Bitcoin
Bitcoin news, updates and info.
ProofOfWork Show S01E04 Coin Supply & Demand!
In this episode we explain that supply and demand, fundamental principles in economics, also apply to Bitcoin and its pricing. These forces can either increase or decrease supply and demand, thereby affecting price. Bitcoin was developed to address issues like inflation that erode people’s purchasing power over time. Traditional financial systems, managed by governments or…
ProofOfWork Show S01E03 Incentives in Crypto!
In this episode, the focus is on the role of incentives in blockchain technology, specifically in Bitcoin, to ensure network security. Two main consensus algorithms for providing these incentives are discussed: Proof of Work (PoW) and Proof of Stake (PoS). In PoW, miners use computational power to solve complex equations, thereby creating new coins and…
ProofOfWork Show S01E02 Inflation & Issuance!
In this episode, we discuss the recent political upheaval in Sri Lanka due to high inflation and examines the role of cryptocurrencies like Bitcoin in the global economy. The conversation explores the evolving definitions and forms of money, from barter systems to digital currencies. We emphasize that Bitcoin serves as digital money, sharing similar properties…
ProofOfWork Show S01E01 Laptops are for Mining!
In this episode we discuss how the Melanin Solar project uses blockchain technology and CPU mining to enable community members to trade electricity. Utilizing the Lightning Network and the Whive protocol, the system allows energy to be stored and shared as digital tokens. Over 2,000 people are expected to gain affordable power access through this…
Driving Sustainable Energy Adoption across Africa using Blockchain
John Karanja, CEO of Melanin Solar and co-founder of BitHub Africa, presented at a conference on the topic of utilizing blockchain technology to advance sustainable energy adoption across Africa. Speaking from a rural region in Kenya, John highlighted that a significant portion (around 65%) of the African population lacks access to consistent energy, even though…
The Whive Protocol & Network Launches on 02/02/2020!
The Whive Network is now live with the first block being created at 19:39:20 UTC on Sunday 02/02/2020. Whive, is a peer-to-peer blockchain protocol that is incentivizing the building of sustainable energy solutions through Trustless Rewards. The protocol achieves this through a hybrid Proof-of-Work(POW) & Proof-Of-Stake(POS) consensus algorithm that favors devices with CPU(small) processors & are located in regions with…