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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: proof of work

New Anonymous Cryptocurrency INTCoin to Launch in June

Category: Altcoins, News

New Anonymous Cryptocurrency INTCoin to Launch in June

New blockchain project INTCoin has announced its launch for the beginning of June and is currently undergoing a presale for its cryptocurrency targeted at early adopters. INTCoin leverages the blockchain’s capabilities to create a digital currency with instant transactions and minimum fees. The INTCoin project has developed a decentralized global cryptocurrency that provides secure low-cost instant financial transactions with complete…

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BitTorrent Founder’s Ambitious Plans to Supplant Bitcoin

Category: Altcoins, News, Tech

BitTorrent Founder’s Ambitious Plans to Supplant Bitcoin

Bitcoin at its core is a decentralized currency, relying on a peer-to-peer system popularized through file-sharing programs, such as BitTorrent. It is only fitting that this has come back full circle, with Bram Cohen, the founder of BitTorrent announcing his intention to work on a new cryptocurrency. Announced in an interview on “Steal This Show” podcast, Cohen states that he…

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A Chat With Qtum Team Leader, Patrick Dai

Category: Altcoins, Blockchain, Interviews, News

A Chat With Qtum Team Leader, Patrick Dai

Qtum is a new project which can be described as a hybrid of Bitcoin and Ethereum with a focus on mobile and business applications. Qtum puts the Ethereum Virtual Machine (EVM) on top of the Bitcoin UTXO model and joins the two with something called an Account Abstraction Layer. This enables execution of smart contracts and decentralized applications, comparable to…

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Vitalik Buterin Confirms Ethereum’s Proof of Stake 75 Percent Complete

Category: Blockchain, Ethereum, News, Tech

Vitalik Buterin Confirms Ethereum’s Proof of Stake 75 Percent Complete

At the Taipei Ethereum Meetup, Vitalik Buterin, one of the co-founders and lead developers of Ethereum, revealed that the development of a proof of stake protocol for the Ethereum network is 75 percent complete. Prior to the announcement of Buterin, in a recent interview, Ethereum Foundation member and Ethereum co-founder Hudson Jameson released the foundation’s official roadmap for Ethereum development…

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As Ethereum ‘Ice Age’ Approaches Community Votes on Mining Reward Cut

Category: Blockchain, Ethereum, News

As Ethereum ‘Ice Age’ Approaches Community Votes on Mining Reward Cut

The Ethereum blockchain currently uses a Proof-of-Work consensus mechanism to verify transactions and to produce new ether coins. That means that ether miners require large amounts of computational power to process and verify transactions to receive new coins. Running a blockchain using a Proof-of-Work consensus mechanism, however, creates the problem of scalability as can currently be witnessed by the Bitcoin…

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Bitcoin Hard Fork: What is the Chance of Survival for the Weak Chain?

Category: Bitcoin, Blockchain, News, Tech

Bitcoin Hard Fork: What is the Chance of Survival for the Weak Chain?

One chain or two chains? The Bitcoin community fears that the Bitcoin blockchain will split into two persisting chains when Bitcoin Unlimited miners initiate a hard fork, even if it is done with a majority of the hash rate. But is this true? How can the majority chain attack – and how can the minority chain resist? The past days…

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Welcome to the World of Blockchain Consensus Protocols

Category: Blockchain, News, Tech

Welcome to the World of Blockchain Consensus Protocols

For cryptocurrency transactions to be conducted successfully, they need to be confirmed by the blockchain. These confirmations are based on what are referred to as consensus mechanisms.  According to KPMG: “In distributed ledgers, a consensus mechanism is the way in which a majority, (or, in some mechanisms, all) of network members agree on the value of a piece of data…

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Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

Category: Bitcoin, Commentary, Ethereum, News, Tech

Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

From December 4, the bitcoin price was $749.99 and increased to a high of $1120.51 on January 6, settling around $880 at the time of writing. This continuous increase of the price of ‘digital gold’ has been attracting people around the globe to mine Bitcoin. Since mining provides an opportunity for people to create income, they are incentivized to facilitate…

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