепалке с криптоэнтузиастом и предпринимателем Тууром Демистером Бутерин высказался о преимуществах и недостатках алгоритмов Proof-of-Work (PoW) и Proof-of-Stake...
2018-12-27 11:30 | |
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Bitcoin Cash ‘Satoshi’s Vision’ (BSV), the new hard fork of Bitcoin Cash (BCH), is a “pure dumpster fire,” Ethereum co-founder Vitalik Buterin has said. Cool Vs. Dumpster Hot Air In a Twitter discussion with cryptocurrency commentator and entrepreneur Tuur Demeester December 25, Buterin debated the pros and cons of two algorithms used by many cryptocurrencies: Proof-of-Work (PoW) and Proof-of-Stake (PoS).
2018-12-26 14:00 | |
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Miners Won’t Be Able To Work For Much Longer With Ethereum, According To A Market Analyst Alex Kruger The bearish market has already brought down faith in Bitcoin for many users, and their mining scene isn’t doing too swell either.
2018-12-21 23:00 | |
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BEIJING, CHINA – On December 12th, 2018, BitDeer announced its official launch as a world-class computing power-sharing platform and strategic partnerships with BTC. com and AntPool, the world’s largest cryptocurrency mining pools.
2018-12-13 01:21 | |
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INTRODUCTION We want to build an exchange website known as Bittrader where many coins will be listed and the main pair will be the TRD Coin. Similar to Binance, some of the notable features of Bittrader include strong security, privacy, and untraceable features.
2018-12-11 09:03 | |
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One of the worst things to happen to a proof-of-work cryptocurrency is a 51 percent attack. Such attacks undermine the immutability—and consequently the trust—in a blockchain. Satoshi Nakamoto summarized proof-of-work as “one-CPU-one-vote.
2018-12-10 13:20 | |
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Scrypt is a hash function that was first used by the cryptocurrency, Litecoin (LTC), as an alternative to the more well-known SHA-256 hash function. Scrypt and SHA-256 are used as mining algorithms within the Litecoin and Bitcoin (BTC) protocols respectively.
2018-12-8 09:00 | |
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Miners have been decimated by the market downturn. In response, miners have started decommissioning hardware, mothballing rigs, and even selling hardware by the pound. Bitcoin and cryptocurrency proof-of-work (PoW) mining is a controversial topic.
2018-11-22 03:55 | |
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На прошлой неделе прошел хардфорк блокчейна Bitcoin Cash, в результате которого образовалось две цепи. А вчера мониторинговый сервис Bitcoin Cash Fork Monitor сообщил о возможной атаке на одну из них.
2018-11-20 15:06 | |
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Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin.
2018-11-20 23:08 | |
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There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region.
2018-11-18 17:00 | |
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Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV).
2018-11-17 02:13 | |
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Merged mining (also known as Auxiliary Proof-of-Work) is the process of mining two different cryptocurrencies at the same time. Cryptocurrencies that participate in merged mining must share the same hashing algorithm.
2018-11-15 09:00 | |
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More than a year later after Bitcoin UASF, Blockstream CEO and inventor of Bitcoin’s proof-of-work technology, Adam Back, recalled the event as ‘an emphatic’ victory’ for users. Who Was in Charge of UASF? Remember UASF? The movement to get users to run full-nodes and support SegWit? Yes, the one with the cool-looking hats.
2018-10-24 03:00 | |
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Decred (DCR) is a cryptocurrency, similar to Bitcoin, with a strong focus on community input, open governance and sustainable funding and development. It utilizes a hybrid “Proof-of-Work” and “Proof-of-Stake” mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. On […]
2018-10-23 11:20 | |
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CryptoNinjas Horizen (formerly ZenCash), the privacy-oriented blockchain technology platform, has released a security adjustment to Bitcoin’s Satoshi Consensus algorithm. The adjustment, thoroughly tested by Horizen and its community, is designed to enhance protection of Proof-of-Work blockchains against 51%.
2018-10-11 19:51 | |
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Scientists from IBM Research claim they've found a way to reshape blockchain architectures for energy-constrained internet of things devices.
2018-10-3 15:00 | |
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Команда разработчиков цифровой валюты Siacoin решили отказаться от своего изначального решения позволить ASIC-ам Bitmain и Innosilicon преобладать в этой сети и провести для этого хардфорк. Об этом они сообщили в своём Твиттер.
2018-10-2 20:54 | |
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On October 1, 2018, Sia Tech, took the controversial step of resetting the Sia Proof-of-Work (PoW) function to brick the Bitmain and Innosilicon hardware which came online to mine the native cryptocurrency of Sia.
2018-10-2 20:30 | |
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Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.
2018-9-15 20:21 | |
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Over the last few years, there’s been a lot of projects, both public and private, that are attempting to create a next-generation blockchain or something better than Satoshi’s Bitcoin. A great majority of these projects have condemned proof-of-work (PoW) cryptocurrencies because they think they waste resources, and many of these new blockchains have chosen to […] The post Proof-of-Stake is a Rebranded Version of the Old Financial System appeared first on Bitcoin News.
2018-9-8 19:30 | |
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В ходе конференции разработчики Ethereum приняли решение снизить награду майнерам с 3 ETH до 2 ETH. Это изменение заложено в набор EIP-1234. Его активация может произойти в ходе хардфорка Constantinople.
2018-9-1 12:41 | |
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David Schwartz, one of the original architects of the Ripple consensus network, doesn’t see XRP being the one digital asset to rule them all any time soon and holds an unspecified amount of bitcoin despite calling its Proof-of-Work consensus algorithm a “technological dead-end.
2018-8-26 08:00 | |
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The regulators have awoken. SEC Director William Hinman introduced novel concepts to the securities law analysis such that sellers of digital assets may have an escape valve.
2018-8-10 22:24 | |
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Decred (DCR) is a proof-of-work (PoW) cryptocurrency that has the same coin supply as Bitcoin, but what differentiates it? Decred is essentially “Bitcoin with governance”. Many analysts attempt to categorize coins by industries, and the Level 1 hierarchy usually has three categories: currencies, platforms and applications.
2018-7-31 19:10 | |
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Today, the days of hobbyist crypto miners are long gone, and thanks to the growth of larger miners (namely Bitmain) we can enjoy a more reliable, stable and faster network. However, this comes at a price.
2018-7-29 11:00 | |
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Canada’s central bank has championed proof-of-work (PoW) algorithms as part of a new research paper on Blockchain consensus. ‘Irretrievable Sunk Costs’ In its Staff Working Paper released this week, Bank of Canada (BoC) said PoW, used by Bitcoin, held more promise than alternative proof-of-script (PoS) algorithms found in various altcoins.
2018-7-25 18:00 | |
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OPINION: The XRP Ledger has been bashed by many members of the cryptocurrency community since its genesis. From wanting to work with regulators amongst the anarchism of Bitcoin [BTC] to being a pre-mined currency during the reign of Proof-of-Work, XRP has been an outlier to Bitcoin maximalists and proponents of decentralization alike. Therein lies the […]
2018-7-23 11:12 | |
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What’s the best that can happen? That’s the focus of Fetch. ai in the realm of artificial intelligence (AI). Episode 025 of the What Bitcoin Did podcast featured a wide-ranging conversation between host Peter McCormack and Fetch co-founder/CTO Toby Simpson about both best-case and worst-case outcomes for AI.
2018-7-20 19:38 | |
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Dala has officially announced a new multi-chain strategy that will include Stellar, the technology behind the seventh largest cryptocurrency (lumens) by market cap.
2018-7-20 00:07 | |
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Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.
2018-7-14 01:04 | |
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Bitcoin, in its nine years of existence, has steadily gained traction, defining itself as a new digital gold. Early adopters of this technology have shown excitement for the potential of this inflation-proof sound money.
2018-7-14 00:48 | |
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As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.
2018-7-13 17:16 | |
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Bitcoin’s proof-of-work mining algorithm has sparked a few debates over the past few months. It is considered to be a huge waste of electricity and a borderline environmental disaster. A new proposal has been put forward under the PoWx banner.
2018-7-7 20:00 | |
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The Launch of PoWx to Further Decentralize Bitcoin Mining A not-for-profit called the PoWx has recently been launched and it supposedly enhances the notion of proof-of-work (PoW), which is a method that validates transactions, by implementing a more innovative algorithm.
2018-7-6 20:06 | |
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In short, PoWx advocates bitcoin adopt a new technology it calls “optical” proof-of-work, which uses a more energy-efficient laser technology as the cornerstone of mining. Not to mention, the developers behind PoWx are the latest to point to one mining firm, Bitmain, and its influence on the network as a major issue. Though exact numbers
2018-7-6 09:51 | |
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In short, PoWx advocates bitcoin adopt a new technology it calls “optical” proof-of-work, which uses a more energy-efficient laser technology as the cornerstone of mining. Now, they need to purchase specialized computers costing thousands of dollars and which they don’t do anything else.
2018-7-6 08:04 | |
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Майнинг — единственный способ добычи криптовалют, чей блокчейн поддерживает алгоритм консенсуса PoW (Proof-of-Work) или доказательство выполнения работы. В данных сетях майнеры отвечают за подтверждение транзакций и добавление новых блоков в блокчейн, за что получают вознаграждение во внутренней криптовалюте сети.
2018-7-3 08:30 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.