– Advertisement – The IOG has introduced a new protocol to reduce PoW’s energy waste. Cardano’s research and development company, Input Output Global (IOG), has introduced a new consensu...
Tag: ProofofWork
Circle Says Its USDC Stablecoin Won’t Support Ethereum Proof-of-Work Hardfork
The top two stablecoin issuers – Circle and Tether – have distanced themselves from any hardfork in Ethereum. They said that they will continue to support the PoS transition of Ethereum. As the Ethere...
Circle’s USDC Will Fully Support Ethereum’s Proof-of-Stake Over A Proof-of-Work Fork
Advertisement     Circle says it will fully support Ethereum’s transition to Proof-of-Stake amid reports of a fork. The stablecoin issuer says supporting the Merge mea...
Ethereum Proof-of-Work Fork (ETHPOW) Driven By Miners To Abolish EIP-1559
– Advertisement – EIP-1559 will be abolished in the Ethereum proof-of-work (PoW) fork. In a lengthy Twitter thread touted as the Ethereum PoW manifesto, the parties pushing for the Ether...
Potential Ethereum proof-of-work fork unlikely to succeed, says Vitalik Buterin
The potential upcoming Ethereum proof-of-work fork is unlikely to have substantial long-term adoption, according to Ethereum co-founder Vitalik Buterin. The idea of a fork gained traction over the pas...
Ethereum Proof-of-work Fork Proposal is “a Retail Trap,” Researchers Say
All EVM-compatible layer-1 networks such as Avalanche’s C-chain and Polygon’s PoS chain forked the open-source Ethereum client software, but not the transaction history Miners and a few exchanges stan...
Ethereum’s 2nd-largest mining pool acknowledges ETH Proof-of-Work era ‘is at its end’
As the Ethereum (ETH) network prepares to transition to the Proof-of-Stake (PoS) protocol, part of the crypto industry’s focus is on miners and their next move. In this line, crypto miners are conside...
Chainlink says it will not support Ethereum’s proof-of-work forks ahead of Merge
As the Ethereum (ETH) network prepares for the rapidly approaching Merge upgrade that will mark its transition to the Proof-of-Stake (PoS) validation algorithm, major players in the cryptocurrency sec...
Justin Sun’s Poloniex Will Support Ethereum Proof-of-Work Fork
Last week Chandler Guo, a prominent Chinese crypto miner, announced his intention to resist the Ethereum “merge” by forking the Ethereum blockchain and creating a spinoff proof-of-work version of the ...
Justin Sun’s Poloniex supports Ethereum proof-of-work hard fork
Justin Sun, Tron’s (TRX) founder, has revealed support for Ethereum’s (ETH) proof-of-work (PoW) hard fork. In an August 4 tweet, Sun said he would donate some coins to the forked Ethereum PoW communit...
Top Ethereum Miner Push For Proof-of-Work Protocol As Countdown To The Merge Approaches – crypto.news
Chandler Guo, a key crypto miner and investor on the Ethereum network, wants to fork Ethereum as the network plans to shift to the Proof-of-Stake (PoS) protocol. The aim is to allow miners to continue...
As the Ethereum merge approaches, a key miner is pushing a proof-of-work fork
As Ethereum inches closer to its switch to proof-of-stake consensus — the long-awaited shift known as “the merge” — the community is facing the possibility of a miner-led fork that will sp...
Ethereum Founder Vitalik Buterin Says Lovers Of Proof-of-Work Are Always Welcome To Migrate To Classic ETH Chain
– Advertisement – Buterin says lovers of PoW can always move to Ethereum Classic. Vitalik Buterin, in a speech at the EthCC event in Paris on July 21, as the Ethereum migration to Proof-of...
Vitalik Buterin Hits Out Against Proof-Of-Work Supporters Over This
Vitalik Buterin, the founder of Ethereum, took to Twitter to respond to allegations against Proof-Of-Stake. Nick Payton, a self-claimed Bitcoiner, claimed that Ethereum and Proof-of-Stake blockchains ...
Ton Coin Moves Ahead Towards Transition To Proof-Of-Work After Its Final TON Was Mined
The final TON was mined on June 28 marking the transition of ton coin to the proof-of-stake(PoS) model from proof-of-work (PoW). The TON blockchain was powered by the TON blockchain. However, the init...
Buterin is against the ban on Proof-of-Work
Vitalik Buterin conveys analysis on the PoW boycott The post zeroed in on the public authority’s impact over what code can be composed ETH Price at the time of writing – $1,871.36 The prime supporter ...
Eyes on New York Governor Kathy Hochul After State Lawmakers Pass Moratorium on Proof-of-Work Crypto Mining
A bill that would create a moratorium on proof-of-work crypto mining has been approved by the New York State Senate and is now on its way to Governor Kathy Hochul’s desk to be potentially signed into ...
New York Senate passes moratorium on proof-of-work mining
advertisement The New York Senate this morning passed a bill that imposes a moratorium on new proof-of-work crypto mining operations in the state. The news means that all new proof-of-work mining oper...
New York imposes a ban on proof-of-work Bitcoin mining
The state of New York has approved a controversial ban on proof-of-work mining. The bill will impose a ban on any new Bitcoin mining activities in the state. Under this bill, New York will be in the s...
Hacash.Diamonds partners with Neo to mint, promote Proof-of-Work NFTs
Hacash Diamonds (HACD) and Neo blockchain have announced a partnership to promote proof of work consensus in non-fungible tokens. HACD is a first of its kind PoW NFT with the goal of becoming a store...
New York Passes Bill To Ban Proof-Of-Work Crypto Mining
The New York State Assembly has passed a bill that would ban all new proof-of-work (PoW) cryptocurrency mining for two years. The bill was sponsored by Anna Kelles and will be brought to the State Sen...
The New China: Is New York Actually Going To Ban Proof-Of-Work Mining?
The state of New York is about to shoot itself in the foot yet again. First, the infamous BitLicense drew all cryptocurrency companies away and now they’re considering banning Proof-Of-Work mining. Or...
23 Congressional Democrats Call for Investigating Proof-of-Work Facilities
Proof-of-work (PoW) protocols have been under fire for years due to their massive energy consumption – particularly hurting the battle against climate change. The latest censure against the mining ind...
Ethereum Proof of Stake vs. Proof-of-Work: What is a better consensus mechanism?
Ethereum is moving to a consensus mechanism called Ethereum Proof-of-Stake (PoS) from Proof-of-Work (PoW). This development was always the plan as it’s a key part of the community’s strategy to scale ...
Mozilla to Reinstate Crypto Donations — Organization Will Not Accept Proof-of-Work Cryptocurrencies – Bitcoin News
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...
EU lawmakers oppose a ban on proof-of-work cryptocurrencies
The European Union will be moving ahead with the proposed Markets in Crypto Assets (MiCA) legislation. However, the legislation will not include a ban on proof-of-work mining. Proof-of-work is a conse...
“Optical proof-of-work” would reduce bitcoin’s energy demand and improve geographic distribution of hashrate, proponents argue
Simply shifting the cost curve to up-front cost might lead to the exact opposite centralization problem. Instead of most bitcoin mining ending up near cheap, abundant energy sources that popped up in ...
EU May Revive Down Voted Proof-Of-Work (PoW) Ban This Week
European lawmakers successfully voted against a proposed ban on proof-of-work (PoW) cryptocurrencies last week. But as per regional law, the proposal could be revived this week to face a second round ...
EU Parliament Committee Rejects Proposal to Limit Proof-of-Work Crypto
The European Parliament’s Economic and Monetary Affairs Committee voted Monday, a move that quashed the ban on the popular cryptocurrency Bitcoin across the European Union (EU). The committee voted a...
European Commission Rejects Proof-of-Work Ban
The Commission for Economic Policy (ECON) of the European Parliament just voted against a Proof-of-Work (PoW) ban on cryptocurrency mining. In the vote, 32 members voted against and 24 voted in favor ...
EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets – Regulation Bitcoin News
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by Euro...
European Parliament Votes Against Proof-of-Work Ban
Key Takeaways The Economic and Monetary Affairs Committee of the European Parliament has voted against a proposal that could have led to a ban on Proof-of-Work mining. The proposal formed part of a re...