Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by … Read more

Study Finds Certain Proof of Stake Networks Vulnerable to Low Cost Attacks

On Jan. 22, a team of students from the University of Illinois at Urbana Champaign (UIUC) released a unique study concerning the longevity of certain proof of stake (PoS) networks. According to the research, more than 26 PoS blockchains could suffer from vulnerabilities called “Fake Stake” attacks. Also read: Satoshi’s Bitcoin Whitepaper Is Now Available in … Read more