Report: Ethereum Set To Ditch Mining In Favor Of Proof Of Stake
Ethereum is ready to ditch mining in favor of using a proof of stake model, according to Bloomberg. Ethereum’s developers want to put a proof of stake model, called Casper, into place by the end of the year. For Ethereum to realize the potential that companies such as IBM, Microsoft and JPMorgan see in its blockchain to reshape modern business and finance, it has to achieve wider adoption and become a de facto standard. More Secure, Scalable And Usable. Replacing mining will make Ethereum more usable, secure and scalable, said Vlad Zamfir, who has worked on Casper since 2014. Blockchain....
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