{"version":"1.0","provider_name":"","provider_url":"https:\/\/holytransaction.com\/blog","author_name":"Satoshi","author_url":"https:\/\/holytransaction.com\/blog\/author\/admin","title":"\"The current proof of work system that is in place incentivizes centralization,\" says BlackCoin Foundation","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"HlUNO4WWIE\"><a href=\"https:\/\/holytransaction.com\/blog\/2014\/07\/bitcoin-proof-of-work-is-under-scrutiny.html\">&#8220;The current proof of work system that is in place incentivizes centralization,&#8221; says BlackCoin Foundation<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/holytransaction.com\/blog\/2014\/07\/bitcoin-proof-of-work-is-under-scrutiny.html\/embed#?secret=HlUNO4WWIE\" width=\"600\" height=\"338\" title=\"&#8220;&#8220;The current proof of work system that is in place incentivizes centralization,&#8221; says BlackCoin Foundation&#8221; &#8212; \" data-secret=\"HlUNO4WWIE\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/* ]]> *\/\n<\/script>\n","description":"As Bitcoin&#8217;s first-mover momentum spreads the digital currency&#8217;s adoption, the &#8220;proof of work&#8221; model it uses to confirm transactions is coming under scrutiny within the crypto-community. \u00a0 The proof of work algorithm rewards the individuals, called miners, who confirm blocks of transactions in exchange for an amount of the digital currency. Individual miners join pools [&hellip;]","thumbnail_url":"https:\/\/i.imgur.com\/3Lg623H.png"}