Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA).Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times."The solution is to ban proof-of-work," he said. … [Read more...] about EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report
ProofofWork
Ripple co-founder thinks Bitcoin should move away from proof-of-work
Bitcoin (BTC) code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued.In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, notin growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin should consider a code change … [Read more...] about Ripple co-founder thinks Bitcoin should move away from proof-of-work