Neo-rock Posted July 6, 2018 #1 Posted July 6, 2018 The process of mining has been explaind which gained big boost. A long-controversial bid to change bitcoin just got a big boost. Boasting the support of tenured developers, a non-profit foundation called PoWx launched this week with the goal of putting a more sophisticated wrapper on the idea that proof-of-work (PoW), the way the network comes to agreement on which transactions are valid, could be replaced with a newer, supposedly better, algorithm. The mining hardware is about 50 to 80% .where there are many number of mining attack has been faced nowdays so to avoid it an extreme step has been taken
Kate Posted July 7, 2018 #2 Posted July 7, 2018 Good to hear the more security that has been implemented in the mining area of crypto. Hopefully the algorithm will be replaced with more secure ones !
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