2022-3-13 12:26 |
A watered-down amendment limiting the use of proof-of-work cryptocurrencies has made it to the final draft of the MiCA framework
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The Bitcoin community is euphoric about the rejection of the EU's plan to ban proof-of-work cryptocurrencies. However, Ripple proponents have used the opportunity to decry regulators' bias.
2022-3-16 21:16 | |
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An article restricting proof-of-work cryptocurrencies has made it back into a draft of MiCA after it was reportedly scrapped.
2022-3-13 19:35 | |
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Merchants who immediately sell their Bitcoin for fiat currency create downward pressure on the Bitcoin price and that’s no secret. However, the merchants aren’t the only people to blame. The proof-of-work (POW) system used by Bitcoin and other cryptocurrencies fails to create an incentive for miners to hold onto their coins, which means that 3,600 […] The post Proof of Work vs Proof of Stake: Step-by-Step Mining Guide appeared first on CaptainAltcoin.
2022-3-2 02:33 | |
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A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.
2022-3-1 17:36 | |
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A draft regulatory package calls for the restriction of cryptocurrencies that use proof-of-work consensus mechanisms.
2022-2-26 14:49 | |
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Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives.
2022-1-12 17:11 | |
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Cryptocurrencies serve one purpose: Make the money go round without hindrances. In traditional setups, these obstacles are presented by payment processors. Intermediaries are keen on clipping a notable share of the principal amount as processing fees.
2021-12-29 14:00 | |
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U. S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate.
2021-6-11 23:30 | |
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If you’ve gone anywhere near the internet the last few weeks, you’ve probably discovered that the debate around the energy consumption of bitcoin and other Proof-of-Work (PoW) cryptocurrencies has intensified.
2021-6-11 23:02 | |
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The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx has recently submitted a Bitcoin Improvement Proposal (BIP) that aims […]
2021-5-15 02:00 | |
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While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency.
2021-1-20 02:00 | |
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Proof-of-work is the blockchain-based algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum.
2020-12-17 01:57 | |
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Ripple CEO Brad Garlinghouse took a dig at companies buying Bitcoin last week as the climatic effects of proof-of-work cryptocurrencies, like BTC, may be met with stern regulations if Democrat Joe Biden is elected as the US president.
2020-11-11 14:36 | |
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The mining of cryptocurrencies is often considered to be a wasteful effort. That being said, there is an option to maintain Proof-of-Work by utilizing NFC chips found in modern passports. Securing a blockchain often requires some sort of “work” to be done.
2020-5-5 00:00 | |
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The fully-decentralized network of stablecoins, PegNet, announces the launch of the first mobile wallet for Android users to easily convert pegged asset tokens. PegNet wallet hosts 42 stable pegged asset tokens of the top fiats, cryptocurrencies, and commodities gold and silver PegNet is the first proof-of-work oracle-based stablecoin network for DeFi Fixed $0.
2020-5-7 19:41 | |
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Professor Anwar Hasan claims that XRP is a more sustainable solution compared to proof-of-work cryptocurrencies because of its infinitesimal energy use
2020-4-29 10:27 | |
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OKEx Pool, a global integrated mining pool from OKEx, is offering a one-stop mining and trading service for its users from across the world. The mining pool, not confined to any one specific cryptocurrency, is known for the variety of mining services it offers for Proof-of-Work (PoW), Proof-of-Stake (PoS) and PoS-variant cryptocurrencies. Cryptocurrency mining has...
2020-3-14 11:34 | |
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There has always been a lot of tribalism in the cryptocurrency industry, especially when it comes to consensus methods. Power-hungry proof-of-work protocols are slowly being replaced by proof-of-stake (Pos) by many major digital currency platforms — but this too is not without its own set of potential drawbacks.
2020-3-4 00:10 | |
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Could 2020 be the year of proof-of-stake (PoS) cryptocurrencies? According to one analyst, the market is currently overlooking its potential impact. Proof-of-stake cryptocurrencies are posited as an alternative to proof-of-work mining, but are they viable in the long-run? Staking has yet to take off in the cryptocurrency industry, despite being talked about for years.
2019-12-3 07:29 | |
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According to a recent announcement published by CasperLabs, the company managed to create a new specification for a much more secure, live, PoS (Proof-of-Stake) protocol. The new specs are named CasperLabs Highway.
2019-11-2 21:12 | |
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Monero, one of the world’s leading fungible cryptocurrencies, has been up and running with a network-wide upgrade scheduled for the coming months. One of the most important features about the upgrade is the shift from Cryptonight R Proof-of-Work algorithm to RandomX Proof-of-Work algorithm.
2019-9-29 22:30 | |
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Hackers are still one of the biggest threats to Proof-of-Work networks. In the past year, digital thieves have used rented hash power to stage successful attacks on Vertcoin, Verge , Bitcoin Gold, Ethereum Classic, and several other cryptocurrencies, most of which have never recovered.
2019-5-24 02:01 | |
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Bitcoin is widely regarded as the Founding Father of all contemporary cryptocurrencies. People first heard of Bitcoin in 2009 when Satoshi Nakamoto, whose identity still remains unknown, revealed an open-source code that was actually an improved conceptualization of a cryptography method known as the blockchain.
2019-5-23 23:18 | |
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By CCN: For whatever reason, people believe that Amazon’s acceptance of Bitcoin or lack thereof will be a significant milestone for cryptocurrency. The company has never accepted it, which has given rise to several business models, including Purse.
2019-5-17 08:48 | |
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Similar to traditional financial ecosystem where strict guidelines govern the way new fiat currencies are minted by central banks, the decentralized world of blockchain-based cryptocurrencies have several consensus algorithms (proof-of-work (PoW), proof-of-stake (PoS), delegated-proof-of-stake (DPoS), and others which leverage different principles to mint new coins, secure a distributed ledger and partake in governance.
2019-4-8 17:00 | |
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Coinbase Custody’s 60 institutional clients, who currently store around $600 million on the platform, will be able to stake or “bake” Tezos (XTZ). Staking or baking dividends are akin to interest in the regular world.
2019-3-30 09:26 | |
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SINGAPORE – BitDeer. com, the leading computing power-sharing platform is now supporting mining for BCH, LTC, and ETH. Users now have a variety of mining options to select and can choose how to best utilize their rented computing power.
2019-3-1 11:59 | |
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Ethereum co-founder Vitalik Buterin questioned the decentralization level of those cryptocurrencies that promise a high transaction throughput and stood up for the Proof-of-Work algorithm.
2019-2-11 12:03 | |
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The future viability of Bitcoin’s use of the proof-of-work consensus has been called into question by a report from the Bank of International Settlements
2019-1-27 16:40 | |
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ETN is a proof-of-work crypto currency based on the CryptoNight hash algorithm. It was forked from Monero and aims for mass adoption as an “enablement currency” through mobile applications and instant payment technology, particularly in the developing world.
2019-1-23 15:45 | |
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Bitcoin figures have dismissed the latest report on cryptocurrencies by the Bank of International Settlements (BIS) after it claimed Bitcoin must stop using its Proof-of-Work algorithm. BIS: Bitcoin Must Drop Proof-of-Work The report, ‘Beyond the doomsday economics of “proof-of-work” in cryptocurrencies,’ was released January 21.
2019-1-22 18:00 | |
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Proof of Work-Enabled Bitcoin Unlikely To Succeed On Monday, the Basel, Switzerland-based Bank of International Settlements (BIS) — the so-called central bank of central banks — released a paper titled “Beyond the doomsday economics of “proof-of-work” in cryptocurrencies.
2019-1-22 06:00 | |
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Bitcoin Cash ‘Satoshi’s Vision’ (BSV), the new hard fork of Bitcoin Cash (BCH), is a “pure dumpster fire,” Ethereum co-founder Vitalik Buterin has said. Cool Vs. Dumpster Hot Air In a Twitter discussion with cryptocurrency commentator and entrepreneur Tuur Demeester December 25, Buterin debated the pros and cons of two algorithms used by many cryptocurrencies: Proof-of-Work (PoW) and Proof-of-Stake (PoS).
2018-12-26 14:00 | |
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INTRODUCTION We want to build an exchange website known as Bittrader where many coins will be listed and the main pair will be the TRD Coin. Similar to Binance, some of the notable features of Bittrader include strong security, privacy, and untraceable features.
2018-12-11 09:03 | |
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One of the worst things to happen to a proof-of-work cryptocurrency is a 51 percent attack. Such attacks undermine the immutability—and consequently the trust—in a blockchain. Satoshi Nakamoto summarized proof-of-work as “one-CPU-one-vote.
2018-12-10 13:20 | |
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Merged mining (also known as Auxiliary Proof-of-Work) is the process of mining two different cryptocurrencies at the same time. Cryptocurrencies that participate in merged mining must share the same hashing algorithm.
2018-11-15 09:00 | |
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Merged mining, or Auxiliary Proof-of-Work for the more technical crowd, is the process of mining two separate cryptocurrencies at the same time. Although not as popular as traditional Proof-of-Work or… The post What is Merged Mining? Can You Mine Two Cryptos at the Same Time? appeared first on CoinCentral.
2018-11-13 22:37 | |
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Most cryptocurrencies rely on proof-of-work (PoW) mining to secure their networks from double-spending in a censorship resistant way. In order to maintain censorship resistance, the network of miners must be sufficiently decentralized.
2018-11-2 22:54 | |
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Most cryptocurrencies rely on proof-of-work (PoW) mining to secure their networks from double-spending in a censorship resistant way. In order to maintain censorship resistance, the network of miners must be sufficiently decentralized.
2018-10-31 22:54 | |
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Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited.
2018-9-15 20:21 | |
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Over the last few years, there’s been a lot of projects, both public and private, that are attempting to create a next-generation blockchain or something better than Satoshi’s Bitcoin. A great majority of these projects have condemned proof-of-work (PoW) cryptocurrencies because they think they waste resources, and many of these new blockchains have chosen to […] The post Proof-of-Stake is a Rebranded Version of the Old Financial System appeared first on Bitcoin News.
2018-9-8 19:30 | |
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Whenever cryptocurrencies come up in debate, mining is inevitably one of the biggest, and least-informed, points. From Brad Sherman to Paul Krugman, certain commentators clearly feel that since the two leading cryptocurrencies require work they must be inherently bad.
2018-8-10 21:06 | |
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DICE was conceived as a proof-of-work solution to resolve the various fallacies of our current monetary system. It not only replaces blockchain based cryptocurrencies and solves their problems, but also.
2018-6-30 18:22 | |
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