2023 blockchain forecast
Here is the forecast of the blockchain industry in 2023 from BSV Blockchain Association’s Global Public Policy Director Bryan Daugherty.
Latest proof of work News
Verifiable Delay Functions on Bitcoin
The Verifiable Delay Function acts as another layer of security in blockchain, preventing bad faith actors from influencing an output by predicting future values.
Kurt Wuckert Jr. at Unbounded Capital Summit: History of blockchain and current landscape
Kurt Wuckert Jr. took the stage at the Unbounded Capital Summit to discuss the history of Bitcoin, Satoshi Nakamoto's vision, and clarify misconceptions in the digital asset space.
New UK bill makes it easier to seize, freeze and recover digital currencies
A new bill hurdles the British parliament as it hardens its stance on digital currency exchanges in the wake of soaring financial crimes, a move that is also expected to affect the blockchain sector.
Australia’s financial regulator increases staff strength following Ethereum’s Merge
ASIC's executive director for markets expressed that the securities watchdog will not be "cheerleaders for crypto assets" and will be turning up the heat for the entire industry.
Proof-of-stake is proof of misunderstanding
If proof-of-work distributes objective consensus to miners outside of the network, proof-of-stake consolidates power to a subjective, in-network minority.
Ethereum’s Merge is another epic fail
The Merge was completed on September 15, and ETH reached a recent high of $1,638.56 that day. Since then, it has tanked to $1,340 at the time of writing.
Ethereum makes the final plunge to proof of stake
"The Merge" not only pumped the price of ETH tokens, as opposed to what was promised, but its switch to a PoS model created a slew of issues, including turning the network into a permissioned ledger.
Is ETH a security? If it wasn’t before, it is now
Ethereum is both a security and tyranny, as staking coins via a third party remains, and the wealthiest holders combining forces to ensure total domination of the system, the article argues.
Post-Merge, Gary Gensler again hints that ETH is a security
Gary Gensler likened Ethereum's 'The Merge' to lenders, indicating that it is more of a security than a commodity, a stark contrast to BSV, which managed to retain the original Bitcoin protocol.
Ethereum finally does ‘The Merge,’ staking its future on new algorithm
The event was billed as the largest and most complicated open-source software transition in history, but the live network faces an uncertain future after it switched over to a new processing algorithm and economic incentive model today.
Proof of Centralization: Ethereum’s rich-get-richer Merge countdown
The ‘Merge,’ aka Ethereum’s shift from a PoW to a PoS consensus mechanism, is set to take place this week, and the ‘crypto’ world is watching to see if this will boost ETH or spectacularly flame out.