Tag Archives: PoW

[ad_1] Peercoin has also been referred to as the Peer to Peer (PPC) currency. During its launch, it captured the attention of cryptocurrency enthusiasts. Although many others have been bifurcated by Bitcoin, they tried not to inherit all the shortcomings of Bitcoins that included only reliance on a Proof of …

[ad_1] Ripple Labs has long been a polarizing startup in the cryptosphere. Case in point, the San Francisco-based company, initiated by the Stellar Development Foundation, co-founder of Mt.Gox, Jed McCaleb, is often struck by being in bed with centralized financial entities – that Bitcoin was created to destroy . Moreover, …

[ad_2][ad_1] The core developers of Ethereum (ETH) have reached an attempt to implement a new proof-of-work (PoW) algorithm that would reduce the efficiency gap between ASIC and GPU extraction on the network. Development was discussed at a meeting today, January 4. During the meeting, the developer Hudson Jameson noted that …

[ad_1] Ethereum Classic (ETC) started the year as the first crypt to hit with a 51% attack. This follows a series of similar attacks on other POW cryptos. The most notable was the attack on Verge (XVG) which led to a huge drop in its price. Verge never really recovered …

[ad_1] On 5 January 2019, Ethereum Classic (ETC) fell victim to a 51% attack. In the beginning, the attack went unnoticed for over 24 hours until the Coinbase engineers noticed that 88,500 ETCs (about $ 450,000) were falsely deposited on the Okex crypt exchange. On 1/5/2019, Coinbase noted a deep …

[ad_1] Proof of work (PoW) and proof-of-stake (PoS) are the two main types of consent algorithms used by most blockchain-based cryptocurrency platforms to verify transactions. Transactions in digital currency are transmitted over a blockchain network, which usually consists of a large number of computer machines and an immutable distributed ledger. …

[ad_1] Ethereum Classic (ETC) started the year as the first crypt to hit with a 51% attack. This follows a series of similar attacks on other POW cryptos. The most notable was the attack on Verge (XVG) which led to a huge drop in its price. Verge never really recovered …

[ad_1] Ripple Labs has been a polarizing startup in the cryptosphere. Case in point, the San Francisco-headquartered company, started by Stellar Development Foundation Mt.Gox co-founder Jed McCaleb, is often bashed for being in bed. Moreover, many believe that the XRP digital asset is centralized, controlled by puppet masters at the …

[ad_1] Vitalik Buterin, the co-founder of Ethereum, the third largest cryptocurrency by market capitalization, talked about why he opted for Mail Demonstration [PoS] Work trial [PoW], in an interview with Blockchain Insider. Buterin began with a brief introduction of Proof of Stake and Proof of work, stating that PoS is …

[ad_2][ad_1] The increasing amount of hashing power that protects major cryptocurrencies like Bitcoin, Litecoin and Ethereum can be useful for security on those networks, but is simultaneously compromising the security of smaller crypto-currencies than Proof of Work (PoW). For example, someone can take a small fraction of the hash power …