Tag: Bitcoin POS

Bitcoin Proof of Stake

Bitcoin Proof of Stake: BitcoinPoS – BPS

The Bitcoin core network today runs on the proof of work algorithm. It leaves the network open to the 51% attack, also it is costly to mine and harmful for the environment. The PoW mechanism has also been a hindrance to scalability. However, numerous innovations are trying to deal with the issues, facing the Bitcoin…
Read more

Bitcoin Proof of Stake

Recent Developments within BitcoinPoS

There have been several developments within the Bitcoin Proof of Stake community. The first one is an upgrade to the wallet. Upgrading to the Bitcoin PoS Core 0.20.0 is mandatory. The wallet can be accessed on GitHub. It comes with Bitcoin Core 0.20.0 integration. Core wallet upgrade The 0.20.0 version is the 20th upgrade of…
Read more

EcoDollar

EcoDollar: A Decentralized Cryptocurrency Supporting Green Planet Initiative

The traditional banking and financial systems have failed us time-and-again still offering rudimentary solutions despite a massive breakthrough in internet technology over the last two decades. As a result, decentralized cryptocurrencies free from government and regulatory intervention are seeing a lot of demand. Over the last decade since the inception of Crypto Currencies, cryptocurrencies have…
Read more

Bitcoin Proof-of-Stake

Bitcoin Proof-of-Stake: A Peer To Peer Electronic Cash System Reducing Miner Dependability

Bitcoin has been here for more than a decade and continues to dominate nearly 66% of the overall cryptocurrency market. However, the proof-of-work (PoW) consensus mechanism for Bitcoin core blockchain makes it susceptible to complete miner domination through 51% attacks. Besides, the latest Bitcoin halving has reduced miner rewards while increasing the network complexity which…
Read more