Spacemesh

Spacemesh

Spacemesh, an Israel-based company, aims to establish a block mesh operating system and seeks to improve blockchain technology by using a new consensus protocol - Proof of Time and Space PoST, thereby replacing PoW and PoS. Interestingly, PoST can run on any desktop computer and is aimed at resisting powerful and expensive mining chips known as application-specific integrated circuits (ASICs). Additionally, the protocol does not rely on graphics processing units for mining.

Both USDs and SPA have become the top five TVL currencies on Uniswap Arbitrum: On February 25, according to Uniswap Info data, one month after SperaxUSD (USDs) was launched, USDs and SPA have become the top five TVL currencies on Uniswap Arbitrum currency. [2022/2/25 10:15:52]

Tomer Afek, one of the team members, said that the protocol provides recurring rewards to encourage miners not to join mining pools like the existing major protocols. The team attempted to reproduce the original vision of Bitcoin, with the ultimate goal of creating a peer-to-peer, fully distributed cryptocurrency. There is no need to punish you for your bad behavior because there is very little harm you can do.

Bitfury merges with a SPAC to create a $2 billion bitcoin mining firm: Bitcoin mining hardware maker Bitfury will merge with a special purpose acquisition company (SPAC) GoodWorks Acquisition to form a mining company called CipherMining Technologies.

The combined company is said to have a market capitalization of $2 billion and plans to achieve 745MW of mining capacity by the end of 2025. The combined company is expected to receive $425 million in cash from a fully committed stock PIPE, a $50 million in-kind investment from Bitfury, and $170 million in cash held in GoodWorks trust accounts from its initial public offering in October 2020, which is expected to The company will receive $595 million in cash proceeds. Fully committed PIPE investments secured by Fidelity Management & Research Company and Counterpoint Global (Morgan Stanley). (CoinDesk)[2021/3/5 18:19:05]

Bittrex Announces Support for Spark Airdrop: Bittrex will support Flare Networks’ Spark token airdrop. Users holding XRP in their accounts at the time of the December 11th snapshot will be eligible to receive Spark tokens. [2020/12/11 14:53:39]

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