Proof Of Work | ForkLog

ForkLog 58 29.07.2025

Qubic’s Controversial 51% Attack Plan on Monero Sparks Debate

The Qubic platform, led by IOTA co-founder Sergey Ivancheglo, announced plans to capture 51% of Monero’s hash rate from August 2 to 31. The community criticized the initiative. Qubic operates on the useful Proof-of-Work (uPoW) algorithm—converting mined XMR into USDT to buy back and burn its QUBIC tokens, creating a deflationary model. In May, the […]

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ForkLog 39 30.05.2025

Beyond the blockchain: “useful” mining and the Proof‑of‑Useful‑Work concept

As entire countries set an example of efficient mining, ForkLog’s editors wondered whether it is possible to go beyond the paradigm — to channel vast computing power for good, rather than confining the technology to hash calculation. Having studied information compiled by Web3 enthusiast Danil Ivanov on the “useful” consensus mechanism Proof-of-Useful-Work (PoUW), we concluded […]

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ForkLog 49 01.04.2025

A16z Invests in Blockchain AI Project Positioned as Bitcoin Alternative

The Ambient network project, positioned as an alternative to the leading cryptocurrency, has attracted $7.2 million from a16z, Delphi Digital, and Amber Group, according to CoinDesk. The blockchain aims to provide “superintelligent AI” quickly, cheaply, and openly. Ambient co-founder Travis Good is convinced that Bitcoin’s encryption mechanisms are “becoming obsolete” and may “completely lose relevance […]

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ForkLog 26 21.03.2025

SEC Clarifies PoW Mining Not Linked to Securities

The U.S. Securities and Exchange Commission (SEC) has clarified that mining using the Proof-of-Work consensus algorithm does not constitute an offer or sale of securities. “Accordingly, in the agency’s view, mining participants do not need to register transactions with the Commission under the Securities Act, nor do they fall under any of the registration exemptions […]

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ForkLog 10 28.04.2024

Vitalik Buterin: Proof-of-Work Was a Temporary Phase Before Ethereum’s Shift to Proof-of-Stake

Ethereum co-founder Vitalik Buterin stated on social media platform X that the Proof-of-Work (PoW) consensus algorithm was merely a temporary phase in the project’s transition to Proof-of-Stake (PoS). PoW was also quite centralized. It was just not talked about as much, because everyone knew it was only a temporary stage until PoS. And that doesn’t […]

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ForkLog 10 04.12.2023

US Space Force Major Urges Studying Bitcoin’s Potential

The military should prioritise studying the underlying Bitcoin{{AOPEN_1}}Proof-of-Work{{ACLOSE_1}} algorithm to bolster the country’s defence. This was stated by U.S. Space Force Major Jason Lowery.

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ForkLog 30 14.09.2023

Softwar: A Review of the US Space Force Major’s Book on the Strategic Significance of Bitcoin

A brief summary of Jason Lowery's bestseller, which provoked substantial debate in the Bitcoin community.

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ForkLog 8 27.03.2023

Creator of ‘Satoshi’s Skull’ admits error over PoW

Canadian artist Benjamin Von Wong, who created Greenpeace's 'Satoshi’s Skull' talisman, said his work was 'never meant to be anti-Bitcoin'.

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ForkLog 6 29.12.2022

Dogecoin developer denies plans to switch blockchain to Proof-of-Stake

Contrary to the views of some influencers, the Dogecoin team does not plan to transition the blockchain to the Proof-of-Stake consensus algorithm (PoS). This was stated by one of the leading developers, Michi Lumin.

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ForkLog 6 16.09.2022

Dogecoin has become the second-largest PoW cryptocurrency by market capitalization

Dogecoin has risen to second place in market capitalization among PoW blockchains after Ethereum migrated to PoS.

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ForkLog 23 06.09.2022

How bitcoin mining works

How does bitcoin mining work? Why does the reward shrink over time? How harmful is mining to the environment? We explain in cards.

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ForkLog 25 31.08.2022

What is the proof-of-work (PoW) algorithm?

How does the proof-of-work consensus algorithm work? Why is it crucial for blockchains? Which problems did PoW solve? Answers in cards.

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#Proof Of Work