News for hackers. Stuff that matters.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by willbudd on Monday February 15, 2021 @05:08PM (#26148148)
Ripple, Nxt, etc have been around since 2012-ish or earlier. Ancient technology, basically.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by kevingadd on Monday February 15, 2021 @05:14PM (#26148218)
Wasn't aware of those ones, thanks. It's a shame they're not even in the top 100 by volume.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by saltyfamiliar on Monday February 15, 2021 @05:28PM (#26148399)
Ripple (XRP) has the 5th highest market cap and volume of any cryptocurrency, but it's very unpopular on a cultural level because it's basically centralized.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by kevingadd on Monday February 15, 2021 @05:36PM (#26148491)
That's fascinating, I ctrl-f'd for Ripple on a couple charts since I hadn't heard of it and it wasn't on them. Do crypto sites omit it because it's unpopular or viewed as not a blockchain due to being centralized?
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by Nition on Monday February 15, 2021 @06:46PM (#26149226)
It's near the top on all of them, but you need to Ctrl-F "XRP".
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by cardanome on Monday February 15, 2021 @05:25PM (#26148355)
Ripple has still the fifth biggest market cap.

If you look at the five biggest coins by market cap (excluding USDT which is just digital Dollar) then three of them use proof of stake, Cardano, Polkadato and Ripple. Ethereum is actively transitioning to proof of stake.

Bitcoin is the ONLY outlier. Though also the biggest market.

Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by galangalalgol on Monday February 15, 2021 @05:51PM (#26148668)
I'm old and clueless. Is proof of stake related to anonymity in any way? I read something about dealers in contraband switching from btc to monero among others for that reason.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by hulahoof on Monday February 15, 2021 @09:11PM (#26150148)
No, anonymity for the users is generally separate from the consensus algorithm. XMR, at least when I was mining it many years ago, was more about preventing leakage of wallet, funds info to every person you transacted with - and is probably the gold standard in anonymous transactions - which is why it's price is so stable.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by Geee on Tuesday February 16, 2021 @08:01AM (#26153439)
Ripple is not proof-of-stake. It uses traditional consensus with trusted validators. It's basically a fiat currency that is run by a corporation to benefit them.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by ROARosen on Monday February 15, 2021 @05:36PM (#26148490)
Ripple (aka XRP) is number 5