Proof of Work

Age of Scale: How Can Blockchain Systems Become Powerful Enough for a Global Audience?

In the history of blockchain to be written in textbooks, 2018 will probably be known as the year of failing…

Bitcoin’s Proof-of-Work Algorithm Needs Replacing, Argues BIS Study

The proof-of-work (PoW) algorithm used by bitcoin and some other cryptocurrencies is not viable in the long-term and needs to…

Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work

Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank…

Ethereum Classic 51% Attack — The Reality of Proof-of-Work

Just two weeks into the new year and the cryptocurrency community is grappling with the reality of an alleged “51…

Crypto Exchange Gate.io Confirms 51% Attack on Ethereum Classic, Promises Refunds

Researchers from crypto exchange Gate.io report they have confirmed that a 51 percent attack successfully occurred on the Ethereum Classic…

ETH Dev Suggests Moving to ‘ASIC-Friendly Algorithm’ After ProgPoW Decision

An Ethereum (ETH) code contributor has suggested that Ethereum developers ‘embrace’ specialized mining hardware (ASICs) in a reply on Ethereum…

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