Key Takeaways from Bitcoin Conference 2022
Published: 04/10/2022 | Author: Galin Ma Bitcoin Conference 2022 has just wrapped up this past week and one of the major themes of this year’s conference was the positives of regulatory awareness and institutional adoption. Generally, there has been a negative association between regulation and crypto. However, in this conference we hear prominent figures like Michael Saylor, Kevin O’Leary, Peter Thiele, and US Senator Cynthia Lummis be major proponents of clear crypto regulation so that trillions of dollars of institutional capital can be deployed into Bitcoin and other cryptocurrencies. One of the major trends for 2022 and beyond is even…
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Proof of Work vs Proof of Stake
Overview Proof of Work and Proof of Stake are two different consensus mechanisms used by cryptocurrencies to add transactional data to their blockchains. The blockchains need to solve an algorithmic puzzle in order to verify the transactions without using a central authority. The consensus mechanism allows for a trustless model without intermediaries to make automated financial transactions. This lessens the barrier to entry for a digital, global financial system and an honest system powered by computers. Proof of Work is the first consensus mechanism, proven to work, which gave birth to other consensus mechanisms such as Proof of Stake. The…
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The Crypto Scrubs Podcast 