The Ethereum Foundation’s plan to move from Proof-of-Work (PoW) to Proof-of-Stake (PoS) as a method of reaching consensus on the state of the distributed ledger has met with resistance from a group called the ETHW Core, which created the Ethereum PoW blockchain network. A hard fork of the original Ethereum (ETH) chain, Ethereum PoW uses PoW as a consensus method and therefore still depends on Ethereum miners to create new blocks and confirm transactions.Read More
Tag: Proof-of-Work POW
How does “Staking” cryptocurrencies work?
You have probably heard of staking if you have been interested in cryptocurrencies for a long time. Staking can be a complex or simple concept for you, depending on how you approach it, just like any other bitcoin topic. In any case, staking can be a reliable source of passive income in the world of cryptocurrencies, as every investor and trader knows.Read More
How to mine NEOXA on NVIDIA and AMD GPUs
Are you looking for a new coin with passive income in 2022, doing home cryptocurrency mining? Do you want to get an alternative coin with a low capitalization, but great potential? After the ETH 2.0 merger, are you looking for something to mine? Check out NEOXA, a brand new currency for miners who want to benefit from GPU mining in 2022.Read More
End of Ethereum mining on Proof-of-Work POW
A group of programmers led by a Canadian engineer Vitalik Buterin has developed the ETH cryptocurrency. The second largest cryptocurrency market in terms of market capitalization is Ethereum, and the coin is considered the most advanced digital asset. Compared to other blockchains using PoW consensus, transactions on the Ethereum network are processed much faster. But flexibility in using automated algorithms is the most significant advantage of Ethereum (smart contracts). It is mined only on video cards. Nevertheless, in the world of cryptocurrencies, there is an opinion that mining on the Ethereum GPU is coming to its end. The end of Ethereum mining is unknown. The transition of the network from the Proof-of-Work consensus mechanism to the Proof-of-Stake algorithm will largely determine the solution of this issue.Read More