One of the disadvantages of Bitcoin that its proponents often gloss over is the fact that its mining algorithm has little real-world value ... Primecoin is the first proof-of-work based cryptocurrency that has come up with any kind of workable solution. The central premise of Primecoin is that, instead of useless SHA256 hashes, the proof of work protocol would require miners to find long chains of prime numbers.
» Read the full article at Bitcoin Magazine
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