coinsranks - Saturday, September 24th, 2022 Comments Off on Bitcoin Gold
Bitcoin Gold forked from the original cryptocurrency on Oct. 24, 2017. Hard forks are a frequent occurrence in the world of cryptocurrency, especially as the number of users increases and developer disagreement and goals arise. Bitcoin Gold’s primary goal has been to “restore bitcoin’s decentralization.” One of the most talked about bitcoin forks was Bitcoin Continue Reading
What Is Proof of Work (PoW)?
coinsranks - Monday, September 5th, 2022 Comments Off on What Is Proof of Work (PoW)?
The concept of proof-of-work (PoW) refers to a system that requires a considerable amount of work but is also feasible, such as sending spam emails or launching denial-of-service assaults. The idea of reusablenreusable proof of work using the SHA-256 hashing algorithm was later adapted by Hal Finney in 2004 to secure digital cash utilizing the Continue Reading