Bitcoin’s Proof-of-Work Can Be Made More Efficient, IBM Research Claims

Proof-of-work (PoW), the consensus mechanism that secures bitcoin and numerous other cryptocurrency blockchains, has given the technology a reputation for hogging energy. Indeed, a commonly advanced argument is that an army of specialized computers all racing to solve some arbitrary math problem can wind up using as much electricity as a small country. However, scientists from […]

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Polkadot’s Radical Plan for Governing a Blockchain of Blockchains

Who has the authority to change a public blockchain? It’s a question that has been in the minds of top cryptocurrency developers as the many available networks struggle to serve their diverse, often conflicting stakeholders. But that’s not to say there aren’t norms and best practices – the ability to make and enforce software changes […]

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