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Posts published in “POW”

Ethereum Devs Once Again Approve ASIC-Resistant Algorithm ProgPoW

Ethereum core developers once again discussed the proposed ASIC-resistant PoW algorithm ProgPoW, reaching an overall consensus on its implementation. Ethereum (ETH) core devs once again discussed the proposed Application Specific Integrated Circuit (ASIC)-resistant Proof of Work (PoW) algorithm ProgPoW during their weekly meeting on March…

Expert: Renewable Energy Not Enough for Bitcoin’s Sustainability Problem

A PwC blockchain expert states that renewable energy is insufficient in addressing Bitcoin’s massive energy consumption. Renewable energy will not solve Bitcoin’s (BTC) sustainability problem according to a blockchain specialist at Big Four auditing company PwC, Alex de Vries. De Vries presented his argument in…

Ripple CTO Bashes PoW, Claims Bitcoin (BTC) Isn’t Safe

Ripple CTO: XRP > Bitcoin In Attack Prevention For those longest time, a battle has raged between proponents of the XRP Ledger and the Bitcoin blockchain. The latter group scored a win recently, as the co-host of the Unhashed Podcast, Ruben Somsen, drew attention to…

More Than 30% of BTC Traffic Stems from the Veriblock Project

Over the last few weeks, a blockchain project called Veriblock whose protocol piggybacks off the Bitcoin Core (BTC) network has sparked debate. More than a quarter of BTC’s transaction numbers stem from the Veriblock system and the project has been criticized for using the blockchain in…

Ethereum Daily Mining Rewards Аre at Lowest Level Ever Reported

New Ethereum (ETH) is being generated through mining is at its lowest rate ever. New Ethereum (ETH) being generated through mining is at its lowest rate ever, Etherscan data reveals on Feb. 11. According to Etherscan, on Feb. 10, 13,370 new ETH have been created,…

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the…

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of…

ASIC-Resistant PoW Algorithm Decision Delayed: Ethereum Developers

The Ethereum (ETH) core developers announced they have delayed the decision to implement the ASIC (Application-Specific Integrated Circuit) resistant proof-of-work algorithm until the algorithm is audited by a third party. We are about to find out more why in our latest Ethereum news today. ETH…

Ethereum Devs Delay ASIC-Resistant PoW Algorithm Decision Until Third-Party Audit

Ethereum core developers have decided to delay their decision regarding the implementation of ASIC-resistant protocol, ProgPoW. Ethereum (ETH) core developers have delayed the decision to implement Application-Specific Integrated Circuit (ASIC)-resistant proof-of-work (PoW) algorithm ProgPoW. According to an Ethereum core developer meeting on Feb. 1, the…