Intel is Winning Over Blockchain Critics By Reimagining Bitcoin’s DNA ByTimothy SohnPRO INVESTOR Updated: 20 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage (CoinDesk) – Intel is winning support from even normally fickle technologists for its quieter, and some say, more innovative, approach to reimaging Bitcoin’s tech for the enterprise. One of the main contributors to this perception is proof-of-elapsed-time (PoET), a variation on the system that Bitcoin uses to ensure that computers in the network agree about which transactions really took place, which it unveiled earlier this year. Perhaps better known to cryptographers, this high-tech tool solves the computing problem of “random leader election,” or selecting who will create the next block of transactions. Join Our Telegram channel to stay up to date on breaking news coverage