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.

Sponsored
A crypto project is bringing apps and smart contracts to Bitcoin — and offers the first consensus algorithm to span two blockchains.
Crypto project brings apps and smart contracts to Bitcoin
Connor Sephton
2021-01-14T14:08:00+00:00
2400
Sponsored
A platform is billing itself as a one-stop-shop for DeFi that delivers interoperability across multiple blockchains.
One-stop-shop for DeFi to make staking easy, accessible and affordable
Connor Sephton
2021-01-13T16:45:00+00:00
2698
News
The U.S. exchange plans to roll out support in early 2021.
Ethereum 2.0 staking is coming to Coinbase
Sam Bourgi
2020-11-30T19:41:38+00:00
48486
Sponsored
The launch of Ethereum 2.0 has challenges — but this Web3 specialist has launched a new protocol that will allow people with less than 32 ETH to get involved in...
Want to stake ETH but don’t have $14K? This protocol can help
Connor Blenkinsop
2020-11-12T11:53:00+00:00
24547
News
CoinDCX users to stake on ETH 2.0 with as low as 0.1 ETH, the exchange says.
Indian exchange offers ETH staking ahead of Ethereum 2.0 launch
Helen Partz
2020-11-11T03:30:00+00:00
8040
News
With Joe Biden being declared the next President of the United States, Ripple CEO Brad Garlinghouse is making sure his company’s messaging aligns with the new a...
Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration
Sam Bourgi
2020-11-09T22:13:45+00:00
13527
News
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets.
OECD calls out countries for their inconsistent rules on crypto taxation
Michael Kapilkov
2020-10-14T22:42:32+01:00
3519
News
Steemit veterans vow to improve blockchain upgradeability and avoid damaging hard forks
Former Steem devs believe CPU mining is the key to a fair launch for their ‘blockchain 3.0'
Andrey Shevchenko
2020-10-13T13:04:00+01:00
4423

Follow us on Facebook