Latest proof of work News

Why Satoshi’s original proof-of-work model works
Tech 19 September 2018

Why Satoshi’s original proof-of-work model works

A Medium post details the original proof-of-work (POW) concept that is an integral part of the cryptocurrency model. Many crypto opponents have deemed the POW concept as being wasteful, but author Dan Held is able to show the fallacy in their argument.

How ‘Black Mirror’ helps explain Bitcoin as a proof of work system
Editorial 5 September 2018

How ‘Black Mirror’ helps explain Bitcoin as a proof of work system

In a Medium post, Dr. Craig Wright explained the significance of CoinGeek as the first independent corporate miner of Bitcoin, and how this would offset what he describes as ‘proof of social media'—with consequences that can be lifted directly from an episode of the dystopian drama series.

Proof of Work vs Proof of Stake
Editorial 28 May 2018

Proof of Work vs Proof of Stake

One of the primary tenets that underpins Bitcoin’s operation is its Proof Of Work algorithm, but there’s been a snowballing movement among many crypto enthusiasts to what is now known as Proof Of Stake (PoS).