Proof Of Work

Kaspa (CRYPTO: KAS) shot up to become the market's biggest gainer Wednesday after Bitcoin (CRYPTO: BTC) mining giant Marathon Digital Holdings Inc. (NASDAQ:MARA) revealed mining the proof-of-work (PoW) cryptocurrency to diversify its revenue. What Happened: Kaspa soared 11% in the last 24 hours,...

United States Space Force Major Jason Lowery has penned a four-page letter to the U.S. Defense Innovation Board, which states that proof-of-work technologies like Bitcoin (CRYPTO: BTC) have the "potential to significantly reshape our understanding of warfare in the cyber domain." What Happened:...

MicroStrategy (NASDAQ: MSTR) founder Michael Saylor believes that the cryptocurrency landscape is poised for a seismic shift toward a Bitcoin (CRYPTO: BTC) centric model. The world's largest cryptocurrency stands alone as an institutional-grade asset, and regulatory dynamics suggest the...

Ethereum Proof of Work (CRYPTO: ETHW) is up 22%, making it the highest performer on CoinMarketCap's daily gainers' list. What Happened: At the time of writing, Ethereum (CRYPTO: ETH) was trading at $1,272, down 1.15%. Apex crypto Bitcoin (CRYPTO: BTC) was trading below the $17,000 mark,...

Despite Bitcoin’s (CRYPTO: BTC) popularity as the world’s most popular cryptocurrency and one having the highest market capitalization, Ethereum (CRYPTO: ETH) is far more critical to the ongoing development of the Web3 ecosystem. Ever since smart contracts started gaining traction for...

The pioneering cryptocurrency Bitcoin (CRYPTO: BTC), which still dominates the market today, has encountered several difficulties along the road, with the most pertaining to its proof-of-work (PoW) mining consensus and the subsequent environmental effect. One of the most talked-about...

Mining cryptocurrencies consumes a great amount of energy. In an effort to make the adoption of cryptos more sustainable, the European Commission (EC) is developing the a framework to encourage "the most energy-efficient versions of the technology." What Happened: By developing a standard...

With Ethereum (CRYPTO: ETH) successfully completing its Merge to proof of stake, a new blockchain has earned the rank of the second-largest proof of work blockchain.  What Happened: Ethereum officially transition to a PoS network, marking an end to mining ETH, on Thursday....

The Ethereum (CRYPTO: ETH) 'Merge' is scheduled to take place early Thursday morning (Sept. 15), somewhere between 1:00 AM and 2:00 AM EDT.  The event will be a culmination of years of work conducted by Ethereum’s core developers. After a number of postponements, the...

Contrary to what some believe, the Etheruem (CRYPTO: ETH) Merge event will not reduce gas fees or speed up transactions. What Happened: As The Merge approaches, the Ethereum Foundation uploaded a note addressing some misconceptions associated with the network’s...

The team behind a proposed fork of the Ethereum (CRYPTO: ETH) blockchain to retain its Proof-of-Work (PoW) mining consensus has advised users to withdraw their ETH from DeFi protocols and decentralized exchanges (DEXes). What Happened: In a series of tweets on Tuesday, the ...

ETHW — a token pertaining to a proposed hard fork of the Ethereum (CRYPTO: ETH) blockchain — has lost 53% of its value in seven days. What Happened: EthereumPoW or ETHW began trading as an IOU token on several cryptocurrency exchanges last week. The token gained...

The highly-anticipated Merge event on the Ethereum (CRYPTO: ETH) blockchain has been moved ahead by four days. What Happened: Ethereum developer Angsar Dietrichs announced that the ETH developers had decided to bring forward the scheduled date of the merge from Sept. 19 to...

Ethereum Classic (CRYPTO: ETC) rallied to an intra-day high of $42.29 on Thursday, liquidating $9 million worth of short positions.  What Happened: ETC surged 10% over 24 hours, reclaiming a one-month high, according to data from Benzinga Pro. ETC was up 9.31% against ...

Ethereum (CRYPTO: ETH) has been recently outperforming leading cryptocurrency Bitcoin (CRYPTO: BTC) as investors hope that a network upgrade will soon make the coin a deflationary asset. What Happened: As of press time, market data reveals that Ethereum's price increased by...