Opinion
While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake.
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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.
- Unitize
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious.
3648 - Analysis
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do?
70091 - Opinion
An analysis of the advantages and disadvantages of the blockchain protocols that are the basis of the entire industry.
8264 - News
The creator of first PoW-based crypto says the vast majority of projects are just “recycling something that belongs to someone else.”
6793 - Analysis
One analyst suggests staking may trigger a bull run for ETH, but how likely is ETH 2.0 to generate this amount of demand?
56463 - News
The founder of Swiss crypto broker Bitcoin Suisse predicts that Bitcoin will move to Proof-of-Stake once Ether has proved the algorithm’s success.
28501 - In depth
This is the first part of a deep dive into the years-long debate between proponents of proof-of-work and proof-of-stake. Which one is better and why?
9984 - News
Huobi Pool, a crypto mining arm of Huobi, says its operating revenues surged 547% in 2019, jumping from $53 million in 2018 to $320 million.
1467 - News
Chinese mining ASIC manufacturer Canaan will launch new, improved mining machines with 5-nanometer chips in Q1 2020.
7080 - News
Ethereum co-founder Vitalik Buterin has recently published an alternative proposal for an early transition to Ethereum 2.0.
10204 - Analysis
Forgoing crypto’s main principles, proof-of-authority is used by world giants and tech companies for better efficiency and scalability.
7519 - News
The Aragon community voted against Ethereum changing its proof-of-work mining algorithm before the release of Ethereum 2.0.
4480 - News
In order to become a validator on the Ethereum 2.0, one is required to maintain 32 Ether, worth of $5,300 at publishing time.
32400 - News
Bitcoin Core developer Greg Maxwell criticizes the “attractive mystery” that fear of a 51% attack on Bitcoin entails, adding that every possible solution is centralized.
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