Tag: proof of work

Sep 29 2022

The Security Budget Flaw That Proof-Of-Stake Introduces

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...

Sep 26 2022

A Bitcoiner’s Guide To Proof-Of-Stake

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),...

Sep 25 2022

Ethereum Co-founder Vitalik Buterin Expects Dogecoin, Zcash To Switch To 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...

Sep 21 2022

The Environmental Myth Of Proof Of Stake

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...

Sep 18 2022

How The Incentives Of Proof-Of-Work Are More Fair Than Proof-Of-Stake

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...

Sep 17 2022

Dogecoin Grabs Spot As 2nd Biggest PoW Crypto Following Ethereum Merge

Sep 17 2022 Published at Bitcoinist.com under tags  bitcoin btcusd crypto crypto news dogecoin

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...

Coin Center Chips In: Is A Proof-Of-Stake Ethereum Suddenly A Security?

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...

Sep 16 2022

Spoils Of The Merge: Bitcoin Proof Of Work Dominance Rises To 94%

With the Ethereum Merge successfully completed, bitcoin has seen its biggest proof of work competitor network eliminated. While the pioneer digital asset had maintained the largest share of the proof of work networks prior to the Ethereum Merge, it is now in almost complete control of all the market cap of these coins. So while the crypto market celebrates Ethereum’s latest upgrade, it...

Crypto Reacts: Was The Ethereum Merge a Success Or A Mess?

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...

Sep 15 2022

What Is Fork Chain EthereumFair (ETF): All You Need To Know About It

Sep 15 2022 Published at Coingape under tags  ethereum news proof of work

After Ethereum's successful completion of its hard fork upgrade The Merge, it is now time to look at the forked tokens. Crypto exchange Poloniex, which was quite active in supporting the possibility of forked tokens after the upgrade, came up with an announcement. The exchange said it decided to choose... Read more

Greenpeace Intensifies Campaign Against Bitcoin Following Ethereum's Merge

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...

BREAKING: Ethereum Transitions to Proof-of-Stake After Succesful Merge

earlier today, at 06:42:42 UTC, to be exact, the Ethereum mainnet successfully merged with the Proof-of-Stake (PoS) Beacon Chain, marking arguably the biggest upgrade in crypto history. Starting today and going forward, Ethereum will use the PoS algorithm to reach a consensus about the state of the decentralized ledger.

Sep 13 2022

The Ethereum Merge Can Change Corporate Perceptions

As the Ethereum Merge draws nearer, there is an inevitable build-up of hype and excitement, with a sprinkling of fear and doubt, not to mention some confusion and misconceptions.

What Will Happen during the Merge?

At the time of the Merge, which is estimated to occur on September 15th, Ethereum will transition from a proof-of-work blockchain to a proof-of-stake blockchain.

It’s referred to as a...

How Traders Are Thinking About the Merge — and a Potential ETHPoW Chain – Ep. 395

Kevin Zhou, co-founder of Galois Capital, and Evgeny Gaevoy, founder and CEO of Wintermute, discuss how to trade the Ethereum Proof of Work fork, what the market is telling about the Merge, and whether the Merge affects Bitcoin. Show highlights: what will happen at the time of the Merge according to Kevin and whether there’s uncertainty when the ETH Proof of Work chain...

Sep 12 2022

Google Users Can Now Follow Ethereum Merge Countdown Directly From Search Results Page

US search giant Google has rolled out a feature that lets users track the hours and minutes from the Merge, a highly anticipated crypto update that will see Ethereum transition from being a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.

Ethereum Proof-of-Stake Merge Countdown! What is Ethereum Merge? : The Ultimate Guide

After many assumptions, the Ethereum Merge countdown has finally started. The stakes of the reality of the merge were not even near for most doubters, but the latest outcomes pushed the new improvements in Ethereum’s development. In this article, we’re going to talk about what is the Ethereum Proof-of-Stake Merge, the countdown, and other necessary details. What is The Ethereum...

Sep 08 2022

White House Suggests Banning Proof-of-Work Mining Used By Bitcoin

The report discusses bitcoin’s energy use and its negative effects on the environment while suggesting possible executive action in the future.Per President Biden’s executive order, the White House Office of Science and Technology submitted its report on bitcoin mining’s climate impact.The report...

Sep 06 2022

Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH – Ep. 393

Arthur Hayes, cofounder of BitMex, discusses how he’s trading the Merge, the impact of macroeconomic policy in the markets, his career as a writer, and much more. Show highlights: how crypto is reconfiguring how humans do finance over the internet why Arthur initially thought Ethereum was worthless how NFTs allow users to trade human culture and will unlock trillions of dollars of value...

Sep 01 2022

Which is Better: Proof of Work or Proof of Stake (PoW vs PoS)?

In the crypto community, there is a widespread debate about which consensus mechanism is better: PoW or PoS. This raises important issues such as network security, sustainability, and decentralization. In fact, both mechanisms have flaws. Before deciding which is best for a certain blockchain network, it is crucial to comprehend the trade-offs between each. In this article, we take a closer look at...

Aug 30 2022

Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? – Ep. 390

Andrew Hinkes, partner at K&L Gates and adjunct professor at NYU, and Martin Koeppelman, cofounder of Gnosis, talk about the sanctions on Tornado Cash, how they will impact Ethereum on the base layer, and the likelihood of having two chains. Show highlights: the legal meaning of the OFAC sanctions on Tornado Cash and why it is causing complications how legislation is built for...

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