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Changing Bitcoin’s algorithm is “absurd” and “reckless,” ShapeShift CEO Erik Voorhees has said.
Core developer Peter Todd has suggested changing Bitcoin’s proof-of-work algorithm is a “good backup plan” in the ongoing scaling debate.
CoinTelegraph spoke with Cloak team member Cashmen about overcoming the initial pump and dump by the original team, resurrecting CloakCoin, transitioning from proof-of-work mining to proof-of-stake, and its upcoming "PoSA3" release.
The proof-of-work concept allows network nodes to reach consensus on which version of the blockchain should be considered correct.
CoinTelegraph spoke to MaryJanecoin developer Gabriel Ballerini to get an inside look at the new marijuana-backed altcoin and at the challenges facing the cannabis industry.
One of the driving factors behind cryptocurrency is the fact that it is decentralized, meaning that no individual or group controls it. Instead, it is controlled by everyone participating in the particular cryptocurrency's network.
A little more than a week after release of NeuCoin's technical whitepaper, an intense debate been sparked between the proponents of the two main crypto technologies, proof-of-work (PoW) and proof-of-stake (PoS).
After a year in the making, the cryptocurrency NEM (New Economy Movement) has officially been launched. CoinTelegraph had the chance to site down and discuss the ambitious project with one of the lead developers, Makoto, to find out more.
It seems that over the last six months the debate of whether proof of work (PoW) is the right long-term consensus protocol has been intensifying.
Cryptocurrencies are a form of digital money.
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