Ripple co-founder thinks Bitcoin should move away from proof-of-work

Ripple co-founder thinks Bitcoin should move away from proof-of-work

Bitcoin code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued.In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin (BTC) should consider a code change to carbon-neutral...

Bitcoin dominance is about to drop below 50% for the first time in 3 years

Bitcoin dominance is about to drop below 50% for the first time in 3 years

Bitcoin (BTC) revisited recent lows near $52,000 on Thursday as sustained weakness continued for the largest cryptocurrency.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders await altcoin “magic”Cointelegraph Markets Pro and TradingView revealed a lackluster day for BTC traders as BTC/USD briefly dipped below $53,000 before stabilizing around $1,000 higher. The move came as...

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