3 / 3 Relevant items tagged with #ProofofWork

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Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard Fork

[Jan 16, 2023 6:30 PM] According to statistics, the number of Ethereum network validators on the Beacon chain exceeded 500,000 as of Jan. 12, 2023. The validator milestone comes as Ethereum core developers prepare for the Shanghai hard fork. Five days ago, Ethereum core…

5 altcoin projects that made a real difference in 2022

[Dec 27, 2022 1:05 PM] 2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry.

Buenos Aires to Tax Cryptocurrency Mining in 2023

[Dec 23, 2022 1:00 AM] The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a taxable activity that will levy 4% on the income calculated…

Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

[Dec 22, 2022 6:30 AM] Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent…

Kadena CEO Stuart Popejoy on blockchain design: proof of work is a feature, not a flaw

[Dec 16, 2022 3:45 PM] The former JPMorgan executive shared how he learned to love crypto and why the Kadena is not letting go of its firm embrace of proof of work.

Kentucky to scrutinize contracts offering cheaper electricity to miners

[Dec 5, 2022 8:28 PM] The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents.

Proof-Of-Work Is The Only Viable Form Of Consensus

[Dec 3, 2022 8:00 PM] Bitcoin’s consensus mechanism ensures that work needs to be done in order for transactions to confirm and secures bitcoin in the fairest manner.This is an opinion editorial by Pierre Gildenhuys, the co-founder of a Hong Kong-based social…

Greenpeace: Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change

[Nov 22, 2022 3:30 AM] Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that…

Is GPU mining profitable after the Ethereum Merge?

[Nov 14, 2022 10:10 AM] The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network.

The Problem With Money, And The Solution Explained

[Nov 10, 2022 8:50 PM] Bitcoin is sound money because the blockchain makes its ledger tamper-evident, while proof-of-work ensures the blockchain is tamper-proof.This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy.The ProblemTo…