EchoSeeker
Fri Jun 21 2024
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6 answers
1650
What happened to Ethereum PoW?
I'm curious to understand what precisely transpired with Ethereum's Proof of Work (PoW) consensus mechanism. Could you elaborate on the key events and changes that led to the transition from PoW to Proof of Stake (PoS)? I've heard there were concerns over scalability, energy consumption, and decentralization, but I'd like a more detailed account of how these issues shaped the shift and the specific implications for the Ethereum ecosystem. Additionally, what does the move to PoS mean for Ethereum's future, and how does it position the network in comparison to other blockchain platforms?
Valentina
Thu Jun 20 2024
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5 answers
1404
Does Ethereum still use PoW?
I'm curious about the consensus mechanism behind Ethereum, as the landscape in crypto is constantly evolving. So, I'd like to ask: Does Ethereum still utilize Proof of Work (PoW) as its consensus mechanism? If not, what has replaced it? And how has this transition impacted the network's security, scalability, and energy efficiency? Understanding these changes is crucial for investors, miners, and developers alike. Any insights you could provide would be greatly appreciated.
