Proof of Work

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Proof-of-Stake is a Rebranded Version of the Old Financial System

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Over the last few years, there’s been a lot of projects, both public and private, that are attempting to create a next-generation blockchain or something better than Satoshi’s Bitcoin. A great majority of these projects have condemned proof-of-work (PoW) cryptocurrencies because they think they waste resources, and many of these new blockchains have chosen to … Read more

New Study Highlights the Many Positives of Bitcoin Mining

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It’s become fashionable in public circles to bash Bitcoin on account of its energy consumption. Virtually every week, mainstream media (MSM) attacks bitcoin mining, painting alarmist pictures of a planet burning due to the ‘wasteful’ design of Proof of Work. The reality is less cut-and-dried. Bitcoin’s defenders have been hitting back lately, with one new … Read more

The 2018 Year of Cryptocurrency Challenge – Week 26

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At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the twenty-fifth installment of my challenge. This week was fairly boring, but I guess that’s kind of part … Read more

Most Masternode Coins Are a Scam

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Long before Proof of Stake entered crypto consciousness, people were staking Proof of Work coins. In return for locking up a portion of tokens and running a masternode, you can earn verification rewards. Earning a passive income while helping to secure a network sounds as comfortable as it does noble. The reality, however, is that … Read more

PR: Mesmr – Revolutionary Decentralized Media Platform Announced

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os Angeles, CA (May 30, 2018) — mesmr™, the blockchain-based new media ecosystem, is announcing the creation of mesmr.tv, a media platform designed for content creators and their audiences. “mesmr was formed due to a lack of trust in today’s new media platforms. Our goal is to give everyone the power to unleash their creativity, … Read more

Proof of Work Coins on High Alert Following Spate of 51% Attacks

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First it happened to verge. $1.8m of cryptocurrency swiped in a matter of hours. Then to bitcoin gold, plundered in an $18m double spend attack. Then to verge again, this time to the tune of $1.7 million. Along the way, monacoin is also believed to have been hit. Someone is methodically working their way through … Read more

Verge Struck by Second PoW Attack in as Many Months

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Accident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low … Read more