Bitcoin 2 is a scalable Bitcoin 1:1 fork with private transactions and instant verified payments. Open source - Anonymous - Fast - Proof of Stake algorithm. All Bitcoin holders as of block 507850 (~February 5, 2018) got Bitcoin 2 on a 1 for 1 basis earlier.
We are creating a better way for people to find odd jobs across the world. Masternode with a purpose There is a huge demand for people looking for short term jobs. While there is a huge demand, there are no reliable resources for people to find these jobs. We have worked hard to develop the perfect way for people to connect with each other in order to reliably, and safely, find new jobs across the world. We have made our coin rewards reflect a high profitability model. With this model if people decide to transfer their coins onto an exchange, it won't completely de-value of the coin since the masternode collateral requirement will help offset dumping. Website White Paper Discord BitcoinTalk MasternodesOnline Telegram
Bitcoin Green: The Sustainable, Proof-of-Stake Bitcoin
Proof of Work is a big problem. Bitcoin Green (BITG) is a sustainable cryptocurrency modeled after Satoshi Nakamoto’s vision for Bitcoin. It is a decentralized, peer-to-peer transactional currency designed to offer a solution to the problematic exponential increase in energy consumed by Bitcoin and other proof-of-work currencies. Proof-of-work mining is environmentally unsustainable due to the electricity used by high-powered mining hardware. Bitcoin Green utilizes an energy efficient proof-of-stake algorithm, can be mined on any computer, and will never require specialized mining equipment. The Green Protocol offers a simple solution to Bitcoin sustainability issues and provides a faster, more scalable blockchain that is better suited for daily transactional use. Website White Paper Twitter Discord Telegram
I'm a huge fan of Ethereum and its developments. So I hope people don't think I'm trolling. But I'm real curious about the transition into Proof of Stake. Most of the Bitcoin people I talk to insist that Proof of Stake cannot work, and they have various reasoning. Namely this document is being linked now as evidence PoS cannot work. I wonder what does the Ethereum team think about the objections raised in that paper, and how will Ethereum avoid those pitfalls.
Is the Blocksize Deadlock a Good Opportunity to Launch a Larger-Block Proof-of-Stake Bitcoin Fork?
As a caveat, I'm not necessarily arguing that PoS itself is a good idea (or even necessarily something that works theoretically). Bitcoin already has years of initial distribution. Eliminating miners from the equation sidesteps a lot of the centralization concerns regarding bigger blocks (though obviously nothing to do with validation), and circumvents an entire class of economic actor who may have self-interests that do not necessarily align with the userbase. If full nodes are to take on greater storage and bandwidth costs, does it make some sense to explore the possibility that these full nodes should replace miners as stakers? Just some hypothetical things to think about and discuss, if you come rushing in flaming how stupid I am, you're missing the point.
Hey all, Sorry for the bad title, I am still new to crypto and was not sure how to word this. What I am asking is there a crypto that is like Gen 1 crypto (only used as a value of money, no smart contracts) that does not use proof of word but proof of stake? I’m asking because I would not mind making some interest from holding and another because I do really believe in a greener tomorrow, and the power usage that Bitcoin uses from mining is a concern of mine. Thanks!
What are the thoughts of bitcoin devs on Proof-of-Stake ?
Are they completely against the idea and have rejected it ? Or is it something that is part of the discussion. With various implementation coming and being analyzed ? Edit: I am not a proponent of POS, but am very bullish on bitcoin. Edit2 : The reason I am looking for bitcoin devs opinion, is that reading the wiki https://en.bitcoin.it/wiki/Proof_of_Stake suggests that the thing is faar more technical and complicated than what most people on reddit seem to feel.
**DOLLERO NEWS** Will Bitcoin follow Ethereum and go to Proof-of-Stake?...Quite a controversial view, which is not common in the cryptocurrency world. Will Bitcoin move to the Proof-of-Stake in the future or is such a step impossible? 🧐❓ more in the article... ⠀ #dollero #news #cryptonews #crypto
With Proof of Stake (POS), Bitcoin miners can mine or validate block transactions based on the amount of Bitcoin a miner holds. Proof of Stake (POS) was created as an alternative to Proof of Work With Proof of Work, the probability of mining a block depends on the work done by the miner (e.g. CPU/GPU cycles spent checking hashes). With Proof of Stake, the resource that's compared is the amount of Bitcoin a miner holds - someone holding 1% of the Bitcoin can mine 1% of the "Proof of Stake blocks". Delegated Proof of Stake is the brainchild of Dan Larimer, the creator of Bitshares. Bitshares was established in 2014 and has a fairly active community. Dan saw the possibility of mining centralization in Bitcoin and the potential environmental impact of Proof of Work. He argues that DPoS has the following benefits over traditional PoW and PoS Bitcoin proof of stake consensus - Bitcoin PoS a Peer-to-Peer Electronic Cash System. BitcoinPoS brings a number of benefits making the overall network performance more rewarding, faster, and facilitates real-life digital currency payments. – Proof-of-stake has widespread support among many industry experts, and should allow better sustainability . The concept of PoS Proof-of-stake (PoS) is a consensus algorithm for blockchain networks that is based on a randomly selected state of validators who “stake” the native network tokens by locking them into the blockchain to produce
Staking or Proof of Stake POS is where you hold a POS cryptocurrency either in a wallet or on an exchanges wallet and get paid for it. There's a little more involved behind the scenes but in a ... Three Things Are Certain in Life: Death, Taxes, and Bitcoin - Robert Kiyosaki and Robert Breedlove - Duration: 41:45. The Rich Dad Channel 46,068 views. New This short video explains the concepts of Proof of Work (POW) and Proof of Stake (POS) in the Bitcoin terminology. For the complete text guide visit: Bitcoin Proof of Stake - BitcoinPoS - BPS https://www.bitcoinpos.net Bitcoin - Proof of Stake Virtual Mining - Duration: 8:07. intrigano 31,661 views. 8:07. Astro-Camera and Binning: What does it do? And how does it work? - Duration: 20:15.