Go green or go home? What the NY State mining moratorium could mean for crypto industry
The “anti-technology” bill could accelerate mining operators’ switch to renewable energy, experts say. Go to Source Powered by WPeMatico
Proof of Work
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Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant
Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn’t change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this … Read more
World Economic Forum Shares a Video About Changing Bitcoin’s Code to Proof-of-Stake
According to a World Economic Forum (WEF) tweet, a “change in the way bitcoin is coded could almost eliminate its environmental impact.” That statement stems from a tweet the WEF published on April 26, with an accompanying video that claims “miners could stake their own bitcoins to verify transactions.” WEF on Bitcoin’s Proof-of-Work: A ‘Basic … Read more
Eth2 deposit contract now holds 10% of the circulating ETH supply
The ETH 2.0 deposit contract can only be unblocked after the PoS transition, postponed to the latter half of the year. Go to Source Powered by WPeMatico
Sustainable energy usage for BTC mining grows nearly 60% in a year
The latest Bitcoin Mining Council report showed that the mining industry is rapidly adopting sustainable energy sources to secure the largest crypto blockchain. Go to Source Powered by WPeMatico
US lawmakers sound alarm to EPA over environment concerns of crypto mining
In addition to air and water pollution as a result of energy production, the lawmakers pointed to electronic waste from mining rigs, and noise pollution in surrounding communities. Go to Source Powered by WPeMatico
Decred price soars 45% in one day three weeks before a major hard fork
The upcoming Decred hard fork also plans to increase DCR rewards for PoS validators from 30% to 80%. Go to Source Powered by WPeMatico
Mozilla to Reinstate Crypto Donations — Organization Will Not Accept Proof-of-Work Cryptocurrencies
During the first week of January, the software community Mozilla revealed it was pausing cryptocurrency donations after citing environmental concerns. 14 weeks later, Mozilla decided last week it will accept crypto donations again, but only from digital assets that leverage a proof-of-stake (PoS) consensus model. Mozilla Plans to Accept PoS Crypto Assets Only, Executive Says … Read more
ETH devs implement first-ever ‘shadow fork’ as PoS testing continues
The shadow fork, which is intended to test the next phase of Ethereum’s configuration, has no impact on the existing mainnet. Go to Source Powered by WPeMatico
‘People should invest in all of the major layer-1s,’ says a veteran trader
Veteran trader Scott Melker breaks down his crypto portfolio and explains why layer-1 protocols should play a central role in everyone’s investment strategy. Go to Source Powered by WPeMatico
