Proof of Stake

Securities and Exchange Commission (SEC) Chairman Gary Gensler had some chilling comments for proof of stake cryptocurrency issuers on Thursday. The chairman suggested that a proof of stake (POS) consensus mechanism can bring a given cryptocurrency closer to security status. Thus, it would compel the project to operate under the commission’s laws and jurisdiction.  Bad News for Ethereum? The chairman reportedly shared his thoughts on POS cryptocurrencies with reporters after a congressional hearing. They would also coincide with the day…

Cardano is a blockchain platform with unique features, including the ability to execute smart contracts and decentralized applications. Cardano also uses a proof-of-stake algorithm called Ouroboros, which allows users to stake their tokens to receive rewards. In such a context, the Flowr project has emerged on the market panorama. This initiative designed a competitive ecosystem allowing Cardano investors to stake their ADA coins in a new way. Today’s review will look into Flowr, from its purpose to its architecture. This…

Mozilla – the non-profit behind the Firefox browser – has revised its crypto donation policy following backlash online about the technology’s energy use. Now, it will continue to accept some cryptos, but refuse Bitcoin and other proof of work cryptocurrencies. Proof of work (POW) cryptos require electricity/ computing power for users to compete to construct a block of transactions. By contrast, proof of stake (POS) cryptocurrencies make users stake their crypto holdings for the right to create a block. This…

A prominent crypto figurehead thinks Bitcoin needs proof-of-stake to stay afloat. The precise opposite is true.     Ben Armstrong  – a crypto investor and YouTuber of over 1.45M subscribers – had a bold take for Bitcoiners this Sunday. As stated to his 792k Twitter followers, he predicted the premier blockchain would “have to change” from using proof-of-work (POW). The creator claimed that an ever-growing environmental lobby would eventually get “too loud” for the mining industry to persist. Meanwhile, he cited…

Solana's ecosystem is getting a significant upgrade - for mobile. The Ethereum-like ecosystem that powers smart contracts will get a much-needed upgrade. Thanks to two significant players expanding into the space, the system will be easier to interact with on mobile. Recently, Phantom, a browser-based wallet, announced releasing an app for Android and Apple users. Developers said that that they will release a private beta of the app "around the holidays." They are planning to release the full launch in…

Ether reached its all-time high as crypto surged on new developments in the DeFi space. The second-largest crypto has reached an all-time high of over $4,700. Other major cryptocurrencies were up as well. Bitcoin was up 8% over the last week to $66,000. Many investors believe it will soon reach its all-time high of $67,000. Binance Coin surged almost 20% to $649, and Solana was up 23% to $250 over the last week. Ether was up just under 11% in…

Exchange of value has never been this easy. Algorand is among the first crypto projects to integrate DeFi protocols with the traditional financial modules. The platform plans to introduce revolutionary financial products that could improve the basic economic modules in the Fintech industry. And, the Pure Proof of Stake mechanism is at the center of the project. In its very acclaimed blockchain, Algorand is a project touted to kill Ethereum. As the title suggests, the platform has numerous unrealized potentials, game-changer…

Money oversees most activities individuals intend to fulfill in their daily lives. A government can regulate fiat currencies by taking coins or paper money as legal payment tools. Cryptocurrencies began to feature in the market more than a decade ago to replace the traditional financial system with an advanced mode of transacting. Despite uplifting most users' lives and living standards, digital and fiat currencies portray specific impacts in the global environment. Generally, the environmental conservation topic surrounds common natural causes.…

Ethereum was launched on 30th July 2015 to provide a network like bitcoin while focusing on decentralized solutions. It's currently the second-largest cryptocurrency by market cap and also a highly volatile asset. Recently, Ethereum rose in value to over $4k, although it later dropped by half. Generally, Etherum is one of the most lucrative crypto investment opportunities of our day. However, after it launched, the Ethereum network began noticing many issues, including slow-speed transactions. So, after several years of inefficiency…