Latest Proof of Stake News

sam-bankman-fried
Editorial 20 May 2022

Sam Bankman-Fried is wrong again

Sam Bankman-Fried, whose FTX exchange sold both UST and LUNA, has emerged to tell the Financial Times that Bitcoin has no future as a payments network.

Mobile phone with webpage of American technology company Ripple Labs Inc. on screen in front of logo. Focus on top-left of phone displa
Business 1 April 2022

BTC v Ripple in proof-of-climate-change dust-up

The co-founder of ‘crypto’ token/commodity Ripple wants BTC to shift to a Proof of Stake consensus mechanism, apparently because he believes the hobbled BTC tech is still not hobbled enough.

Cryptocurrency golden bitcoin coin - symbol of crypto currency - electronic virtual money on tech background, toned
Tech 30 March 2022

On the myth of proof of stake systems

Dr. Craig Wright recently published a blog post titled “Decentralization,” where he discussed the common misconceptions surrounding the topic and argued why proof of stake system tokens are just securities.

mining equipment
Editorial 9 March 2022

Bitcoin mining and monopoly

Bitcoin mining under Proof-of-Work is less likely to result in a monopoly. On the other hand, Proof-of-Stake has natural gravitation toward forming a monopoly or a cartel.

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