Tagged: proof of work

January 22, 2023 @ 5:00 pm By Omar Faridi  |  

  Bitcoin (BTC), the flagship cryptocurrency, has fallen from a high of nearly $70,000, which it reached in late 2022, to just over $20,000 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto-asset by market cap and the largest smart contract platform, has… Read More

October 19, 2022 @ 9:05 am By Omar Faridi  |  

We recently connected with Li Jun, Founder of Ontology, the project that claims it is bringing trust, privacy, and security to Web3 through decentralized identity and data solutions. Li Jun has commented on the key developments in the crypto and blockchain space following the Ethereum… Read More

August 30, 2022 @ 2:47 pm By Omar Faridi  |  

Ethereum’s Merge is due to happen soon, and it might “impact both Ether and the larger crypto market in a big way,” the Okcoin team noted. Ethereum’s proof-of-work chain will merge with its proof-of-stake chain soon, the update from Okcoin noted while adding that the… Read More

April 12, 2022 @ 7:58 am By Omar Faridi  |  

  Ethereum’s (ETH) very first mainnet shadow fork has gone live (as of April 11, 2022). This, as the developers of the second-largest digital currency by market capitalization continue the gradual transition to a proof-of-stake or PoS (blockchain) consensus model. The shadow fork is a… Read More

October 31, 2021 @ 5:20 pm By Omar Faridi  |  

Decentralization is one of the core tenets or value propositions of blockchain or distributed ledger technology (DLT). As explained in a blog post by Qtum (QTUM), decentralization is the process by which the “governance activities of an organization are distributed or delegated away from a… Read More

August 25, 2021 @ 7:32 pm By Omar Faridi  |  

CJDNS SASU, a French software R&D start-up in the PKT ecosystem, recently announced its funding agreement with NGI-LEDGER, a European Commission’s initiative that aims “to shape the development and evolution of the Internet.” The agreement secures funding for SafePKT, an initiative that aims to bring… Read More

August 8, 2021 @ 12:33 pm By Omar Faridi  |  

The team at Hedera Hashgraph has shared an update on their plans to go Carbon negative. The Hedera Hashgraph team notes that public blockchain and distributed ledger technologies (DLT) have “ushered in a new era of the web.” We now have the infrastructure required to… Read More

August 4, 2021 @ 4:50 pm By Tony Zerucha  |  

Blockswap’s Open Saver savings account allows eligible participants to benefit from holding green cryptocurrencies without needing advanced knowledge of the sector or even personal cryptocurrency holdings. It will also help users lessen their carbon footprint. Open Saver will offer a targeted return of seven per… Read More

March 24, 2021 @ 7:46 pm By Omar Faridi  |  

The developers of YIELD App, which allows users to deposit various crypto-assets and earn competitive returns, have published a blog post that covers the controversial Ethereum Improvement Proposal or EIP 1559, the ongoing Ethereum “miner revolt” and “what it all means” for decentralized finance (DeFi)…. Read More

January 27, 2021 @ 8:19 pm By Omar Faridi  |  

Institutional investors have been gaining more exposure to alternative assets such as Bitcoin — particularly large hedge funds. These clients are now willing to aggressively promote or defend Bitcoin’s (BTC) unpredictable and wild price fluctuations. Large publicly listed firms such as MicroStrategy believe or claim… Read More

December 4, 2020 @ 7:31 am By Omar Faridi  |  

Huobi Global, a leading digital asset exchange, claims that when it comes to the blockchain and crypto sector, there are “arguably no blockchain projects more important than Ethereum.” The second-largest digital currency by market cap has also been credited with being “the mother of ‘Generation… Read More

September 29, 2020 @ 10:30 pm By Omar Faridi  |  

Kadena, the first blockchain tech-focused firm to come out of J.P. Morgan’s Blockchain Center for Excellence, confirmed in August 2020 that they had performed major updates to their scalable layer-1 public blockchain network. Kadena’s developers claim that they have one of the fastest blockchain platforms… Read More

July 21, 2020 @ 8:46 pm By Omar Faridi  |  

The Ethereum Foundation, an organization that supports the ongoing development of Ethereum (ETH), the largest blockchain-based network for building decentralized applications (dApps), has introduced several public “attack networks” for Ethereum 2.0, which is based on existing stable clients of the smart contract platform. These attack… Read More

July 5, 2020 @ 2:07 pm By Omar Faridi  |  

Vitalik Buterin, the co-founder of Ethereum (ETH), the world’s largest smart contract platform, recently admitted that he would have approached the ongoing development of Ethereum a lot differently if he started building it now from scratch. Buterin, whose comments came during a recent episode of… Read More

July 2, 2020 @ 11:10 am By Omar Faridi  |  

Bison Trails, a blockchain “infrastructure-as-a-service” company, revealed on July 1, 2020 that it will be adding support for Eth2, a major upcoming system-wide upgrade for the Ethereum (ETH) blockchain. Ethereum Version 2.0 (or Eth2) will involve a gradual transition from its current Proof-of-Work (PoW) consensus… Read More

June 16, 2020 @ 11:45 pm By Omar Faridi  |  

Binance, Crypto.com, DARMA Capital, Huobi Wallet, Matrixport, and Trustology will reportedly join the ConsenSys Codefi Staking Pilot Program, in order to gain early access to the Ethereum 2.0 staking solution. Ethereum 2.0 or Eth2 is a major system-wide upgrade to Ethereum (ETH), the world’s largest… Read More

June 7, 2020 @ 5:53 pm By Omar Faridi  |  

The developers of Ethereum (ETH), the world’s largest smart contract platform, have been working for many years on the ongoing development of Ethereum 2.0 or Eth2, which is a major systemwide upgrade that will involve a transition from the current proof of work (PoW) consensus… Read More

April 30, 2020 @ 9:58 pm By Omar Faridi  |  

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

August 30, 2018 @ 6:00 pm By JD Alois  |  

Here is an interesting thread I was following recently on Twitter. As we all know, Ethereum is planning to change from Proof of Work (PoW) to Proof of Stake (PoS). There is no need to dive into the pros/cons .. shoulda coulda debate now, but… Read More