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PoW

Blockchain Scalability: Current Challenges and Potential Solutions

Blockchains and the related field of decentralized technologies represent a massive opportunity for humanity — not to mention the fact they appeared with almost perfect timing. Our largest institutions have become so powerful that they can take advantage of normal people without repercussions. Look no further than Facebook spying on its users and the surveillance …

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Chia Releases Green Paper Detailing Eco-Friendly Means of Crypto Mining

San Francisco-based tech firm Chia Network has released a green paper that describes an eco-friendly means of mining cryptocurrencies. The green paper provides a description of how proof of space and proof of time create a “Nakamoto-style” consensus algorithm for Chia’s blockchain. Specifically, Chia proposes to “farm” rather than mine to verify blockchains that issue …

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Ethereum Core Devs: Funding for ProgPoW 3rd-Party Audit Approved

Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units …

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Ethereum Devs Once Again Approve ASIC-Resistant Algorithm ProgPoW

Ethereum (ETH) core devs once again discussed the proposed Application Specific Integrated Circuit (ASIC)-resistant Proof of Work (PoW) algorithm ProgPoW during their weekly meeting on March 15. This week, the devs again reached an overall consensus that the algorithm should be implemented, while the timeline for its implementation remains unclear. When discussing the algorithm, the …

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More Than 30% of BTC Traffic Stems from the Veriblock Project

<header class=”article__header”> </header> <strong>Over the last few weeks, a blockchain project called Veriblock whose protocol piggybacks off the Bitcoin Core (BTC) network has sparked debate. More than a quarter of BTC’s transaction numbers stem from the Veriblock system and the project has been criticized for using the blockchain in this manner.</strong> Also Read: Orca Pool Mining Operation …

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Majority of Voters Support ASIC-Resistant ETH Algorithm Implementation, Online Vote Shows

An online vote over the implementation of ProgPoW in the Ethereum (ETH) proof-of-work (PoW) algorithm shows a majority in favor of the change, according to the results updated today, Feb. 15, on the dedicated voting portal. ProgPoW is an application-specific integrated circuit (ASIC)-resistant PoW algorithm meant to replace ETHhash, Ethereum’s current PoW algorithm. By defining …

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BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

<strong>Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the BCH mainnet.</strong> Also read: Mt. Gox Creditors Neither Need nor Deserve …

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