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Discussing Bitcoin Softchains, Sidechains Using PoW Fraud Proofs
Ruben Somsen joined "The Van Wirdum Sjorsnado" to discuss the pros and cons of his softchains proposal. The post Discussing Bitcoin Softchains, Sidechains Using PoW Fraud Proofs appeared first on Bitcoin Magazine. дальше »
2021-2-13 01:27 | |
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Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. дальше »
2021-1-20 02:00 | |
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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0. дальше »
2021-1-14 06:30 | |
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2nd Largest Bitcoin Mining Pool Launches An ERC20 Based BTC Hash Rate Token on DeFi
One of the largest Bitcoin mining pools in the world, Poolin, has launched a BTC hash rate token built on Ethereum to combine proof-of-work (PoW) mining and decentralized finance (DeFi). Named pBTC35A, each unit of the token is equal to 1 terahash second (TH/s) hashing power that is owned by Poolin. дальше »
2021-1-13 19:02 | |
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Best Bitcoin Mining Pools 2021 in Review (+ Fee Comparison)
Mining is a crucial part of any Proof-of-Work protocol and is integral in maintaining the decentralized, secure nature of a blockchain. Bitcoin employs a typical PoW algorithm which has miners maintaining and verifying the network, making sure that the network is secure, democratic, immutable, trustless, and in theory more scalable than the average centralized database. дальше »
2021-1-11 19:52 | |
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Top 5 tokens for Staking in 2020
If you know how Bitcoin works, you probably are well aware of the fact that every blockchain uses some kind of consensus mechanism for transaction validation. Some of the most commonly used consensus mechanisms are Proof-of-Work (PoW) and Proof-of-Stake (PoS). дальше »
2020-10-3 10:01 | |
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What makes Ethereum Classic so vulnerable? Hint - Economics
Bitcoin has been around for over a decade now and one of its key features that solved the double-spend problem was its consensus algorithm - Proof of Work. Since then, however, PoW has come under incrThe post What makes Ethereum Classic so vulnerable? Hint - Economics appeared first on AMBCrypto. дальше »
2020-8-13 21:30 | |
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The Evolution of Proof of Stake – From Peercoin and Nxt to Algorand
The concept of using Proof of Stake (PoS) as an alternative to Proof of Work (PoW) for securing crypto networks has been around for a long time now. It was Sunny King and Scott Nadal who first proposed PoS in 2012 as a more energy-efficient solution than mining, which has traditionally been used to secure blockchains such as Bitcoin. дальше »
2020-7-23 11:44 | |
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Ripple CTO David Schwartz Criticizes Bitcoin For Not Being Eco-Friendly Like XRP
Ripple CTO David Schwartz criticized Bitcoin in a new blog post that claims XRP’s consensus mechanism is more environmental-friendly than BTC’s proof-of-work (POW), which ‘consumes a lot of energy and ultimately harms the environment’. дальше »
2020-7-11 18:16 | |
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University of Waterloo Prof: Ripple’s XRP is More Environment-Friendly Than PoW Based Bitcoin
The recent coronavirus pandemic has brought back attention towards maintaining a cordial relationship with our environment. In the wake of the COVID-19 outbreak, the whole world has come to a standstill as roads become empty and factories shut down. дальше »
2020-4-30 22:42 | |
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Ethereum 2.0 on the Right Path as Number of Hodlers Accelerate
The Ethereum network is experiencing a high increase of potential ETH validators in anticipation of Ethereum 2.0, an evolution that will abandon the typical PoW algorithm of blockchains such as Bitcoin and Litecoin in favor of PoS, offering a new consensus mechanism that will reduce the network complexity, making it possible to execute faster and […] дальше »
2020-4-27 15:21 | |
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ETH 2.0: What will happen to miners following the switch from PoW to PoS?
Despite the massive crash last month, the crypto-community has two major events to be excited about in the coming days - the Bitcoin halving and the ETH 2. 0 upgrade. While the halving date is set in MThe post ETH 2. дальше »
2020-4-26 00:30 | |
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Bitcoin Cash 51% Attack Cost Is Crazy Cheap Right Now
According to a site called Crypto 51, the cost for staging a 51% attack on PoW coins is a lot lower than you think. In fact, right now, the cost per hour for wiping out Bitcoin Cash is just $9,130. дальше »
2020-4-11 14:20 | |
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Bitcoin Mining Difficulty Sees Huge 6.8% Increase
Bitcoin’s mining difficulty rate adjustment is one of the key innovations behind the success of the Nakamoto consensus. As the amount of miners increases or decreases the difficulty of Bitcoin’s PoW increases or decreases, every 2016 blocks. дальше »
2020-3-10 03:00 | |
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DigiByte Founder On Why DGB Is Better Than Bitcoin: It’s Cheaper And ‘40x Faster’
DigiByte is a UTXO PoW network that focuses on digital payments, security, and decentralized apps. The decentralized blockchain was created by Jared Tate six years ago and has since been growing rapidly. дальше »
2020-2-22 17:37 | |
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Tezos Price Gains 1000% in 2019 without PoW, ICO or Fraud
Coinspeaker Tezos Price Gains 1000% in 2019 without PoW, ICO or FraudTezos price is too volatile compared to Bitcoin, Monero, Ethereum and other explosive materials. However, Tezos really deserves your attention as it has gained 1000% in just one year. дальше »
2020-2-20 19:29 | |
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PoS networks could have inherent governance problems
As environmentalists continue to criticize Bitcoin’s proof-of-work (PoW) consensus algorithm for using too much energy, proponents of delegated proof-of-stake (DPoS) have come forward, touting its aThe post PoS networks could have inherent governance problems appeared first on AMBCrypto. дальше »
2020-2-19 23:30 | |
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Tezos, Cardano, EOS, other DPoS networks could have inherent governance problems
As environmentalists continue to criticize Bitcoin’s proof-of-work (PoW) consensus algorithm for using too much energy, proponents of delegated proof-of-stake (DPoS) have come forward, touting its aThe post Tezos, Cardano, EOS, other DPoS networks could have inherent governance problems appeared first on AMBCrypto. дальше »
2020-2-19 23:30 | |
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After Four Years, Is Decred Better than Bitcoin Yet?
Decred, a hybrid Proof of Work (PoW) and Proof of Stake (Pos) crypto network, turns four today. And unlike the average, fickle altcoin project, Decred’s message has been clear since...The post After Four Years, Is Decred Better than Bitcoin Yet? appeared first on Cryptocurrency News. дальше »
2020-2-9 21:54 | |
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Bitcoin’s System is The Only Way to Build Cryptocurrency: Investment Firm Exec
Founder of Morgan Creek Capital, Mark Yusko, believes Bitcoin’s Proof of Work (PoW) consensus is the only viable protocol on which to build a digital asset. In an interview, he discussed why the coin is a “beautiful use case of blockchain,” and why 99% of other coins will eventually go to zero. дальше »
2020-2-1 20:55 | |
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Doomsday Clock Nears Midnight, Time to Buy Bitcoin?
The Doomsday Clock is now closer than its ever been in its 73 year history to spelling out the total destruction of mankind. Surely it must be Bitcoin o’clock now? The world’s experts sound the alarm Amid the rumors that Bitcoin and other Proof of Work (PoW) cryptocurrencies are unsustainable drains on the environment which consume too many resources, The Bulletin of Atomic Scientists has updated the famed Doomsday Clock to 100 seconds closer toRead More The post appeared first on Bitcoinist.com. дальше »
2020-1-26 05:00 | |
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Best Bitcoin Mining Pools 2020 in Review (+ Fee Comparison)
Mining is a crucial part of any Proof-of-Work protocol and is integral in maintaining the decentralized, secure nature of a blockchain. Bitcoin employs a typical PoW algorithm which has miners maintaining and verifying the network, making sure that the network is secure, democratic, immutable, trustless, and in theory more scalable than the average centralized database. дальше »
2020-1-3 23:06 | |
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Beam, BCH, BTC, Zcash to Halve Inflation Next Year
There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash all set to […] The post Beam, BCH, BTC, Zcash to Halve Inflation Next Year appeared first on Bitcoin News. дальше »
2019-12-9 21:35 | |
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Blockstream CEO Adam Back: Now-Defunct Theranos Was Similar to Ethereum (ETH)
Adam Back, the Bitcoin (BTC) pioneer and creator of the Proof-of-Work (PoW) system that was highly used in the Bitcoin mining algorithm, has launched a controversy by comparing Ethereum (ETH) with the no longer existing biotech startup Theranos. дальше »
2019-11-27 22:00 | |
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A History of Blockchain Consensus Mechanisms
The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, its original consensus mechanism – Proof of Work (PoW) – has been emulated and iterated, paving the way for a series of alternative algorithms with their own […] The post A History of Blockchain Consensus Mechanisms appeared first on Bitcoin News. дальше »
2019-11-26 03:30 | |
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Hard Problems in Cryptocurrency: Five Years Later
Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity. дальше »
2019-11-25 04:03 | |
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India: Major Electricity Firm Adopts Power Ledger (POW) DLT Solution
BSES, New Delhi’s major electricity distribution company has integrated Power Ledger’s (POW) distributed ledger technology (DLT) solution into its processes to allow residents to trade their excess solar energy in a frictionless way, reports Energyworld on November 14, 2019. дальше »
2019-11-14 20:00 | |
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Monero (XMR) Defends Decision to Implement ASIC Resistance
Coinbase recently published an article regarding security for Proof of Work (PoW) blockchains. While discussing the topic of ASIC resistance, Coinbase criticized such an approach, highlighting Monero’s need to hard fork every 6 months a significant burden that may not be worth it just to block out ASIC miners. дальше »
2019-11-14 16:00 | |
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Litecoin's halving: More of a curse than a blessing for miners, hodlers
Litecoin, the famously named "silver to Bitcoin's gold," underwent its halving on 8 August 2019, following which the mining reward dropped from 25 LTC to 12.5 LTC. The price surge of PoW coins around The post Litecoin's halving: More of a curse than a blessing for miners, hodlers appeared first on AMBCrypto. дальше »
2019-11-10 15:30 | |
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New CasperLabs Proof of Stake Blockchain Specification Announced as ‘CasperLabs Highway’
According to a recent announcement published by CasperLabs, the company managed to create a new specification for a much more secure, live, PoS (Proof-of-Stake) protocol. The new specs are named CasperLabs Highway. дальше »
2019-11-2 21:12 | |
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A Short History of the World’s Largest Bitcoin Mining Pools
Mining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as BTC and BCH to obscure altcoins such as monero classic and “zelcash. дальше »
2019-9-16 17:41 | |
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New Storm Concept Could Strengthen Bitcoin Cash Instant Transactions
Software developer Awemany has published a potential alternative approach to instant transactions on the Bitcoin Cash (BCH) network called “delta blocks” or Storm. The idea utilizes weak proof-of-work (PoW) for instant confirmations on Bitcoin Cash. дальше »
2019-9-4 21:30 | |
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Bitcoin’s PoW is more scalable than hashgraph as minimum data is required for block generation
Blockchain security and scalability are fundamental aspects of an asset’s decentralized network. Major digital currencies, including the likes of Bitcoin and Ethereum, received criticism largely because of their scalability issues. дальше »
2019-9-3 22:03 | |
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51% Attack: Ethereum Classic is the Most Unsafe PoW Network, Bitcoin is the Safest Per LongHash
As far as technology is concerned the world is thankful because pretty much everything human beings enjoy today can be traced to some technological advancement or the other. However, with the increase in technological innovation, there’s almost an equal increase in the risk of these advancements being compromised. The cryptosphere has suffered its fair share […] дальше »
2019-6-25 19:18 | |
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Bitcoin and Ethereum Classic find themselves on opposite ends of the 51% attack spectrum
Every revolutionary product comes with its own fallacy. However, to its internal metrics, in order for that product to remain adherent to the principle it hopes to expound, the cryptocurrency world is no less. дальше »
2019-6-24 20:30 | |
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An AI-Augmented Platform Could Solve Common Issues Affecting Blockchain Tech
Consensus is a major element in ensuring the integrity of a blockchain. Participants need to always be in agreement as to which blocks are added to the chain, and any disputes need to be dealt with quickly otherwise forks can severely destabilise the chain. дальше »
2019-6-10 12:40 | |
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Nearly 75% of All Bitcoin Mining’s Energy Consumption is Done Using Renewable Sources: CoinShares Report
Crypto treasury management firm, CoinShares publishes a report in which it noted Bitcoin Mining using mostly renewable energy. Analysts have been criticizing the energy-intensive proof-of-work (PoW) the -based process of bitcoin mining – as they've pointed out that it's not eco-friendly. дальше »
2019-6-7 17:45 | |
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Bitfury’s Alex Petrov Claims Proof of Work (PoW) based Crypto Assets Will Grow When Market Rises
Over the past couple of months, BTCs native hashrate has been witnessing steady growth. According to Bitfury CIO ‘Alex Petrov’, PoW based altcoins are more secure when compared to currency’s that make use of other digital frameworks. дальше »
2019-6-3 09:46 | |
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What Is Proof of Stake (PoS) & How Does it Work? Ultimate Coin Staking Guide
The recent rise of blockchains based on Proof-of-Stake (POS) has provided a new way for crypto holders to increase their holdings for relatively little work. Once unproven and untested, POS is now becoming more and more common among top blockchain networks. дальше »
2019-5-15 12:20 | |
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Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies. дальше »
2019-5-11 21:34 | |
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Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution
Mining Bitcoin and other Proof of Work (PoW) cryptocurrencies has traditionally required users to invest in expensive mining hardware, called ASICs, to mine new coins. Instead, some operators are using cloud mining solutions, which require little to no hardware to maintain, produce no heat and require virtually zero electricity for the user – with the cloud […] Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt. дальше »
2019-5-8 11:22 | |
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Twitter ‘Likes’ Bitcoin As Sentiment Moons: Clear Skies Ahead?
Bitcoin prices are partially set at the watercooler. Since most cryptocurrencies have yet to reach meaningful adoption, market movements depend on the whims of the investing public. Questions like “do most people expect Bitcoin to crash?” have more weight for short-term movements than the technical specifications of PoW mining or the Lightning Network. дальше »
2019-5-3 22:28 | |
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Is Bitcoin Mining Really An Environmental Catastrophe?
We’ve seen the screaming headlines: Bitcoin uses more electricity than Ireland! Bitcoin is an environmental terrorist! Bitcoin will use more energy than the whole wide world by next year! (Yes, really… Newsweek actually published that. дальше »
2019-4-25 19:40 | |
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