PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems

PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems
фото показано с : btcmanager.com

2018-7-18 19:00

With bitcoin becoming more competitive, a new organization looks to bring decentralization back to mining by renovating the Proof of Work (PoW) consensus algorithm that some miners have come to love.

The premise, in short, hopes to replace energy costs with manufacturing costs. Miner Profitability and Environmental Concerns PoWx is the foundation behind a new algorithm called OPoW, or Optical. . .

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Фото:

PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

2018-7-14 01:04