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Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design
31.3.2024
Consensys has told the U.S. Securities and Exchange Commission that Ethereum’s proof of stake implementation “meets and even exceeds the security of Bitcoin’s Proof of Work (PoW).” The blockchain software company said the commission should recognize the advanced safeguards...
Exploring the mechanisms of Proof of Work (PoW) in blockchain-based crypto games
13.3.2024
Proof of Work (PoW) serves as a consensus mechanism within blockchain technology, ensuring the validation and confirmation of transactions while facilitating the creation of new blocks. In PoW, miners, the participants in this process, solve intricate mathematical puzzles to add new transaction...
Satoshi Anticipated Bitcoin Energy Debate in Email Thread With Early Collaborators
23.2.2024
Satoshi saw an irony in the debate between economic conservation and conservation in an email thread with an early collaborator Martii 'Sirius' Malmi
EU Moves to Ban Bitcoin to Meet Energy Goals – Report
31.1.2024
Source: Pixabay A recent report has indicated that Proof-of-Work (PoW) consensus networks, like Bitcoin, may be banned in the European Union (EU). Daniel Batten, a managing partner at CH4 Capital, shared on his X (formerly Twitter) handle that the European Central Bank (ECB) and European Securities...
Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
21.1.2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. 2022 to 2024 Sees...
Unlimited Innovations vs. 2,500 Swimming Pools — AI Faces Similar Environmental Backlash as Bitcoin Mining
29.12.2023
In recent years, attention has centered on bitcoin mining, particularly its energy usage in securing the network and validating transactions through proof-of-work (PoW). As generative artificial intelligence (AI) emerges as a major force in technology, it’s encountering similar environmental...
ETHW Core Team Dissolved Just Weeks After Pleading for Funds to Maintain Servers
20.12.2023
The Ethereum Proof of Work (ETHW) core development organization has been dissolved to help the protocol achieve full autonomy. In late November, the ETHW team pleaded for $200,000 in funding to maintain servers and recruit part-time engineers. ETHW Core team’s development approach has been...
EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional Support
19.12.2023
The EthereumPOW core team is disbanding to achieve decentralized governance, with OneDAO providing temporary support. Image by Sergey Nivens, Adobe Stock. The core development team behind the proof-of-work (PoW) fork of Ethereum announced on Tuesday its decision to dissolve EthereumPOW’s...
Blockstream CEO Adam Back: Bitcoin ETFs Could Propel Price to $100,000
18.12.2023
Image Source: LinkedIn Blockstream CEO Adam Back believes 2024 could mark a period of resurgence for Bitcoin (BTC), propelling the leading cryptocurrency towards $100,000. In a recent interview, the renowned cryptographer and the pioneer of the proof-of-work algorithm used in Bitcoin’s...
US Defense Department Urged to Integrate Bitcoin to Maintain Superpower Status
5.12.2023
A U.S. Space Force major has urged the Department of Defense to integrate Bitcoin as an “offset” strategy. Emphasizing that “Integration of this technology could revolutionize national defense strategies in cyberspace,” he stressed: “Addressing this could be vital...
US Space Force Member Proposes Bitcoin’s PoW Systems in Cyberattack Prevention
4.12.2023
Image by Kaleb, Adobe Stock Jason Lowery, a member of the United States Space Force, has proposed the use of proof-of-work (PoW) networks, like Bitcoin (BTC), as a means to protect the country from cyber-inflicted warfare. In a letter addressed to the US Defense Innovation Board, Lowery emphasized...
Bitmain to Support Aleo’s PoW Blockchain With Latest Antminer Release
23.10.2023
Crypto mining rig manufacturer Bitmain plans to release a new Antminer supporting the proof-of-work (PoW) blockchain network Aleo. The announcement comes after Bitmain’s recent launches of filecoin and kaspa machines and the company’s latest series of bitcoin miners. Aleo’s...
Centralized Mining Pools ‘Antithetical to the Ideals That Gave Rise to BTC and the Blockchain Movement’ — Tomer Afek
22.10.2023
The apparent centralization in both proof-of-work and proof-of-stake protocols is “tragic because it’s antithetical to the cypherpunk ideals” that birthed the the bitcoin and blockchain movement, Tomer Afek, the CEO at the crypto platform Spacemesh, has argued. To back this assertion...
EU Seeks More Data on Crypto’s ‘Significant’ Environmental Harm
28.9.2023
The bloc’s executive arm is commissioning a $842K study as it considers what to do about energy-hungry proof-of-work technology
Grayscale officially abandons post-Merge PoW Ethereum tokens
20.9.2023
One year after the Ethereum Merge, Grayscale has finally taken a decision to abandon all the rights to proof-of-work Ethereum tokens
Deciphering the Differences Between Proof-of-Stake and Proof-of-Work
17.9.2023
As cryptocurrencies continue to evolve, two key consensus mechanisms have emerged for validating transactions on the blockchain: proof-of-work (PoW) and proof-of-stake (PoS). This explainer will examine how these protocols differ and the unique benefits and drawbacks of each. Consensus Mechanisms...
Ethereum Hard Fork Coin ETHW Down More Than 95% Since The Merge
13.9.2023
Nearly a year after Chandler Guo — the instigator of the Ethereum blockchain’s last hard fork — predicted its rise, the native coin of the breakaway Ethereum proof-of-work blockchain has plummeted by more than 95%. Ethereumpow (ETHW) now trades at a price less than 1% of...
All about the ‘Proof-of-Work Summit’, taking place in Prague on September 25-27, 2023!
22.8.2023
The ETC Cooperative and Litecoin Foundation have joined forces to bring the first ‘Proof-of-Work Summit’ to life in Prague, Czech Republic, from September 25 to 27, 2023. It seemed fitting that the first Proof-of-Work (POW) Summit be hosted in Prague – the birthplace of...
Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy
14.8.2023
A new study suggests bitcoin mining could actually help drive the transition to renewable energy sources. Researchers Juan Ignacio Ibañez and Alexander Freier make the case that Bitcoin miners’ demand for cheap electricity provides incentives for increased renewable energy production....
The last Bitcoin: What will happen once all BTC are mined?
21.7.2023
According to some experts, miners will always be essential to the Bitcoin ecosystem, even after mining the last coins