Bitcoin May Switch to an Alternative Proof-of-work Algorithm in the Future
It is evident major changes will come to the bitcoin ecosystem as we know it today. No one knows for sure what the future may bring, and different contingency …
Tag: Proof-of-Work
Proof of Stake vs Proof of Work vs Proof of Burn
March 14, 2017
Comparison, Reviews
Many different technologies exist within the world of bitcoin and cryptocurrency. Proof of work is by far the most commonly used protocol, which allows users to generate new coins …
Casper May Cause Centralized Staking By Rich Ethereum Holders
The Ethereum developers have unveiled some more details regarding the Casper release. As part of this release, Ethereum will also transition from proof-of-work to proof-of-take. Securing the network at …
What is Bitcoin Mining?
Grasping the entire concept of Bitcoin in one go is all but impossible for anyone. Even the people who have been involved in Bitcoin for several years will still …
Bitcoin Node Owners Do Not Need Incentives
February 8, 2016
News
The Bitcoin network is only as strong as the number of miners and nodes supporting the protocol. At this time, there is no shortage of mining power pointed at …