“Chi da savio operar vuole, pensi al fine.” An Italian proverb to allude to Charles Ponzi’s descent to mean Think on the end before you begin, buyer beware.When I think about Ponzi schemes and the people who perpetrate them, one thing comes to mind- that the best ponzis happen around, within an innovation. Bitcoin is…
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…
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…
