Proof Of Work Superior For Bitcoin

[ad_1] There have been countless arguments surrounding both the proof-of-work (PoW) and proof-of-stake (PoS) as a means of gaining consensus on a blockchain network. Many people have been asking themselves which one is better, and why? In this article, I’ll go over some of the main benefits and drawbacks of each consensus mechanism. Let’s dive in. What Is Proof-Of-Work (PoW)? Proof-of-work is a decentralized consensus mechanism first introduced by Bitcoin (BTC). We will use the Bitcoin network as an example to understand the proof-of-work consensus mechanism. The Bitcoin network essentially…

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Academic research claims ETH is a ‘superior’ store of value to Bitcoin

[ad_1] Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.” A Nov. 18 paper by four Australian researchers discusses how the EIP-1559 upgrade makes ETH a potentially better store of value. The research comes was coauthored by Ester Félez-Viñas from the University of Technology Sydney, Sean Foley from Macquarie University, Jonathan Karlsen from the University of Western Australia, and Jiri Svec from the University of Sydney. Ethereum’s EIP-1559 upgrade in August saw…

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Bitcoin Is Superior To Gold

[ad_1] Alexander Vasiliev is the co-founder and CCO of the global payment network Mercuryo. Ever since bitcoin began to grow in popularity, many people have come to call it “digital gold.” And for valid reasons. While the cryptocurrency’s anonymous creator, Satoshi Nakamoto, originally intended bitcoin to function as a peer-to-peer (P2P) electronic cash system, BTC also possesses excellent store of value and safe-haven asset qualities. Gold has similar store of value properties, with many conservative investors considering the precious metal one of the safest traditional investment instruments on the market. There’s…

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