Tag: proof-of-work

May 21 2022

ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth

Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and security, cross-chain interoperability, proof-of-stake security, issuance rate, on-chain governance, and reducing the protocol’s complexity. The rationale behind exploring ZCash’s possible switch to a PoS is to drive the sustainable growth of ZEC. It...

Apr 30 2022

Ethereum Devs. Decide Not to Delay ETH’s Difficulty Bomb, Merge Could Still Happen this Summer

Summary: Ethereum's developers have decided not to delay the pending difficulty bomb, as the Merge of its mainnet to the Beacon chain could still happen this summer If all goes according to plan, Ethereum developers could be ready to fork testnets in 2 weeks, removing the need for a hardfork to delay the difficulty bomb According to senior Ethereum developer Tim Beiko, the...

Apr 13 2022

Ethereum’s Merge Won’t Happen in June, But Devs are in the Final Chapter of PoW

Quick take: Ethereum core developer Tim Beiko has confirmed that the Ethereum merge will not happen in June as anticipated Tim Beiko believes it will come 'in the few months after' June However, Ethereum developers are in the final chapter of transitioning the network from proof-of-work to proof-of-stake Approximately 11.4 million ETH has been deposited to the ETH 2.0 deposit contract The highly...

Apr 12 2022

Ethereum’s Shadow Fork Test Successful Ahead of Proof of Stake Upgrade (The Merge)

Ethereum tests on shadow fork prove successful ahead of the much-anticipated upgrade to a proof of stake blockchain network

Mar 16 2022

Ethereum Merge Proves Successful on Kiln Testnet

Ethereum 2.0 is closer than ever as the blockchain finalizes efforts to transition into a proof of stake decentralized network.

Mar 14 2022

EU Committee Rejects Proposal to Ban PoW Networks Such as Bitcoin

Quick take: The EU's ECON committee has voted against a proposal to ban proof- of-work crypto networks in the region 32 members of the committee voted against the proposal with 24 in favor The proposal was meant to target proof- of-work networks such as Bitcoin's that did not meet environmental sustainability standards Crypto mining will most likely be added to the EU sustainable finance taxonomy...

Feb 25 2022

Dec 10 2021

Oct 31 2021

Jun 10 2021

Dec 16 2020

What Is Proof-of-Work?

Dec 16 2020 Published at CoinDesk under tags  bitcoin cryptocurrency ethereum explainers learn

Proof-of-work is the blockchain-based algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum.

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