Key Points Proof-of-work blockchain projects appear to be coming back into vogue with a vengeance. Ethereum Classic has seen strong trading activity in recent days, coupled with even stronger investor demand for its token. Let's dive into what's driving this outsize interest in ETC today. 10 stocks we like better than Ethereum Classic › Ethereum Classic (CRYPTO: ETC) is one top-50 cryptocurrency project that many investors may have forgotten about. The original Ethereum (CRYPTO: ETH) proof-of-work ...

Few realize just how evolved we are over the average proof-of-work blockchain.Watch this video for an in-depth explanation on just how far we've come, and how Dash's dual chain system works in practice.Dash (@Dashpay):Dash is a truly unique blockchain system:⛏️Proof-of-work payments chain⛏️💰Proof-of-service staked security for the payments chain💰Proof-of-stake data chainMaximum speed, efficiency, and security, with payments and data use cases segregated for minimum downtime risk. Built https://t.co/03E4XFdw ...

Core Insights - Zcash (CRYPTO: ZEC) has experienced a significant price increase of 496% over the last three months, raising questions about its potential to create wealth for investors [1] - The coin is built on Bitcoin's codebase and incorporates privacy features that allow for shielded transactions, distinguishing it from other cryptocurrencies like Ethereum [3] - Zcash's current market capitalization is approximately $4.7 billion, suggesting potential for substantial returns if adoption increases [4] Adoption Metrics - The share of Zcash's supply held in the shielded pool has risen to around 25%, indicating a growing use of its privacy features, although many users still prefer transparent transactions [5] External Constraints - Centralized crypto exchanges have historically been hesitant to list Zcash due to regulatory pressures, which could limit its growth potential [7] - Recent actions by exchanges, such as OKX removing privacy coins and Binance's pressure for compliance, highlight the challenges Zcash faces in gaining mainstream acceptance [7] Current Market Position - Despite its recent surge, Zcash's privacy features are not widely utilized, but its supply is becoming scarcer, contributing to its perceived value [8]

RT BSCN (@BSCNews)THE $KAS TOKEN EXPLAINED - An in-depth look at the asset behind what might be crypto's most scalable proof-of-work L1 @kaspaunchained https://t.co/OjcLP8Ma3P ...

RT BSCN (@BSCNews)THE $KAS TOKEN EXPLAINED - An in-depth look at the asset behind what might be crypto's most scalable proof-of-work L1 @kaspaunchained https://t.co/OjcLP8Ma3P ...

THE $KAS TOKEN EXPLAINED - An in-depth look at the asset behind what might be crypto's most scalable proof-of-work L1 @kaspaunchained https://t.co/OjcLP8Ma3P ...

RT Doc 🧲 (@KayTheDoc)actually did some digging and I kinda like the lore behind thisBit Gold was @NickSzabo4 theoretical design for decentralized, scarce digital money a direct conceptual ancestor to Bitcoin.When Satoshi Nakamoto built Bitcoin, he used many of the same ideas (proof-of-work, public ledger, cryptographic ownership) that Bit Gold outlinedIn short: Szabo imagined it and Satoshi made it work ...

Core Viewpoint - New York lawmakers are proposing a new bill to tax Bitcoin miners due to their excessive electricity consumption, which is reportedly increasing utility costs for residents [1][2]. Group 1: Proposed Legislation - Senate Bill S8518 aims to impose an excise tax on proof-of-work crypto miners based on their energy consumption, contributing to New York's Energy Affordability Programs [2][3]. - The tax rates are structured as follows: 2 cents per kWh for consumption between 2.25 and 5 million kWh, 3 cents for 5 to 10 million kWh, 4 cents for 10 to 20 million kWh, and 5 cents for over 20 million kWh [3]. Group 2: Economic Impact - Research indicates that cryptomining facilities add approximately $79 million annually to electricity costs for individuals and $165 million for small businesses in New York [3]. - The bill is designed to ensure that mining companies contribute fairly to the rising electricity costs faced by New Yorkers while providing relief to low to moderate-income households [2]. Group 3: Environmental Considerations - Mining operations utilizing sustainable energy sources would be exempt from the proposed tax, promoting innovation and sustainability in the digital asset sector [4]. - Critics of cryptocurrency often highlight the environmental impact of proof-of-work mining, which requires significant electricity for transaction processing [4]. Group 4: Industry Context - The artificial intelligence and high-powered computing sectors consume more energy than Bitcoin mining, although the bill does not address this industry [5]. - New York has a history of stringent regulations on the crypto industry, which has led some startups to relocate to other states [6].

Blockchain Technology & Security - Dash utilizes a unique two-chain, two-tier network for efficient and secure fund and data management [1] - The system segregates payments and data use cases to minimize downtime risk [1] - Dash employs a proof-of-work payments chain and a proof-of-service staked security system for the payments chain [1] - A proof-of-stake data chain is also part of the Dash system [1] Key Features - Dash aims for maximum speed, efficiency, and security in its blockchain system [1]

Cryptocurrency Characteristics - Bitcoin has a capped supply of 21 million coins [1] - Bitcoin utilizes a proof-of-work consensus algorithm to secure the network [1] - Bitcoin's supply schedule is predictable and known in advance [1] - Ethereum employs a proof-of-stake consensus algorithm, requiring users to lock up Ethereum tokens [2] - Ethereum has an elastic supply, which can be inflationary or deflationary based on the amount of Ethereum staked and network fees [2] Use Cases - Bitcoin is primarily considered a store of value, often referred to as digital gold [2] - Ethereum is a developer platform that is Turing complete, enabling programming on top of it [3] - Ethereum is suitable for building applications and financial primitives [3]