The Ethereum community has been debating a proposal called ProgPoW as many ETH proponents believe the Programmatic Proof-of-Work function will alter the network significantly. The contentious topic has seemed to galvanize the community, with the ProgPoW proposal favored by a significant proportion while being detested by others. A few Ethereum participants were shocked on February […]
The post Ethereum Community Enthralled Over Controversial ProgPoW Proposal appeared first on Bitcoin News.
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Some tin-foil hat conspiracy theorists believe government devised and built bitcoin as weaponized money to enslave the people. They think Big Brother made the technology to subjugate everyone, and that politicians are somehow benefiting from the technology. In an odd twist of logic, these people believe bitcoin represents a state-sponsored tool for control. Also read: Regulations […]
This rebuttal to Dr. Doom, AKA Nouriel Roubini, was written by Thomas Schouten, the Head of Marketing at Lisk. Schouten holds a Bachelor of Science in Business Administration and a Master of Science in Strategic Entrepreneurship from Erasmus University Rotterdam. Nouriel Roubini, a long time skeptic of cryptocurrencies, unleashed another wave of negative rhetoric recently, aiming to undermine the […]
EO, a four-platform-ecosystem has obtained two licenses to for its upcoming crypto fiat exchange and wallet. This makes it one of the first crypto-based companies to receive a license prior to launching of its crypto products and it can officially allow the use of fiat on its upcoming crypto exchange, crypto wallet and online trading platform, as well as the exchange of its own coin, EO, with fiat.
Cryptocurrency mining was first introduced through Bitcoin’s Proof-of-Work (PoW) algorithm, and has since been adopted by hundreds of other cryptocurrencies. Since its inception, miners have primarily supported platforms based on their profitability, following the coins whose miner returns offer the highest returns on investment. However, profitability’s dominance is gradually being replaced by other incentives, as projects look to garner more support by providing other resources to the propagators of their networks. One of the major shortcomings of most PoW coins and mining clients is the necessity of the miner to sell their block rewards in order to see a profit. Of course,