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Introduction to the Proof of Work (PoW) and Proof of Stake (PoS) in the Cryptocurrency Industry
The Proof of Work earlier appeared in the publication of Cynthia Dwork and Moni Naor. According to research, PoW was primarily invented to help deter DoS attacks and help prevent service abuse such as spam by demanding some work from the service requester. дальше »
2019-2-28 19:57 | |
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 […] дальше »
2018-7-24 01:16 | |
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. дальше »
2018-7-21 23:03 | |
Proof of Authority (PoA) Blockchain Network Consensus: How Does It Work?
Most people are familiar with bitcoin’s Proof of Work (PoW) consensus, and Proof of Stake (PoS). Yet, there other consensus types like the Proof of Authority (PoA), which is a relatively new consensus. дальше »
2018-7-19 15:29 | |
PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems
With bitcoin becoming more competitive, a new organization looks to bring decentralization back to mining by renovating the Proof of Work (PoW) consensus algorithm that some miners have come to love. дальше »
2018-7-18 19:00 | |
Cardano Aiming to Overcome Limitations of PoW With PoS
The Cardano blockchain comes with an innovative Proof of Stake protocol known as Ouroboros. The new blockchain transaction verification system’s details were first revealed in a research paper released by IOHK founder and CEO Charles Hoskinson in April. дальше »
2018-7-16 17:19 | |
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. дальше »
2018-7-14 01:04 | |
PoWx: Optical Proof of Work Fix For Decentralizing Bitcoin Mining with Photonic ASICs
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. дальше »
2018-7-6 20:06 | |
Proposed Ethereum Soft-fork To Scale Network 100x Better
Vitalik Buterin and his team are on the verge of rolling out a new upgrade to the Ethereum network, which will first of all change the system from its current PoW (Proof of Work) to a PoS (Proof of Stake) and also implement “Sharding. дальше »
2018-6-18 15:06 | |