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Difference between revisions of "Ethereum Merge"
→Proof of Stake (PoW)
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Since its birth in 2015, Ethereum has been pushing through the new limits of crypto, adding a block of transactions every 12 or 13 seconds on average through its Proof-of-Work consensus. Today, Ethereum’s Proof-of-Work security model is estimated to consume roughly 100 TWh per year, the equivalent of a country like the Netherland — or 3% of the US energy consumption. (The Ethereum Foundation shows a similar trend). | Since its birth in 2015, Ethereum has been pushing through the new limits of crypto, adding a block of transactions every 12 or 13 seconds on average through its Proof-of-Work consensus. Today, Ethereum’s Proof-of-Work security model is estimated to consume roughly 100 TWh per year, the equivalent of a country like the Netherland — or 3% of the US energy consumption. (The Ethereum Foundation shows a similar trend). | ||
== Proof of Stake ( | == Proof of Stake (PoS) == | ||
While Ethereum consumes half the energy bitcoin does, it still is a lot and the Ethereum community has been concerned for a while, in response, a new consensus algorithm has been under development for a while and it’s called Proof of Stake (PoS). Proof of Stake does not rely on solving math equations like Proof of Work (PoW) does so it can work with little computing power, thus low energy consumption for Ethereum. | While Ethereum consumes half the energy bitcoin does, it still is a lot and the Ethereum community has been concerned for a while, in response, a new consensus algorithm has been under development for a while and it’s called Proof of Stake (PoS). Proof of Stake does not rely on solving math equations like Proof of Work (PoW) does so it can work with little computing power, thus low energy consumption for Ethereum. | ||