Tag: PoW

2019 could set in motion the recovery phase for the smart contracts platform Ethereum, as it looks to undergo its highly-anticipated Constantinople hard fork on January 16, 2019. The fork will occur at block height 7,080,000. 2018 Rewind Ether (ETH), the cryptocurrency that powers the smart contracts development platform Ethereum had quite an eventful 2018. The digital token established its ATH value…

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In mid-may 2018, a group of developers identifying themselves only as Team Rocket published a whitepaper called “Snowflake to Avalanche: A Novel Metastable Consensus Protocol Family for Cryptocurrencies.” This article will explain how the protocol works and its potential implications for the cryptocurrency sector. An Anonymous Release The Snowflake to Avalanche white paper was released anonymously through the popular distributed…

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While most cryptocurrency projects promise to better the world, Perlin appears to be one step closer to making this a reality. Perlin’s mission to create a decentralized cloud computing marketplace may not only democratize supercomputing but could also provide an additional form of financial aid to anyone. Perlin Challenges the Big Four Providers While “killing two birds with one stone,”…

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It’s hard to believe that in a remote town in rural Texas is transforming itself from the dirty coal mines of the 19th and 20th century to the clean digital mines of the 21st century. Bitmain is investing heavily into the town of Rockdale, Texas creating more than 300 jobs to manage the cryptocurrency mining operations. This more than offsets…

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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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Consensus algorithms upon which blockchains run are the fundamental determinants of their governance systems and the extent of decentralization effective within their networks. Right from the very first blockchain that was created, the overall intention of Satoshi Nakamoto was to establish a network where every participant will reserve some power and influence over the important processes involved in maintaining the…

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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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