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Tag: centralization

Vitalik Buterin’s Seven Deadly Crypto Sins: Centralized Proof of Stake

Category: Altcoins, Bitcoin, Blockchain, Business, Cryptocyclopedia, Ethereum

Vitalik Buterin’s Seven Deadly Crypto Sins: Centralized Proof of Stake

In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum. These seven questions are some of the most relevant features of this booming ecosystem. From centralization, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat group called…

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Vitalik Buterin’s Seven Deadly Crypto Sins: Bitmain and 51% Attacks

Category: Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Ethereum, Mining

Vitalik Buterin’s Seven Deadly Crypto Sins: Bitmain and 51% Attacks

In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum. These seven questions are some of the most relevant features of this booming ecosystem. From mining, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat group called…

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PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems

Category: Bitcoin, Blockchain, Development, Mining, News, Tech

PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems

With bitcoin becoming more competitive, a new organization looks to bring decentralization back to mining by renovating the Proof of Work (PoW) consensus algorithm that some miners have come to love. The premise, in short, hopes to replace energy costs with manufacturing costs. Miner Profitability and Environmental Concerns PoWx is the foundation behind a new algorithm called OPoW, or Optical…

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Andreas Antonopoulos Speaks about Bitcoin Mining, Scaling, and The Future of Cryptocurrencies

Category: Bitcoin, Blockchain, Commentary, Mining, News, Tech

Andreas Antonopoulos Speaks about Bitcoin Mining, Scaling, and The Future of Cryptocurrencies

Bitcoin advocate and writer Andreas Antonopoulos addressed a gathering of listeners on June 2, 2018, to answer questions on the cryptocurrency industry. He has most notably authored several books explaining blockchain technology and cryptocurrency as well as offering his expertise on the podcast Let’s Talk Bitcoin. Centralization in Mining For the uninitiated, many digital currencies are based on the Proof…

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Mining Conglomerates Turn to Ethereum in Search of Better Profits and Network Control

Category: Altcoins, Business, Ethereum, Finance, News

Mining Conglomerates Turn to Ethereum in Search of Better Profits and Network Control

Built on the ethos of a completely decentralized network, Bitcoin’s protocol is unfortunately maintained by profit-driven mining entities like Bitmain, that place greater interest in their own benefit rather than the technology’s. Now, the mining giant is looking to achieve greater mining control in other coin protocols as well, such as Ethereum. Centralization vs. Profits: Ethereum and Bitmain While Bitcoin…

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