proof of work

Why Proof-of-Capacity could be the future of cryptocurrency

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Most people by now have learned the basics of cryptography-based digital currency, aka “cryptocurrency”, such as Bitcoin BTC. You may even already know that they run on a newly decentralized ledger called a blockchain. All of this still leaves the most common question about cryptocurrency unanswered: Where does the value come from? It may seem […]

MinerGate Mining Tip – #2

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Two types of coins there are – Minable and Pre-Mined. Mineable coins are using the proof-of-work (PoW) consensus algorithm to generate new blocks, with the Proof-of-Stake (PoS), the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Basically, PoW coins are ones that can be […]

DigitalNote XDN – A Promising Cryptocurrency for Mining in 2018

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DigitalNote’s XDN price skyrocketed during the past few weeks to record a 1000% increase in market cap in less than 3 weeks. Interestingly, it seems that DigitalNote has the potential to grow even more in 2018 for a myriad of reasons, especially that bitcoin’s transaction fees have become inappropriately high rendering bitcoin for the first […]

The Battle Between PoW, PoS and Other Beasts

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When you think about Bitcoin (BTC), probably the first thing that comes to mind is mining. It’s probably the most spectacular transformation of a word in result of technological progress. From “a person who digs for gold in tunnels” it transformed into “a person who uses a computer to discover blocks, which will bring rewards most […]