Proof-of-Work Archives

Tag: Proof-of-Work

Education

Pure Proof of Stake – An Explainer

July 28, 2020 by James Woods 0 comments

Soon, the much-anticipated Ethereum 2.0 implementation will go live. The first phase will involve an upgrade from the existing power-hungry Proof of Work consensus, to the more efficient Proof of Stake. Like Ethereum itself, Proof of Stake has stood the test of time, having first emerged in 2012 as it […]

Crypto

Can NFC Chips Help Secure Proof-of-Work Systems?

May 4, 2020 by JP Buntinx 0 comments

The mining of cryptocurrencies is often considered to be a wasteful effort. That being said, there is an option to maintain Proof-of-Work by utilizing NFC chips found in modern passports. Securing a blockchain often requires some sort of “work” to be done. Proof-of-Work With NFC Chips? In the Bitcoin world, […]