Ethereum's Big Switch: The New Roadmap to Proof-of-Stake

Ethereum's Big Switch: The New Roadmap to Proof-of-Stake

After years of development, ethereum has a new plan to update the algorithm that keeps its entire network in sync. Vitalik Buterin, ethereum's creator, recently released a rough implementation guide that reveals the network's developers will first start with a 'hybrid' system that merges bitcoin-style proof-of-work mining with its much-anticipated and still-experimental proof-of-stake system called Casper, created by Buterin. The plan effectively means ethereum will begin alternating between the two systems, so that some transaction blocks (one out of 100) are secured via proof-of-stake....

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