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London fork enters testnet on Ethereum as difficulty bomb sees delay
3.7.2021
As Ethereum’s London upgrade launches on the Ropsten testnet, mainnet anticipation for stakers and miners increases
Bitcoin Cash ABC rebrands to ‘eCash’, embraces proof-of-stake — and 2 decimal places
2.7.2021
Bitcoin Cash ABC has rebranded to “eCash,” redenominated its token, and launched a proof-of-stake consensus layer
JPMorgan report: Eth2 could kick-start $40B staking industry by 2025
2.7.2021
CEO Jamie Dimon may not support crypto, but two JPMorgan analysts say proof-of-stake coin yields are attractive investments in this zero-rate environment
3 reasons why analysts are turning bullish on Curve Finance (CRV)
1.7.2021
Attractive yields for stakers, protocol revenue and competition among DeFi protocols have analysts pointing to a bullish long-term view for Curve Finance
Ethereum 2.0 approaches 6 million staked ETH milestone
30.6.2021
ETH 2.0 now has 10x more staked Ether to power its proof-of-stake mechanism than the Ethereum Foundation required at launch six months ago
Infinity Nodes: Proof-of-Burn Time-Variant Reward System for Data Storage
30.6.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
In June 2019, SINOVATE released the first-of-its-kind technological feature which exploits the power of the Proof-of-Burn (PoB) mechanism called Infinity Nodes. In 2020, the AURORA release pushed...
China crackdown shows industrial Bitcoin mining a problem for decentralization
30.6.2021
The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation
Myriad Proof-of-Work Blockchains See Significant Hashrate Losses
29.6.2021
While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable...
Three Ethereum Testnets Are Transitioning to the Highly Anticipated London Upgrade
22.6.2021
According to a blog post on the Ethereum Foundation’s website, three Ethereum testnets leveraging the London hard fork will go live during the next few weeks. Ethereum core developer Tim Beiko explained last Friday that the “upgrade will first go live on Ropsten, at block 10499401...
Senator Warren Calls Out Bitcoin’s Energy Consumption — Bitcoiners Bite Back
10.6.2021
U.S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. Warren also thinks cryptocurrencies are...
Arrington Capital to back Algorand projects with $100M growth fund
10.6.2021
“The Arrington Algorand Growth Fund represents yet another key strategic pillar in supporting the momentum of those building on top of what we think is the best technical platform for regulated DeFi and the future of finance,” said Sean Ford, COO of Algorand
Solana Aims to Raise $450 Million to Battle Ethereum Supremacy
8.6.2021
Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy...
'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players
5.6.2021
In crypto, consensus often results in controversy. Sure, consensus mechanisms themselves obviously result in agreement concerning transactions, yet when it comes to picking the ideal mechanism for a particular chain or cryptoasset, the crypto community as a whole is very often in disagreement.
One...
Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout
3.6.2021
The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long...
Even Vitalik Buterin is surprised at just how long Eth2 is taking
2.6.2021
Ethereum co-founder cites people problems as one of the obstacles to progress
Vitalik argues that proof-of-stake is a 'solution' to Ethereum’s environmental woes
28.5.2021
The stakes are high for the chain to transition, as those that don't risk getting 'left behind.'
How Pocketnet & Pocketcoin (PKOIN) Are Set to Change the Internet Forever With Crypto & P2P Tech
28.5.2021
Pocketnet is a fundamentally new way to build a social media platform powered by the cryptocurrency Pocketcoin (PKOIN). It is a mix of traditional social media platforms and Bitcoin with some cutting-edge new features, such as the ability to auction off your content through NFT-Scarce. Pocketcoin...
Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin
27.5.2021
On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative...
Can blockchain ever be part of the solution for tackling climate change?
25.5.2021
Because of Bitcoin, blockchain’s impact on the climate has come into sharp focus. But can this technology actually be part of the solution for saving the environment?
Polygon to Democratize NFT Interactions by Improving Approachability
19.5.2021
To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More...