Vitalik argues that proof-of-stake is a 'solution' to Ethereum’s environmenta...
The stakes are high for the chain to transition, as those that don't risk getting 'left behind.' At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has been incensing critics as of late.In an interview at the StartmeupHK virtual conference hosted from Hong Kong, Buterin said that while proof of stake is “still in its infancy and less battle-tested” than Ethereum’s current proof-of-work model, it can....
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A technical and in-depth analysis of the trade-offs that Ethereum’s consensus mechanism makes in its switch to proof-of-stake and how proof-of-work differs.
The inventor of Ethereum, Vitalik Buterin, published an article discussing implementing a new scalability solution. According to a document posted on his blog, several benefits could come from introducing “Plasma,” a scalability solution invented 6 years ago, in the early years of ETH. Related Reading: ‘Ripple Is The Internet Of Value’ Ethereum Founder Vitalik Buterin […]
Competitors are milking Elon Musk’s misconceptions about Bitcoin’s energy consumption for all their worth. The general public and legacy media won’t shut up about this previously resolved can of worms. And when Vitalik Buterin, co-founder of Ethereum, received the question, he didn’t hesitate. Fortune quotes Buterin going all-in for Proof-Of-Stake, his consensus mechanism of choice: […]
Post-Merge Ethereum has now detached itself from the “crypto mining is bad for the environment” narrative, following its transition to proof-of-stake. The shedding of Ethereum’s energy-intensive proof-of-work (PoW) system is expected to see Ether (ETH) “flow into the institutional world,” according to a number of fund managers and co-founders.On Sept. 15, Ethereum officially transitioned to a proof-of-stake (PoS) consensus mechanism, which is expected to cut energy consumption used by the network by 99.95%, according to the Ethereum Foundation. The upgrade effectively ended the need for....
Two influential figures in the cryptocurrency space unpack their individual journeys to understanding the promise of proof-of-stake as The Merge approaches for Ethereum. Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong believe that a gradual mind shift and important community contributions led to their backing of Ethereum’s upcoming move from a proof-of-work (PoW) to proof-of-stake (PoS) consensus.The two industry titans joined Coinbase protocol specialist Viktor Bunin on the Around the Block podcast for an enlightening discussion centered on The Merge, which is set to....