proof-of-reserves
Proof-of-Reserves Becomes a Burning Issue amid FTX Crisis
With the liquidity issue being a primary contributor to the FTX crisis, the proof-of-reserves concept has engulfed the crypto sector with more exchanges gearing towards showing more transparency.
Binance Adds 11 Tokens to PoR Report
Binance cryptocurrency exchange has included 11 more tokens in its proof-of-reserves report, taking the total number of assets in its system to 24, valued at over $63 billion.
Canada-Based Tahini's Restaurants Trades Entire Cash Reserves For Bitcoin
Tahinis Restaurants announced that it would be converting all of its cash reserves into Bitcoin.
Why the proof-of-work chain is a solution to the Byzantine Generals' Problem
Why the proof-of-work chain is a solution to the Byzantine Generals' Problem
Google’s Quantum Technology Could Satiate Proof-of-Stake Detractors
Google’s newly achieved ‘Quantum Supremacy’ computing technology has been marked for some surprising applications in the cryptocurrency space. According to one researcher on the project, the technology could enhance the proof-of-stake (PoS) algorithm.
Ethereum's Switch to Proof-of-Stake Will be 'Substantial' to the Industry, Binance Research Suggests
Binance’s latest research report published on Oct. 28 stated that Ethereum’s upcoming switch to Proof-of-Stake (PoS) from Proof-of-Work (PoW) is expected to take a ‘most substantial’ portion of the crypto market’s attention.
Blockstack Breaks New Ground with Proof of Transfer (PoX) Consensus Mechanism, like PoS Without the Risk
Blockstack recently released a white paper for a new blockchain consensus mechanism called Proof of Transfer (PoX). The mechanism is for blockchains piggybacking off the Bitcoin blockchain or other PoW networks, and would require miners to commit BTC to secure the block rather than proof of work.
WEF Launches Blockchain Proof of Concept to Track Supply Chain Greenhouse Gas Emissions
The World Economic Forum’s Mining and Metals Blockchain Initiative has launched a unique proof of concept to track greenhouse gas emissions across the value chain.
Bank of Japan to Launch CBDC Proof-of-Concept in 2021
The Bank of Japan (BOJ) has revealed its plan to kick start an early proof-of-concept on the issuance of its central bank digital currency (CBDC) next year.
Cardano Now the Biggest Proof-of-Stake Network as ADA Flips Polkadot (DOT) to Become 7th Top Crypto
The total amount staked on Cardano (ADA) has officially surpassed that on Polkadot (DOT), making Cardano the largest proof-of-stake network as of now.
Partner at Proof of Capital Presumes That China’s Digital Currency Could Go Live in No Time
In her view, Edith Yeung, fund manager, and partner at Proof of Capital, a blockchain-based venture capital fund, presumed that the Chinese Government could launch their digital currency, virtual yuan, in no distant time, assumably, within the next six to twelve months.
Proof-of-Stake Founder Sunny King, on his Crypto Journey Inspired by Elon Musk and Steve Jobs
In the recent conversation with CoinMarketCap, Proof-of-Stake Founder Sunny King revealed how his crypto journey is inspired by Steve Jobs and Elon Musk! He also debunked the myth that energy consumption contributes to the intrinsic value of cryptocurrencies.
Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight
The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.
ConsolFreight Releases New Proof Of Concept To Advance The Role Of Logistics Providers In Trade Finance
"Banks are short-sighted in determining and validating the value of the goods being financed. They have drawn a very distinctive line between Logistics and Financial institutions, where the value of the assets is entirely disconnected from the process. Thus, leaving an untapped market of unfulfilled credit demand estimated at $1.6 trillion," says ConsolFreight's CEO, Ernesto Vila.