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Tag: PoW
PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems
Category: Bitcoin, Blockchain, Development, Mining, News, Tech
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…
The Blockchain Protocol That Puts the Technology back on Track
Category: Altcoins, Blockchain, Mining, News, Tech
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…
Placeholder VC Puts Money on Decred to Rival Bitcoin
Category: Altcoins, Blockchain, Finance, News, Tech
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…
