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Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog

As the CoinTelegraph announced, retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle […]

An Ethereum 2.0 Proof-of-Stake Testnet Blockchain Is Now Live

An Ethereum (ETH) 2.0 Proof-of-Stake (PoS) testnet beacon blockchain is now live, the CoinTelegraph reported. Preston Van Loon, co-founder of sharding development firm Prysmatic Labs, announced the development in a Medium post on May 7. Ethereum 2.0 is an upcoming new Ethereum chain featuring improvements in security, scalability, and decentralization. Ethereum 2.0 would not be introduced to the current […]