Blockstack Proposes Using Bitcoin, Novel ‘Proof of Transfer’ To Accelerate A Truly User-Owned Web 3.0

The post Blockstack Proposes Using Bitcoin, Novel ‘Proof of Transfer’ To Accelerate A Truly User-Owned Web 3.0 written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics

Blockstack, an open source blockchain project, with a 7,000-strong community, backed by more than $75 million in investment from the likes of Union Square Ventures, Y Combinator, Lux Capital, and Naval Ravikant –  is proposing a new, novel mining algorithm called Proof of Transfer, or “PoX” which combined with the power of Bitcoin could enable […]

The post Blockstack Proposes Using Bitcoin, Novel ‘Proof of Transfer’ To Accelerate A Truly User-Owned Web 3.0 written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics