Web3 is not about blockchain or decentralization. It is about the democratization of the web
Through a more clever mix of game theory and cryptography, Silvio Micali and his team might have created tomorrow’s infrastructure. Fast, secure and scalable.
Proof of Work is an important aspect of the cryptocurrency solution. Here are my favorite Proof of Work cryptocurrencies.
Either the merge happens, or it doesn’t. That is the future event we are trading. The merge itself is unaffected by the price of ETH
While traditional blockchains focus their rewarding on transaction processing, Proof-of-Data-chains are focused on data stored in decentralized filesystem.
Gold is the original Proof of Work to back a currency.
Finding a human-centric solution to the problems that most blockchains face when it comes to fair voting in its currently plutocratic and unequal form.
There is no doubt that proof of stake (PoS) has become a popular consensus algorithm in the cryptocurrency world.
While some maximalists assert that altcoins are just unregistered securities, most consider them technically and morally questionable, if not outright scams.
Justin Sun highlights why proof-of-work is an essential part of Ethereum, and lends his expert insights regarding the matter.
Intel's new pro-mining ASIC chipset—Blockscale—isn't just efficient. It has the future of crypto adoption in mind and Intel is in the space for the long haul.
Kaspa has made the blockchain trilemma a thing of the past with it's approach and the solution to the blockchain trilemma... and it's an actual solution.
Prices of ETH have gone bearish following the Merge's successful execution, which upgraded the Ethereum network from PoW to PoS in September.
To call Proof of Stake a savior is a stretch. To call Proof a Stake a stopgap…perhaps. To call Proof of Stake something new is simply not true.
An analysis on what may happen to the price of ETC in the context of upcoming the Merge of ETH moving from PoW to PoS
Selfish mining is a scenario where a miner mines a new block but fails to publish it for other miners to see and add it to the chain of blocks on their ends.
Miner extractable value vs Maximal extractable value
What exactly does becoming a deflationary cryptocurrency mean for Ethereum? And why is this important?
At the heart of the mission was the need to address the throughput, scalability, and importantly, environmental issues associated with Proof of Work blockchain.
On this day, Second Sunday of Easter, also known as the Octave Day of Easter, White Sunday, Quasimodo Sunday, and Low Sunday, traditional Catholics following the traditional liturgical calendar in the Roman Rite, ponder the Gospel of St. John (here taken from the 1945 St. Andrew Missal):
There are three currently known PoW based NFTs for readers to compare and consider which would be the next hotspot and opportunity in the NFT market.
Two common PoS implementations are BFT and Ouroboros. Blockchains turn to PoS due to factions such as TPS, decentralization, tokenomics, and fast finality.
The blockchain scalability problem is currently the main limitation for the mass adoption of blockchain technology. In the standard permissionless p2p blockchain design introduced by Satoshi Nakamoto, every node has to process all the data in the network.
One of the hardest parts of designing a monitoring system is predicting everything that “might” go wrong. That only comes from experience, not just over time, b
The Proof of Stake versus Proof of Work debate will affect how cryptocurrencies move forward.
Learn the truth about Bitcoin’s energy consumption and understand why its environmental impact isn’t as bad you think.
We'll look at the difference between these three algorithms - Proof-of-Stake vs Proof-of-Work vs Proof-of-Time and how they compare.
Many tech experts argue about Blockchain's carbon footprints consensus mechanisms. Learn the pros and cons of proof-of-stake vs. proof-of-work.
Proof of Work is the most secure Internet protocol ever created
INTRODUCTIONThe blockchain technology and the opportunities it created began to enter our lives about 10 years ago. The technology that we are most familiar with is Bitcoin, a cryptocurrency that uses the blockchain technology. After the invention of Bitcoin many other cryptocurrencies have followed suit. Bitcoin is still at the top and was the first to introduce the Proof of Work algorithm, which we'll talk about in a moment, however, this system is now quite outdated. In this article we are going to discuss the technical aspects of the Blockchain technology, Bitcoin and the algorithms it uses and applications for the Blockchain technology.
To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proof-of-work system similar to Adam Back's Hash cash [6], rather than newspaper or Usenet posts. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash.
The implementation of a cryptographic hash function is beneficial to prevent fraudulent transactions, double spends in blockchain, and store passwords.
One effective freelance working hour is worth two or three regular 9-to-5 working hours.
Ethereum gas fees have been on the rise since the beginning of the year. In the latest developments, miners on the world’s second-largest blockchain protocol voted to increase the gas limit from 10 to 12.5 million Gwei. This increase of 25 percent in miner fees contributes to the more than 75 percent rise year-to-date.
Layer 1 versus Layer 2 blockchain solutions. Layer 2 blockchain protocols have posted stellar performance in 2021. So what are they to a layer 1 solution?
Ethereum emits nearly the same amount of carbon dioxide as Singapore at this time and is the second-largest blockchain, after only bitcoin. If the Merge is successful, it will significantly reduce ethereum’s high electricity usage by almost 99%.Key Highlights
Bitcoin will most likely continue to use PoW. Post ETH 2.0, there is elevated risk of a much lower profitability for current ETH miners going forward.
Koinos Group reveals the next generation of consensus algorithms with greater decentralization that proof-of-work, and greater efficiency than proof-of-stake.
Why are NFTs bad for the environment? These are all examples built on blockchains that do not use Proof-of-Work or any other type of energy-intensive methods.
We propose an improved algorithm called proof-of-less-work.
Ethereum's Merge switched the blockchain from Proof of Work to Proof of Stake. While it addressed some of the old problems, it created a new set to deal with.
An article that both explains and compares Proof-of-Work (used by Bitcoin and Ethereum) and Proof-of-Stake (used by many other blockchains)
Proof of work and proof of stake are the two most popular transaction validation methods on blockchains. Both have compelling arguments as to why they are more efficient, cheaper, more scalable or more secure, so let’s tackle what makes each different and why it matters.
Since the recent launch of Ethereum's new network called proof of stake, there have been multiple questions on how it differentiates from the already existing proof of work mining network and how it will affect people that buy Ethereum. It has become a major concern among investors, traders, cryptocurrency enthusiasts, and those who buy Ethereum.
For advocates of the widescale adoption of cryptocurrency, there is one major challenge that stands in the way of their dream coming true. Namely, the fact that mining cryptocurrencies require exorbitant — and seemingly wasteful — amounts of energy.
A Founder interview with Cheng Wang, founder of Alephium and creator of Proof-of-Less-Work, an alternative third road in the world of blockchain staking
In this article, we look at the two most popular consensus mechanisms - PoW and PoS - and show why PoW stands out in terms of transaction finality.
A 51% attack is where an actor controlled over half of the mining power in order to reverse transactions and compromise the security of the network.
Halving is an event when the amount of payment for cryptocurrency mining is halved compared to what it was before.
Proof of Work (commonly abbreviated to PoW) is a consensus algorithm used for preventing the 51% attack or double-spends.
The second episode of this series describes the Proof of Work algorithm.
After reading this article, you should have a basic understanding of the PoW algorithm.
Cryptocurrencies are prone to many different types of attack. As Bitcoin is over 11 years on the track, we know and were facing many different attempts on breaking its security. One of them is network partition attack.
But what about the Proof-of-Stake algorithms? Have they solved some of the vulnerabilities of Bitcoin and its Proof-of-Work algorithm?
Learn the basics of PoW Blockchain and create your own Coin
Recent years have sparked significant interest in blockchain networks. This has resulted in significant progress in the theory of such distributed networks. In particular, followers gathered more data about possible blockchain designs, their limitations, and their trade-offs. There's called The trade-off between security and coin creation
PoW NFTs are still under the radar and this article will guide you through learning about PoW NFTs and understanding the values.
