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Blockchain Applied  •  
February 19-20, 2019

# proof of work News

January 23, 2019 by at Bitcoin, Blockchain, News, Tech
The Bank for International Settlements has suggested that the Bitcoin Network discontinue using Proof-of-Work (PoW) because it is expensive and once block rewards from mining bitcoin decrease, the network will slow down, this according to a BIS report published January 21, 2019. There has always been speculation about the future...
Ethereum co-founder Vitalik Buterin lanced a “tweet storm” on December 10, 2018, and briefly noted the non-financial applications of blockchain technology, such as academic degree verification and determining the “integrity of processes.” Alternative Use Cases The extended bear market in 2018 has given cryptocurrency critics and believers alike a chance...
June 11, 2018 by at Business, Mining, News, Tech
Application Specific Integrated Chip (ASIC) manufacturer Obelisk has announced their ambitious plan to turn the ASIC-dominated crypto mining industry on its head with the release of the “Obelisk Launchpad,” a new community-focused service. Cryptosphere Is Sick of ASICs The release of Launchpad comes at a time when most significant cryptocurrencies...
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...
April 2018 marked a significant milestone in the history of Bitcoin (BTC) - its 17th million block was mined, out of a total of 21 million. However, with the benchmark taking only nine years to reach, the community fancies a related question: What happens after all 21 million blocks have...
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