Decentralized platform Ubiq has initiated a public vote on switching to a Proof of Work (PoW) algorithm. Based on a majority approval by Ubiq nodes, the platform will move to consensus algorithm ProgPoW.
Ubiq Proposes ProgPoW
Ubiq is an Ethereum fork with its mining network, token, and a block interval of 88 seconds. On May 30, 2018, Its developers proposed a switch from the current PoW consensus algorithm to ProgPoW through a hard fork, based on community response. Additionally, the proposal suggests a minor change in the current Ethash.

UIP #1

This post is an exerpt of an original post published on Bitcoinchannel. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.

Blockchain job openings rise 300% since 2017

The average salary for blockchain-related jobs is currently 61.8 per cent more than the US median salary, and job ads have increased 300 per...

Art world could help boost Ethereum to $500, says expert

Ethereum price could get a big boost from an unlikely source, with the art world potentially driving value to $500 by the end of...

New zjazz 1.2 AMD and Nvidia Miner With Support for Merit, BitCash and SUQA

If you are mining Merit (Cuckoo Cycle Edgebit 26), Bitcash (Cuckoo Cycle Edgebit 27) or SUQA (X22i) on AMD or Nvidia GPUs you might...

UK regulators confirm plans for new cryptocurrency policies – and details are coming this...

UK regulators are moving in on cryptocurrencies… The Financial Conduct Authority (FCA) of the UK has confirmed its plans for cryptocurrency and digital assets –...

Universities and colleges are learning to handle donations in Bitcoin

Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week, Bloomberg highlighted the fact...

Bitcoin volatility hits record low: the calm before the storm?

As Bitcoin trading volumes settle, speculation mounts of busy times ahead… by Manoj Sharma for CNR Bitcoin experienced its new yearly low in volume at the...
loading...