News
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital.
5482
Proof of Work News
Proof-of-work is a consensus algorithm developed to protect decentralized networks from any malicious activities. The initial concept of PoW was first described in 1993. The two steps of a proof-of-work algorithm are to solve difficult and time consuming tasks and to check the results. Despite the fact those tasks can be solved, they required a large amount of computer power. The difficulty of the tasks varies in order to control the frequency of discovery of the new blocks, which can be found approximately one block in 10 minutes because of the need to synchronize all discovered blocks among the users holding the blockchain. Due to the fact that the process is energy consuming and random, it is impossible to say for sure which Bitcoin-miner will solve the task and discover the block.
- Altcoin Watch
The massive upside move comes as a part of a rebound that started Friday after Electric Coin Company discussed the prospects of moving Zcash to proof-of-stake.
15558 - Market Analysis
Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network.
36499 - Altcoin Watch
New staking opportunities in DeFi and centralized exchanges as well as a migration to the Ethereum network are just a few reasons for KDA’s recent 500% rally.
66326 - News
Following the roll-out, the platform is now welcoming Ethereum blockchain developers to build upon Nervos Network in a bid to broaden its DApp ecosystem.
112889 - News
This Colombian beetle exporter once used biotechnology to reduce organic waste. It’s now moving into cryptocurrency development.
1773 - Sponsored
To take back control of rising costs of energy consumption, a blockchain startup releases a payment solution that gives users access to renewable energy supplies.
1772 - Altcoin Watch
The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade.
14177 - News
Launched in China in 2018, SparkPool controls over 22% of Ether’s hash rate as of Monday, second only to Ethermine.
97630 - News
Bitcoin appears to meet the definition of an energy-backed currency proposed by the famed American inventor during the interbellum period.
28345 - Altcoin Watch
The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure.
18028 - Altcoin Watch
The second-largest cryptocurrency reaches its best levels against Bitcoin and the dollar in more than three months.
26760 - Altcoin Watch
SOL price keeps rising as the U.S. securities regulator registered a Solana-centric fund for institutional investors and crypto market data network Pyth announced going live on the Solana blockchain.
48334 - Opinion
To ensure a sustainable future for blockchain and crypto, we need to reimagine the mining process and restructure PoW systems.
4322 - Altcoin Watch
Bitcoin and Ether’s upside exhaustion, Cardano’s smart contract FOMO, and an overall boom in the altcoin market have catalyzed ADA’s gains.
58385