Category: Consensus

US Navy to pilot blockchain-based project to improve medical supply lines

US Navy to pilot blockchain-based project to improve medical supply lines

Consensus Networks uses the IoTeX blockchain to monitor the health of 700,000 U.S. Navy sailors and marines in real-time. 3470 Total views 86 Total shares The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5-million contract with Consensus Networks to develop a blockchain-enabled logistics system […]

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Vitalik argues that proof-of-stake is a ‘solution’ to Ethereum’s environmental woes

Vitalik argues that proof-of-stake is a ‘solution’ to Ethereum’s environmental woes

The stakes are high for the chain to transition, as those that don’t risk getting ‘left behind.’ 10099 Total views 15 Total shares At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has […]

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US Library of Congress report highlights proof-of-stake tax blindspot

US Library of Congress report highlights proof-of-stake tax blindspot

The taxman still isn’t wise to cryptocurrency earnings made through proof-of-stake. But that could change soon. 7749 Total views 21 Total shares Republican Rep. Tom Emmer has called for more precise tax guidelines regarding cryptocurrency earnings, after a report he commissioned from the Law Library of Congress showed a stark disparity between regulatory approaches taken […]

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