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Tag: proof of work

Zuckerberg announces his global currency project

June 18, 2019 0 comments

Facebook has released details of its long-awaited cryptocurrency, stating its ambition to provide the first global medium of exchange. The company’s CEO, Mark Zuckerberg, seems to be hoping that digital […]

Can bitcoin live on fees alone?

January 24, 2019 0 comments

A new Bank for International Settlements (BIS) report has reignited the debate over cryptocurrencies’ long-term viability. In a research paper released this week, Raphael Auer of the BIS’s Monetary and […]

Bitcoin mining creates a global “battery” of value

June 6, 2018 0 comments

Far from squandering electricity, bitcoin miners perform a socially important function by converting otherwise unusable energy into a global store of value, say analysts at CoinShares, a firm specialising in […]