Tag: proof of stake

September 2022 marked the arrival of the Ethereum merge, the long-awaited upgrade of the Ethereum (ETH) network from proof-of-work to a...

The Polygon team has announced plans for an upcoming mainnet hard fork that aims to improve the performance of the Proof-of-Stake (PoS) blockchain.

In the economic world, some people pursue high-risk assets because they also give high returns. They also manage to combine those risky assets with secure ones, to reduce their risk. Conventionally, investors used to have saving accounts that gave them interests. In today’s financial world, developed countries’ interest rates average approximately 2% per year. You can ignore considering investing in risky countries that...

Bitcoin’s consensus mechanism ensures that work needs to be done in order for transactions to confirm and secures bitcoin in the fairest manner.This is an opinion editorial by Pierre Gildenhuys, the co-founder of a Hong Kong-based social environment tech startup.Proof-of-work is the consensus mechanism that the Bitcoin protocol uses. On a fundamental level, this means that work has to be done...

You must have heard about NFTs being sold for millions online. Beeple's Everyday was sold for $69 Million while NFT collection was sold for whooping $91 Million. While these insane NFT prices are exception, NFTs...

In a crypto market that is witnessing almost nothing but unfavorable headlines in 2022, many people or investors are wondering how to make money from cryptocurrencies in the coming months. An excellent method to accomplish this is via staking. On the world's largest crypto exchange, Binance, staking cryptocurrencies has long been straightforward and safe. This article is all about...

What is Cardano? Cardano (ADA) is a blockchain network depicted by a blend of scalability, security, and decentralization. Cardano is viewed as one of the most technically grown blockchains on the market. Above all, the scientific procedure for the additional development of the blockchain assures that the network has amazing growth potential. Cardano’s network token is named ADA. Cardano is viewed as one of...

All roads lead to proof-of-work because it is the most efficient and fairest way to come to consensus, without having a rich-get-richer problem.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 break down why all roads lead to proof-of-work and how proof-of-stake protocols are fooling themselves...

Proof-of-work (PoW) and proof-of-stake are different systems used in validating cryptocurrency transactions. In this article, we will delve deep into these two concepts and understand their differences, similarities, and applications. The concepts of proof-of-work and proof-of-stake are essential in understanding financial regulations and security activities in the blockchain. To validate transactions, all decentralized blockchains, such […] The post...

The proof-of-work mechanism in Bitcoin provides security which Ethereum has sacrificed for short-term narrative benefits.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 transitioning to the Finance Corps.Ethereum founder Vitalik Buterin recently voiced...

A technical and in-depth analysis of the trade-offs that Ethereum’s consensus mechanism makes in its switch to proof-of-stake and how proof-of-work differs.This is an opinion editorial by Scott Sullivan.Normally Bitcoiners don’t care too much about what goes on in Shitcoin-land, but now that Ethereum has merged to proof-of-stake (PoS),...

Ethereum Cofounder Vitalik Buterin feels that other blockchains, such as Dogecoin and Zcash should be following the same strategy now that the Ethereum merge has been completed. Ryan Selkis asked Buterin at the 2022 Messari Mainnet if all networks should shift to proof-of-stake (PoS) method. Buterin responded affirmatively. Zooko Wilcox-O'Hearn, the founder of Zcash, was also in attendance. Vitalik stated via video chat...

Pat Toomey, U.S. Senator for Pennsylvania, talks about legislation in the crypto industry, how to determine if something is a security, the future of CBDCs, and much more. Show highlights: the structural differences between crypto tokens and securities why Sen. Toomey is demanding crypto legislation why “regulation by enforcement” does not provide clarity how to determine if a token...

Enriching people for low-energy services won’t save the environment, only proof of work builds a sustainable future.This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and energy.The notion that Ethereum’s recent “Merge,” from proof of work to proof of stake, reduces energy consumption...

Proof-of-work is the innovation that drives energy innovation. Proof-of-stake ensures the richest among us will continue their control over others.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 transitioning to the Finance Corps.As Ethereum completes its transition to proof-of-stake consensus, I can’t help...

Dogecoin is making some noise now. When the Ethereum Merge finally concluded on September 15th, investors didn't see the massive market shift they were anticipating. However, one significant outcome of this event was that meme- inspired cryptocurrency Dogecoin has now become the second-largest Proof-of- Work (PoW) consensus-based network, trailing only the Bitcoin network in terms of market value. According to ETHPoW's official Twitter...

Not that anyone is asking, but Coin Center inserted itself into the debate at hand. Is the Post-Merge Ethereum a security now? Moving from Proof-Of-Work to Proof-Of-Stake without pausing operation was quite a feat, but it came with a cost. Many things are completely different at this stage, and those new characteristics might put Ethereum in the regulator’s field of vision. Is staking...

For better or worse, we live in a post-Merge world. Ethereum is finally a Proof-Of-Stake blockchain. The switch is among the most important and divisive news of the year. The Ethereum side sees it as a technological wonder and the bitcoin side as a great mistake. For the first time since we started the Crypto Reacts feature, both camps are at totally opposite...

Minutes after Ethereum concluded its long-awaited merge to proof of stake, ETHPoW—the network’s competitor which planned to maintain proof of work on a forked interpretation of Ethereum—took its mainnet live Thursday afternoon. This article is a complete guide on how to add ETHW to MetaMask Wallet. Let's take a look at it in more detail. What is EthereumPoW?...

In addition to a $1 million ad budget, climate groups want to influence institutions such as Fidelity and BlackRock to push Bitcoin to switch from PoW to PoS.Greenpeace and the Environmental Working Group have launched a $1 million smear campaign against Bitcoin following Ethereum's Merge to PoS. The campaign has a petition urging Fidelity, BlackRock and others to move Bitcoin away from...