Researcher: Google Quantum Breakthrough Could Improve Proof-of-Stake

Google’s quantum computer could purportedly help improve the random selection process of proof-of-stake cryptocurrencies. The application of Google’s quantum computing technology could purportedly help improve the technology which underpins proof-of-stake (PoS) cryptocurrencies.Quantum computing would create truly random numbersPoS is a type of consensus algorithm where block creators are randomly chosen with probability proportional to their stake, while the algorithm of proof-of-work-based digital currencies uses mining.…

‘Multi-threaded’ Blockchain Solana Receives $18 Million in Funding

The development team behind proof-of-stake blockchain Solana received $18 million in funding. The development team behind proof-of-stake (PoS) blockchain Solana received $18 Million in funding, according to a press release shared with Cointelegraph on July 30.Solana claims to be first web-scaled blockchainPer the release, the funding round was led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital and Blockchange VC, among several other companies.…