Vitalik Buterin’s Four Major Points of Emphasis Regarding the Transition to Proof of Stake Mining

2019-3-29 03:09

Despite still using a proof of work mining system, Ethereum (ETH) is widely known for the proof of stake system, since it was originally designed by its co-creator Vitalik Buterin as the future of cryptos.

Now, however, many doubts are appearing on whether to change the algorithm or just leave it be. The community waited […].

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Ôîòî:

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

On Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of […] The post Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency appeared first on Bitcoin News.

2019-2-18 21:01


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After reports of Nicehash controlling around 70% of DASH Nethashrate, the 51% attack is once again a real Threat

Nicehash owns about 70% of DASH mining network according to a Reddit user (Jan 10), and the news is already causing a wave of concerns within the community Investigation It looks like someone currently controls over 51% of DASHs hashrate over Nicehash mining pools; a recent Reddit post accusing Nicehash of being a threat to Proof of Work (PoW) cryptocurrencies.

2019-1-11 15:22


Merkle Tree Proofs (MTP), Proof of Work Crypto Mining and ASIC Resistance Debate Heats Up

Merkle Tree Proofs ASIC Resistance Egalitarian mining and the proof-of-work algorithm (PoW) makes ASIC resistance worth the pursuit. The algorithm, called Merkle Tree Proofs, is one that Zcoin seems to believe in and states that it is “premature” to give up this early on in the game. There are many reasons for ASIC resistance. The […]

2018-10-31 00:30


Proof of Stake Over Proof Of Work- Agate takes the environmental damage out of blockchain mining

As the cryptocurrency trading and its subsequent growth caused quite a stir in the world economy, so did the exponential increase in the cryptocurrency mining associated with it. The cryptocurrency mining or as called by other names such as, ‘Crypto mining’ or ‘Altcoin mining’, is a process by which various cryptocurrency transactions are verified and […] The post Proof of Stake Over Proof Of Work- Agate takes the environmental damage out of blockchain mining appeared first on ZyCrypto.

2018-10-2 11:39


Ôîòî:

DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople

Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals (EIPs):Bitwise shifting instructions (EIP 145) in the Ethereum Virtual Machine (EVM) allow for direct manipulation of bytes on the EVM layer.

2018-9-11 18:15


BitTorrent Announces Candidacy for Tron Super Representative

Just days after the TRON Foundation officially acquired BitTorrent, the torrent software company has announced its candidacy for a position as a TRON Super Representative. Unlike other cryptocurrencies, which usually involve decentralized mining or staking that can be freely participated in, TRON is based on a delegated proof of stake (DPOS) mechanism with elected entities:… The post BitTorrent Announces Candidacy for Tron Super Representative appeared first on UNHASHED.

2018-7-27 02:06


Proof of Assignment (PoA) vs. Proof of Work (PoW) and Proof of Stake (PoS)

Proof of Work (PoW), Proof of Stake (PoS), and Proof of Assignment (PoA) are cryptocurrency mining protocols. Essentially, they are computer algorithms that allow cryptocurrencies to function.   If you’ve been following the crypto world, then you’re probably already familiar with the two main protocols known as PoW and PoS. As it stands, there are […]

2018-7-24 01:16


Ôîòî:

Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


Ôîòî:

PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

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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