Category Cryptocurrency

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Bitcoin Needs To Change For Its Ethos To Scale

This is an opinion editorial by Michael Matulef, an electrician, independent student of Austrian economics and member of the Mises Institute. Bitcoin needs to change! In the realm of Bitcoin heresy, before you prepare to hang me from the gallows…

What Is Proof Of Work? And How Does it Work?

Introduction Bitcoin miners collect and broadcast transactions in a block and verify their validity. Then they apply a cryptographic hash function of the previous block’s header to the new block. Finally, they try to solve the proof-of-work problem. Satoshi Nakamoto…

What Is Proof Of Stake? And How Does It Work?

Introduction In a blockchain network where participants remain anonymous, a dependable coordination mechanism is essential. The “proof” acts as confirmation that a participant has met the requirements to validate a block of transactions, signifying their good-faith participation. One such consensus…

Things Are Brewing In Prague

This is an opinion editorial by Joakim Book, a research fellow at the American Institute for Economic Research and contributor to HumanProgress.org and the Mises Institute. The first thing that met attendees when entering the venue at BTC Prague’s inaugural…