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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: hardfork

Sia Plays Hardball with a Hardfork

Category: Altcoins, Blockchain, Commentary, Mining, News

Sia Plays Hardball with a Hardfork

On October 1, 2018, Sia Tech, took the controversial step of resetting the Sia Proof-of-Work (PoW) function to brick the Bitmain and Innosilicon hardware which came online to mine the native cryptocurrency of Sia. This means gains for Obelisk miners and great divisions for the Sia community. Fighting with Forks This controversial decision came after significant challenges when approaching the…

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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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