What is an OpenChain blockchain
The need for blockchains seems to be increasing and the demand for different blockchains is expected to witness an upward trend. It is believed that using...
Tagged: Proof of work
Bitcoin and other cryptocurrencies should follow Ethereum’s lead to be more sustainable: Expert
It’s no secret that cryptocurrency have an expensive and persistent problem. As attractive as the benefits may be, the extravagant way enthusiasts assemble their arsenal of...
Proof-of-Work is important to Bitcoin – Bitcoin Magazine
This is an opinion editorial by Pierre Gildenhuys, co-founder of a Hong Kong-based social environment technology startup. Proof-of-work is the consensus mechanism that the Bitcoin protocol...
Five trends that will push blockchain adoption past 1 billion users
Editor’s Note: With so much market volatility, stay tuned for daily news! Get caught up in minutes with our quick summary of today’s must-read news and...
Nothing is cheaper than Proof-of-Work Consensus – Bitcoin Magazine
This is a transcribed excerpt of the “Bitcoin Magazine Podcast”, hosted by P and Q. In this episode, they are joined by Paul Sztorc to explain...
Proof Of Stake Security Budget Failure – Bitcoin Magazine
This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transferring...
Crypto cost: Report says US Bitcoin is as dirty as six million cars
Bitcoin mining involves a network of energy-intensive computers that verify Bitcoin transactions, competing with each other for new coins Bitcoin mining involves a network of energy-intensive...
White House Condemns Energy Use of Bitcoin Mining – Bitcoin Magazine
Pursuant to President Biden’s executive order, the White House Office of Science and Technology released its report on bitcoin mining’s climate impact. The report refers to...
Beyond the Hype, What Does Blockchain’s “Proof of Work” to “Proof of Stake” Shift Mean?
Starting on September 6, Ethereum will be fundamentally transformed. The blockchain will fully transition from its current energy-guzzling Proof-of-Work (PoW) state to the 99.95% more energy-efficient...
Bitcoin’s Incentives Are Perfect – Bitcoin Magazine
This is a transcribed excerpt of the “Bitcoin Magazine Podcast”, hosted by P and Q. In this episode they are joined by Tomer Strolight and Nico...