Monday, October 12, 2015

Developers Propose ‘Proof of Bitcoin Node’ To Reinvent Bitcoin Mining Into Big Data Mining

SpreadCoin, a cryptocurrency, has released a “Proof of Bitcoin Node” (PoBN) that proposes using the block chain to fund bitcoin miners and pay anyone wishing to operate a full bitcoin node by reinventing bitcoin mining into Big Data mining. According to a recently-released white paper, the PoBN will help create a block chain Big Data market that will generate billions of dollars and support a secure, decentralized payment system. The white paper is titled: “Proof of Bitcoin Node, A Mechanism for a Bitcoin Full Node Incentives & Bitcoin Mining Rewards Program.”    The developers are proposing a second layer on […]

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