Tag Archives: Proof-of-Stake

Blockchain

Proof-of-time vs proof-of-stake: How the two algorithms compare

Posted on by admin
23
Jul

Blockchains use consensus algorithms to choose who gets to verify transactions on the network — what are the differences between the two? Consensus algorithms are processes where validators (also known as nodes or miners) within a blockchain network agree on the current state of the network. This mainly entails agreeing on whether a transaction submitted […]

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Coin

Major Bitcoin & Crypto Companies Warn of ‘Extreme’ Risk in Proof-of-Stake Systems

Posted on by admin
04
May

The risk of corporate capture is extreme in proof-of-stake (PoS) systems as PoS transforms novel financial systems into pure plutocracies; dozens of US-based high-profile companies warned in a letter to the US Environmental Protection Agency. The companies were firing back at the attack by Congressman Jared Huffman who recently described Bitcoin (BTC) mining as something […]

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