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.

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.
2020 Is Becoming the Year of Staking With Some Major Achievements
Sinjin David Jung
2020-08-03T14:56:00+01:00
11568
Unitize
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained bl...
MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious
Benjamin Pirus
2020-07-09T22:54:50+01:00
3646
Analysis
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do?
ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS
Stephen O'Neal
2020-06-13T12:45:00+01:00
68397
Opinion
An analysis of the advantages and disadvantages of the blockchain protocols that are the basis of the entire industry.
Proof-of-Stake or Proof-of-Work, That Is the Question
Evan Weiss
2020-05-08T12:38:00+01:00
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News
The creator of first PoW-based crypto says the vast majority of projects are just “recycling something that belongs to someone else.”
BTC Maximalists Are Right That 95% of Crypto Is a Scam, Says Emin Gun Sirer
Helen Partz
2020-05-01T20:32:00+01:00
6777
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?
Ethereum 2.0 Staking Upgrade Can Trigger ETH Price Rally
Will Heasman
2020-05-01T16:20:00+01:00
56293
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.
Bitcoin Will Follow Ethereum And Move to Proof-of-Stake, Says Bitcoin Suisse Founder
Marie Huillet
2020-04-14T13:11:00+01:00
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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?
Proof-of-Stake Vs. Proof-of-Work: Which One Is ‘Fairer’?
Andrey Shevchenko
2020-04-01T01:55:00+01:00
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