Proof Of Work | ForkLog

ForkLog 6 23.04.2022

US lawmakers urge EPA review of Proof-of-Work over environmental impact

A group of US congressmen has asked the Environmental Protection Agency to assess the mining industry for environmental risks and compliance with relevant laws.

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ForkLog 13 19.11.2021

Norway to consider Bitcoin mining ban following Sweden

Norway may back the Swedish regulators' initiative to ban cryptocurrency mining, including Bitcoin, at the EU level. The government cited 'unjustified electricity costs'.

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ForkLog 18 03.08.2021

Zcash founder proposes moving the project to a Proof-of-Stake algorithm

The Zcash cryptocurrency needs to abandon the Proof-of-Work consensus algorithm in favour of a more energy-efficient and environmentally friendly Proof-of-Stake. The proposal was made by the project's founder, Zooko Wilcox.

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ForkLog 19 02.06.2021

Vitalik Buterin flags the human factor as the main barrier to Proof-of-Stake

Ethereum co-founder Vitalik Buterin said internal disagreements among team members affected the timelines for both versions more than technical issues, according to Forkast at the Virtual Fintech Forum.

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ForkLog 6 28.05.2021

Bank of Canada says its CBDC would be greener than Bitcoin

The Bank of Canada's planned national digital currency (CBDC) will not rely on “wasteful mining methods” inherent to cryptocurrencies. Deputy Governor Tim Lane said this, according to Penticton Western News.

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ForkLog 8 24.05.2021

Developer predicts a 99.95% drop in Ethereum’s energy use after PoW switch

Energy costs to maintain the Ethereum blockchain could be reduced by about 2,000x after the transition from PoW to PoS, according to ETH2 developer Karl Beekhuizen.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 11 14.05.2021

PoS coins gain ground after Tesla stops accepting Bitcoin

Proof-of-Stake (PoS) coins have shown better dynamics than the market overall. The move may have been sparked by Tesla's decision to halt sales of electric vehicles paid for in Bitcoin due to concerns about its mining environmental impact.

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ForkLog 12 19.04.2021

Charles Hoskinson Urges Move Away From Proof-of-Work and Predicts Dogecoin Crash

The CEO of IOHK, the Cardano developer, Charles Hoskinson, questioned the prospects of proof-of-work, noting Bitcoin's hash rate fell sharply in April.

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Krzysztof Shpak 1323 17.06.2020

Emin Gün Sirer Reveals Fundamentals of a Perfect Blockchain. PoW Mining Is Not Included

Emin Gün Sirer, associate professor of computer science at Cornell University and an early proponent of Bitcoin, is known as the creator of several important scaling solutions, including Bitcoin-NG.

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Krzysztof Shpak 469 14.04.2020

Proof-of-Stake Future: Inevitability or Myth

The debate about Bitcoin’s Proof-of-Work being obsolete and downright harmful to the environment has been going on for a while. Alternative algorithms like Proof-of-Stake emerged aiming to solve the problems, but the solution to end the debate is yet to be found.

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Krzysztof Shpak 586 07.02.2020

How to Mine Cryptocurrency: Beginner’s Guide

If you thought about starting to mine cryptocurrency but know only a little about it, you have come to the right place. In this feature, forklog.media will explain the basic terms of mining, show how it works, and help you understand whether the juice is worth the squeeze.

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Krzysztof Shpak 492 26.01.2020

Opinion: PoW Will Always Be Criticized for Inefficiency

The war of consensus algorithms is still raging on. While some believe that only Proof-of-Work can underpin a real cryptocurrency, others think that its time passed long ago, and now it’s time for other algorithms like Proof-of-Stake.

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#Proof Of Work