Ethereum move from Proof of Work to Proof of stake

According to Brian Norton, the Eth blockchain’s transition from the proof-of-work mechanism is important for the network to grow.

According to Brian Norton, the Eth blockchain’s transition from the proof-of-work mechanism is important for the network to grow.

The Ethereum will maintain its network and validating transactions through a software update known as the Merge.

Proof of stake is a class of consensus technique used to validate cryptocurrency transactions. With PoS, owners of the cryptocurrency can stake their coins.

What is PoS

Proof of work is a mechanism used by cryptocurrencies to validate the accuracy of new transactions on blockchain.

What is PoW

The proof-of-stake mechanism is more cheaper and efficient as compare with proof-of-work.

Ethereum’s proof-of-stake transiiton could be on September 15th 2022

Ethereum future uses