Decred works on a hybrid proof-of-stake/proof-of-work mechanism in which miners create new blocks, but owners of DCR coins vote to make the blocks valid, in exchange for 30% of the block reward. As a result, a little more than half of the roughly 10.3 million extant Decred are staked.
Craig Wright has not been having a good summer. First, his Bitcoin Satoshi Version (BSV) cryptocurrency was booted off the Binance and Kraken exchanges after he was accused of bullying people doubting his claim to be Bitcoin creator Satoshi Nakamoto.
We’re not sure how powerful a punch Chinese billionaire Shi Jianxiang (in Chinese: 施健祥) can throw, but he’s threatening to go head to head with former heavyweight champion Mike Tyson—well, at the very least in a courtroom. That’s because the bout between Iron Mike and Shi’s sports-related blockchain project Fight To Fame (in Chinese: 一战成名) is heating up on the pages of Modern Consensus.
Former boxing champion Mike Tyson is embroiled in a dispute with Fight to Fame, a blockchain startup which has been very publicly claiming that he not only endorsed the company and its planned “Tyson Token” cryptocurrency, but that he is a co-founder and active member of the company. The company has said it plans to host a series of fights around the world, selecting the most popular fighters for a reality TV show and then Hollywood action movies. Tokens would be used by fans to vote for and bet on their favorite fighters, as well as support other projects.