NiKoLaI

Unlike in a centralized system where a few people of influence can conspire to twist the truth, if a miner behaves dishonestly, their block will be rejected and this dishonest actor will have wasted time and incurred hefty electricity costs in the process.


This is what makes PoW so secure: The combined computational power required for an individual to compromise a well-established Proof of Work blockchain like Bitcoin or Ethereum is too cost-prohibitive. Maybe if an attacker ...

Tags: btc, eth 2, ethereum 2, pos, pow, vitalik buterin

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ETH 2.0 – Exploring The Phases of ETH 2.0

Since Ethereum first went live in July 2015, developers have stayed the course to improve it consistently. And in comparison to other upgrades over the years, the upcoming phasing in of ETH 2.0 will introduce two significant improvements: Proof of Stake (PoS) and Shard Chains. The shift in the underlying consensus mechanism away from the existing Proof of Work architecture will improve scalability, accessibility, economic incentives, energy ...

Tags: btc, eth, eth 2, exploring eth 2.0, ltc, pow, proof of work, usdc, usdt

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Is Twitter Launching a Bitcoin Tip Jar? ₿

Less than two months after Jack Dorsey said Twitter would support Bitcoin payments, reports suggest a BTC Tip Jar is coming. A beta version of Apple’s iOS revealed that the addition of Bitcoin to the content creator-supporting tool is built on the Lightning Network. A fervent BTC supporter, Dorsey’s payments firm Square has embraced it too — allowing users to buy crypto on demand.

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Tags: btc, btc comes to twitter?, twitter

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