Tag: Proof of Work

A New Bitcoin World

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

Ripple's Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work's Energy ConsumptionRipple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while […]


April 25, 2021 0

Hash Wars: BCH Community Evaluates Six Days of Battle

Hash Wars: BCH Community Evaluates Six Days of BattleThe Bitcoin Cash (BCH) blockchain split on Nov. 15 and the community are still discussing the subject at great length. Since the chain splintered into two separate networks, additional trading platforms like Coinbase and Bitstamp have re-established BCH markets by choosing to list the ABC chain with the exchange ticker “BCH.” Also Read: Indian Government Expects […]

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November 22, 2018 0

Hash Wars: BCH Proponents Confident a Resolution Is in Sight

Hash Wars: BCH Proponents Confident an End to the Conflict Is on the HorizonOn Saturday, Nov. 17, the Bitcoin Cash (BCH) community entered the third day of its hash war, with many supporters growing confident that a resolution may be in sight. Close to 300 blocks have been mined on the Bitcoin ABC side of the chain using the new consensus ruleset, which has also given the network […]

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November 17, 2018 0

Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money

Ten Years Ago The White Paper Changed the Way We Look at MoneyOn Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of […]

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October 31, 2018 0

Verge Struck by Second PoW Attack in as Many Months

Verge Struck By Second PoW Attack in as Many MonthsAccident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]

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May 23, 2018 0

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 2

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 2The following opinion piece was written by Jonald Fyookball. In part 1 of this series, I highlighted the importance of education. A community that is educated will be less influenced by propaganda. The second principle is that of clarity. The community needs to be “on the same page”. There is never going to be a perfect alignment […]

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May 4, 2018 0

80 Percent of the Total Bitcoin Supply Have Now Been Mined

80 Percent of the Total Bitcoin Supply Have Been MinedThis weekend marks a milestone for bitcoin as 80 percent of the currency has now been mined into circulation, this means there’s only 20 percent left to mine. Satoshi Nakamoto’s protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain. Also read: How to […]

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January 15, 2018 0

Ludicrous Headlines About Bitcoin Mining Will Kill Us All

Ludicrous Headlines About Bitcoin Mining Will Kill Us AllTo proponents, the words “bitcoin mining” are synonymous with security, value, and financial freedom. To exponents, those same words evoke images of burning tyres, oil slicks, and crying kittens. To say that bitcoin mining evokes strong feelings is like saying Charles Manson was “a bit naughty”. While the amount of energy bitcoin mining uses is […]

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December 10, 2017 0

Satoshi Nakamoto’s Brilliant White Paper Turns 9-Years Old

Satoshi Nakamoto's Brilliant White Paper Turns 9-Years OldBitcoin has had a phenomenal year in 2017 surpassing many expectations as the decentralized currency now commands a whopping $100B market capitalization. This Halloween marks another milestone as nine years ago today the anonymous creator of the ‘Internet of Money,’ Satoshi Nakamoto, released the Bitcoin white paper. Also Read: Bitcoin Prices Skyrocket to $7200 on Zimbabwean […]

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October 31, 2017 0