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Cryptonews Tags Proof-of-work

# Proof-of-work

All #Proof-of-work

Crypto Regulation News
Crypto Council Mobilizes 30+ Organizations to Challenge SEC Staking Regulation
More than 30 groups in the crypto council have pressed the SEC to classify staking as a network security service, not a securities transaction, and to issue practical guidance rather than rigid rules, arguing that misclassification would hurt blockchain security and US competitiveness.
, by Julia Smith
Blockchain News
Quantum Computing Meets Blockchain: Scientists Propose New Version of Proof of Work Consensus – Future of Crypto?
A newly published research paper from a team of researchers from Australian and American universities, in collaboration with quantum technology company BTQ, has proposed a new approach to the proof-of-work (PoW) consensus mechanism based on boson sampling.The proposed proof-of-work system, known as "proof-of-work consensus by quantum sampling," leverages quantum computing techniques to achieve faster and more energy-efficient validation of consensus.Traditional PoW algorithms used in, for...
, by Fredrik Vold
Bitcoin News
Hive Blockchain Shares Are Up 100% YTD, Deploys Intel’s Blockscale Chip For Bitcoin Mining Machines
The shares of Bitcoin (BTC) mining firm Hive Blockchain (HIVE) are up more than 100% since the year began, while it just recently deployed its first machines based on Intel's (INTC) Blockscale chips.Between Tuesday, January 3 and Friday, January 13, 2023, HIVE shares jumped 104.6%. On January 3, a share stood at $1.53, while just 10 days later, it went up to $3.13. The highest point reached since the year began was $3.18 seen on January 12. Hive Blockchain Technologies Ltd. Common...
, by Sead Fadilpašić
Blockchain Consensus Mechanisms and Their Role in Sustainable Blockchain Development
 Gwendolyn Regina is Investment Director at BNB Chain, the blockchain developed by major crypto exchange Binance.__________Blockchain sustainability has become essential. As the technology scales, new blockchains must be green.You might have heard the saying, “Bitcoin uses more...
, by Gwendolyn Regina
Hackers Attack EthereumPoW and ETH Vanity Addresses, Binance Partners With Ukrainian Varus, FTX Has $1BN for Acquisitions & Bailouts + More News
 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Security newsBlockchain security company BlockSec revealed that, on September 16, they detected that attackers...
, by Sead Fadilpašić
Thailand Bans ‘Depository Services’, Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News
 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Regulation newsThailand's Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and...
, by Sead Fadilpašić
Ethereum Merge Could Trigger Surge of interest in Staking and Entice Institutional Buyers
Ethereum is in the final stages of preparations to switch from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS). This event, which is referred to as the Merge, is expected to have several benefits for Ether (ETH) - the native token of the Ethereum blockchain. According to a...
, by Ruholamin Haqshanas
Ethereum ‘Flippening’ Bitcoin: Can It Happen? How? And What It Might Mean for Crypto?
 The flippening is unlikely in terms of market capitalization, but nonetheless possible.The flippening can also refer to different stats such as daily trading and transaction volume, as well as other areas.A flippening could have an impact on the wider crypto ecosystem in various ways._____It...
, by Simon Chandler
Is It Time To Begin Talking Seriously About Bitcoin Tail Emissions?
 It’s almost a truism that Bitcoin (BTC)’s major selling point is its hard supply cap, limiting its total possible circulation to BTC 21 million. However, contrary to this received wisdom, there seems to be a growing chorus of people who worry that a hard cap isn’t without...
, by Simon Chandler
End-of-Week Ethereum: Merge News Fails to Hold Price Up, Traders Discuss Merge-Related Sell-Off, Binance Joins Exchanges Preparing for Possible Fork
 The price of Ethereum’s native token ETH fell over the past 24 hours, while developers identified several bugs and traders started fearing the Merge could become a ‘sell the news’-type of event.On Friday at 09:10 UTC, ETH was down by 2.8% for the past 24 hours to a price of...
, by Fredrik Vold
Japan’s bitFlyer Will ‘Pay Close Attention’ to Any Ethereum Proof-of-Work Hard Fork
 The Japanese crypto exchange bitFlyer has said it will “pay close attention” to any hard forks that may happen as a result of Ethereum’s (ETH) transition from proof-of-work (PoW) to proof-of-stake (PoS), and that forked tokens that continue to rely on PoW could be...
, by Fredrik Vold
DeFi Platforms See Broad Weekly TVL Decline, One Protocol Stands Out
 Major decentralized finance (DeFi) platforms have seen a broad decline in the total value locked (TVL) over the past week, with only one top 10 protocol seeing growth. The fall in TVL came as prices of popular smart contract tokens like ethereum (ETH), solana (SOL), and BNB also fell...
, by Fredrik Vold
Data Validation and the Problem of Standards: Why it is Difficult and How to Fix it in a Decentralized Way
 Fabian Riewe is the Co-founder of Web3 data lake solution KYVE.__________Is distribution of data a hurdle to Web3 scalability? Overlooked benefits of decentralized data storage in creating a censorship-resistant spaceData validation has always been a key factor in analyzing and clarifying...
, by Fabian Riewe
End-of-Week Ethereum: Developers Firm Up Merge Date, Hedge Fund Investor Says Merge is ‘Not Priced In’, Aave Proposes Strongly Signaling Support for PoS
 Ethereum (ETH) developers firmed up September 15 as the date when the highly anticipated Merge is estimated to happen, while Aave (AAVE) seeks to "strongly signal" its support for the PoS chain instead of PoW. Meanwhile, a crypto hedge fund manager says the Merge is not yet priced in by the...
, by Fredrik Vold
Ethereum Developers Looking for Potential Merge Dates
 During a call on Thursday, Ethereum (ETH) developers mentioned potential dates for the Merge – the massive and much-anticipated event when Ethereum moves from the proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS).The dates mentioned in the document shared during the call...
, by Sead Fadilpašić
No ‘Black and White’ Answer to the Proof-of-Work vs. Proof-of-Stake Question, Says Kraken
 The proof-of-work versus proof-of-stake face-off does not need to be a fight to the death, a new report has suggested – and a more nuanced approach could pay off for crypto players now fretting about which side of the fence they should be on.The claims were made in a report on PoW and...
, by Tim Alper
The Merge’s Long Term Impact on Ethereum
 Kosala Hemachandra is the founder and CEO of MEW (MyEtherWallet). __________Whether you call it the Beacon Chain Merge, ETH2, or something else, this update to the blockchain – the move from the proof-of-work (PoW) to the proof-of-stake (PoS) consensus mechanism –...
, by Kosala Hemachandra
Justin Sun, Poloniex Back Plan to Create a PoW Ethereum Hard Fork
 Ethereum (ETH) miners fearing the worst should the network’s much-vaunted move to proof-of-stake (PoS) go ahead next month could be thrown a lifeline – with Justin Sun and his Poloniex crypto trading platform stating that they will provide support for a proposed proof-of-work fork...
, by Tim Alper
Hayes Asks ‘Forgiveness’ for Calling Ethereum a Shitcoin, Doubles Down on ETH
 Former BitMEX CEO Arthur Hayes apologized for calling Ethereum (ETH) a shitcoin years ago and argued that the Merge is “extremely bullish” for the price of ETH.In his latest essay, Hayes took a look back at his previous statements on Ethereum, as well as a look forward...
, by Sead Fadilpašić
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