More / Etherum Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
Now if you understood Bitcoin, if you REALLY understood Bitcoin, you understand why proof-of-work is fundamental to its design. You understand why it's indispensable for any public, permissionless blockchain that's serious about decentralizat...
Bitcoin News / Bitcoin.com - 2 years ago
The White House has endorsed an amendment to the $1 trillion Infrastructure bill that supports proof-of-work over all other consensus mechanisms. However, the crypto community is supporting a different amendment. White House Takes Stance on Infrastru...
by COINS NEWS - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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More / Etherum Reddit - 2 years ago
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by COINS NEWS - 2 years ago
The White House has signalled that it will support the last minute amendment by Warner, Portman, Sinema over the plan proposed by Toomey Wyden Lummis The former plan is even more disastrous than the original text without amendment It heavily regulat...
More / Etherum Reddit - 2 years ago
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Bitcoin News / Bitcoin.com - 2 years ago
According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal....
More / Etherum Reddit - 2 years ago
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by COINS NEWS - 2 years ago
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by COINS NEWS - 2 years ago
There are some cryptos based on PoW algorithm, means they need to be mined (like BTC and ETH). Then there are cryptos that you get by stacking, and this system is PoS (like BNB and ETH 2.0). But now there's a new PoS model, Proof of Shitposting,...
More / Etherum Reddit - 2 years ago
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by COINS NEWS - 2 years ago
A used going by the name QuantumMechanic made a post in 2011 called "Proof of stake instead of proof of work" where he introduced the world to a new concept he called PoS. Everything else is history, except he never got the credits for it....
More / Etherum Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
Want proof that bitcoin is a deflationary, kick ass store of value? Just look at its buying power since 2010: May 2010: 10,000 btc bought 2 Papa John's pizzas delivered (worth ~$35) May 2015: the same 10,000 btc could buy $2.3m worth of land and/...
by COINS NEWS - 2 years ago
This is my attempt to summarize a recent blog post by Vitalik Buterin. This is a learning exercise for myself and critiques are welcome. If you feel something can be summarized better, please comment. Link to the article - November 2020 3 Re...
