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Quantum Computing Meets Blockchain: Scientists Propose New Version of Proof of Work Consensus – Future of Crypto? A newly published research paper from a team of researchers from Australian and American universities, in collaboration with quantum technology company BTQ, has proposed a new approach to the proof-of-work (PoW) consensus mechanism based on boson sampling. Traditional PoW algorithms used in for example Bitcoin (BTC) are known for their slow processing speeds and high energy consumption, but according to the researchers their proposed alternative will be significantly more energy-efficient when implemented on quantum hardware. #News #Technology #cryptocurrency

Quantum Computing Meets Blockchain: Scientists Propose New Version of Proof of Work Consensus – Future of Crypto?

A newly published research paper from a team of researchers from Australian and American universities, in collaboration with quantum technology company BTQ, has proposed a new approach to the proof-of-work (PoW) consensus mechanism based on boson sampling.

Traditional PoW algorithms used in for example Bitcoin (BTC) are known for their slow processing speeds and high energy consumption, but according to the researchers their proposed alternative will be significantly more energy-efficient when implemented on quantum hardware.

#News #Technology #cryptocurrency

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Altcoin bull is expected! What is the latest situation for Ethereum (ETH), which is gaining momentum with Bitcoin (BTC) turning upward? Altcoins, which could not determine their direction for a few days, gained value with this move of BTC. Especially the fact that Ethereum (ETH) bounced from a critical support area and started to rise made altcoin investors happy. Ethereum (ETH), the leader of altcoins, experienced intense selling pressure after exceeding $ 4000. ETH, which approached $ 3000 in a short time, naturally shook the altcoins. When we look at the current situation, ETH, which gave the green light to the market, left behind a significant resistance and gave hope for altcoins. ETH may move towards $3640 – $3970 and $4373 respectively. Otherwise, there may be declines towards 3000 - 2720 and 2545 dollars, respectively. #News #Bitcoin #Ethereum $BNB $SOL
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Important Step for Ethereum Transaction Fees: Ethereum gas limit refers to the maximum amount of gas spent on executing transactions or smart contracts in each block. Gas is the fee required to perform a transaction or execute a smart contract on the network. This step could result in a 15% to 33% reduction in Layer-1 transaction fees, he said in a published post. “Increasing the gas block limit by 33% gives the Layer-1 Ethereum network the ability to process 33% more transaction load in a day.” #Bitcoin  #News $BTC $ETH $BNB
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Binance 3 Altcoin Goes Delist Binance, the world's largest cryptocurrency exchange, made a delist announcement for 3 altcoins on March 20. According to the exchange's latest reviews, Binance will stop trading and delist all trading pairs for the following token(s) as of 06:00 UTC on April 3: DREP Mobilecoin (MOB) pNetwork (PNT) The exact removed trading pairs are: DREP/BTC, DREP/USDT, MOB/BTC, MOB/USDT, PNT/USDT. All trading orders will be automatically removed once trading is stopped on each relevant trading pair. Deposits for these tokens will be closed after April 4 at 06:00 UTC. However, withdrawals will not be supported after July 3 at 06:00 UTC. Delisted tokens can be converted into stablecoins on behalf of users after July 3, 06:00 CET. However, Binance does not guarantee that delisted tokens will be converted into stablecoins. The exchange will make a separate notification prior to conversion where appropriate. #BTC #News $BTC $ETH $BNB
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The Fed interest rate decision, which the cryptocurrency market and traditional markets were eagerly awaiting, was announced. According to the published statement, the FOMC does not intend to reduce interest rates until there is more confidence that inflation is returning to target. Bitcoin's first reaction after its decision was as follows. Here are the final evaluations after the decision: Inflation fell last year but remains high. Job gains were strong and the unemployment rate remained low. The committee aims to achieve maximum employment and inflation of 2 percent in the long term. The committee does not expect it to be appropriate to lower the target range until it gains greater confidence that inflation will move sustainably towards 2 percent. In addition, the Committee will continue to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities, as described in its previously announced plans. The Committee has a strong determination to return inflation to the 2 percent target. The Fed stands ready to adjust its monetary policy stance as appropriate if risks emerge that could prevent it from achieving its goals. #Bitcoin #News $BTC $ETH $BNB
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Bitcoin is in decline: There is a loss of nearly 500 million dollars! With Bitcoin (BTC) dropping to $60,775, there was a big loss in bullish transactions. BTC, which experienced a sharp decline before the halving, touched $ 60,775 and destroyed the futures market. The pioneer of cryptocurrencies, which dealt a serious blow to long-term transactions in particular, created a pessimistic atmosphere throughout the industry. Bitcoin, which has been maintaining its upward price movement for a while, gained more activity after falling. This mobility directly affected the liquidation data. With the price movement of Bitcoin, 190,091 futures users were liquidated in a short time. The total liquidation amount was recorded as 656.96 million dollars. #Bitcoin #News $BTC $ETH $BNB
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