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Search Results for: Proof of stake

Proof of Stake Altcoins You Can Profit From Without a Mining Rig

Category: Altcoins, Blockchain, Finance, News, Tech

Proof of Stake Altcoins You Can Profit From Without a Mining Rig

Most cryptocurrencies usually validate transactions over their network with the help of miners, employing what is known as the Proof of Work (PoW) system.  A rival concept, however, named proof of stake, may finally change all of that and transfer the power of decentralization from miners to actual users of the cryptocurrency. Coins that are mined using PoW are termed…

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Vitalik Buterin Confirms Ethereum’s Proof of Stake 75 Percent Complete

Category: Blockchain, Ethereum, News, Tech

Vitalik Buterin Confirms Ethereum’s Proof of Stake 75 Percent Complete

At the Taipei Ethereum Meetup, Vitalik Buterin, one of the co-founders and lead developers of Ethereum, revealed that the development of a proof of stake protocol for the Ethereum network is 75 percent complete. Prior to the announcement of Buterin, in a recent interview, Ethereum Foundation member and Ethereum co-founder Hudson Jameson released the foundation’s official roadmap for Ethereum development…

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Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

Category: Bitcoin, Commentary, Ethereum, News, Tech

Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

From December 4, the bitcoin price was $749.99 and increased to a high of $1120.51 on January 6, settling around $880 at the time of writing. This continuous increase of the price of ‘digital gold’ has been attracting people around the globe to mine Bitcoin. Since mining provides an opportunity for people to create income, they are incentivized to facilitate…

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Binance Coin, Stakecoin, and BlakeStar: The Top Performing Cryptocurrencies of March 2018

Category: Altcoins, Finance, News

Binance Coin, Stakecoin, and BlakeStar: The Top Performing Cryptocurrencies of March 2018

March 2018 continued to see the crypto markets correct. Even with a further correction and continued bearish trends in the crypto markets a few altcoins actually bucked the trend and saw positive returns in March; these coins included Binance Token, Stakecoin, and BlakeStar. State of the Market The beginning of March saw bitcoin (BTC) approach the $11,000 mark on March…

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Cobra Writes an Open Letter Suggesting Bitcoin’s Proof-of-Work Algorithm be Changed

Category: Bitcoin, Commentary, News, Tech

Cobra Writes an Open Letter Suggesting Bitcoin’s Proof-of-Work Algorithm be Changed

Cobra, who is the co-owner of bitcoin.org and bitcointalk.org, two of the world’s most vibrant bitcoin communities, has written an open letter to the entire Bitcoin ecosystem. The Letter claims that the current proof-of-work algorithm of Bitcoin, originally created by Satoshi Nakamoto, needs to be changed because it is a disaster waiting to occur. It’s Been a Long Time Coming…

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Cryptocurrency BitBay Announces Website Re-Launch; Fork to Increase Stake Rewards from 0.1 to 1 Percent

Category: Press Releases

Cryptocurrency BitBay Announces Website Re-Launch; Fork to Increase Stake Rewards from 0.1 to 1 Percent

This season is bustling with activity from BitBay, a proof of stake cryptocurrency with the most advanced, decentralized marketplace application in the industry, as they roll out new features and upgrades to their blockchain technology. Today, BitBay announces the re-launch of their website on November 20. This website will create an ‘online’ portal for BitBay’s decentralized marketplace, main communication hub…

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PIVX Will Soon Implement Zero-Knowledge Proofs

Category: Altcoins, News, Tech

PIVX Will Soon Implement Zero-Knowledge Proofs

To augment their privacy offering, PIVX announced on May 25 that the community will work toward the implementation of Zero-Knowledge Proofs, allowing users to mint and spend coins with no transaction history. At present, PIVX users’ privacy is enforced via wallet coin mixing, using an advanced version of CoinJoin, facilitated by a decentralized network of masternodes. However, this is not…

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Irish Funds Collaborates with Deloitte To Complete Proof of Concept for ‘RegTech’ Blockchain

Category: Blockchain, News, Regulation, Tech

Irish Funds Collaborates with Deloitte To Complete Proof of Concept for ‘RegTech’ Blockchain

Fund management association Irish Funds announced that, together with financial services consultancy firm Deloitte and several global asset servicing institutions including Deutsche Bank, Metzler, State Street, and Northern Trust, it had completed a proof of concept for a regulatory reporting blockchain called ‘RegChain.’ The proof of concept was built using the Ethereum blockchain and IPFS (InterPlanetary File System) and tested…

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Bitcoin’s been Forked 44 Times Since Bitcoin Cash: We Explore the Ten Strangest Forks

Category: Altcoins, Bitcoin, News

Bitcoin’s been Forked 44 Times Since Bitcoin Cash: We Explore the Ten Strangest Forks

BitMEX Research, the analytical wing of one of the leading margin trading exchange BitMEX, reported that 44 Bitcoin forks have emerged following the Bitcoin/Bitcoin Cash split. Here we explore the ten strangest Bitcoin forks. Source: BitMEX Research Bitcoin Pizza (BPA) Bitcoin Pizza (BPA) incorporates DAG (Directed Acyclic Graph) technology used by IOTA with a short 120 second block time for…

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Placeholder VC Puts Money on Decred to Rival Bitcoin

Category: Altcoins, Blockchain, Finance, News, Tech

Placeholder VC Puts Money on Decred to Rival Bitcoin

Digital currency investment capital firm Placeholder VC has invested in Decred, a digital currency that works on the hybrid of proof of work and proof of stake consensus. Chris Burniske, who was the author of cryptocurrency valuation book ‘Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond’ is a partner at Placeholder VC. Although the investment firm did not reveal…

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