Canada’s central bank has championed proof-of-work (PoW) algorithms as part of a new research paper on Blockchain consensus. ‘Irretrievable Sunk Costs’ In its Staff Working Paper released this week, Bank of Canada (BoC) said PoW, used by Bitcoin, held more promise than alternative proof-of-script (PoS) algorithms found in various altcoins. The highlighting of PoW came courtesy of Satoshi Portal CEO and cryptocurrency commentator Francis Pouliot, who uploaded the results to social media July 23. “WeRead MoreThe post Bank of Canada: Proof-of-Work Beats Alternative Consensus Systems appeared first on Bitcoinist.com. For Further Information Click on Below Button