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.
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.
Jerry Chan examines Nvidia employee and OpenBSD hacker David Rosenthal's article, which details a lecture he gave at Stanford University on digital currencies and the problem he saw with it.
The top executive suggests a proof of work (PoW) mining ban as well as a switch to proof of stake (PoS) mining, which he believes "has a significantly lower energy profile."
Building things on blockchain leads inevitably to questions about the latest hotness, and there’s always the latest hotness, Greg Bledsoe writes.
The project to upgrade Ethereum has transformed into organizing a "consensus layer" and "execution layer" as ETH edges toward its goal of becoming a useful, scalable, network based on proof of stake (PoS) block confirmations.
This week, Nigel Smith checked in with Bitcoin inventor Dr. Craig Wright to cover a variety of topics—from the recent Kleiman v Wright and COPA cases to Lightning Network and BTC Core, and many more.
Here we are at the end of 2021—was it a good year? In many ways, it was, and in many ways, it wasn't. But it was definitely a year full of major changes that will impact the blockchain industry for a long time to come.
As Solana continues to gain attention and grow, the issues have raised serious concerns at the network's ability to scale reliably/securely—and throughput and scaling are Solana's two biggest selling points.
Dr. Craig S. Wright sets things straight when it comes to proof of work and proof of stake in this week's episode of "Bitcoin Class with Satoshi" with sCrypt's Xiaohui Liu.
Economic competition and incentives are at the heart of the Bitcoin system Dr. Craig Wright invented, a system that is completely different than the system that falls under the BTC ticker symbol.
The amount of energy that Bitcoin, especially Bitcoin mining operations, consume has been a hot-button issue since the inception of Bitcoin.
The Bitcoin SV network has already put in place safeguards to its protocols, which in all practical terms, makes attacks on the system illogical.