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Ethereum merge

  • Thread starter Thread starter FXOcrypto
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FXOcrypto

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All crypto enthusiast I think already know, Ethereum using consensus Proof of Works, the concept Proof of Works is miner will get reward when they can finish complex mathematic to validate one transaction. But one drawback of Proof of Work consensus is needs high electricty cost. Just similar to Bitcoin, they need super computer to compete in the crowd of mining land.

Then Ethereum trying to use Proof of Stake in accordance to avoid high consumption electricity and prevent broken enviroment due high electricity left carbon footprint as reason triggering climate change. And in merge time, Ethereum will fully use Proof of Stake and not anymore using PoW.
 
Mining required you to invest in hardware and you also need to spend on mining Maintenence (energy cost for instance), however, staking allows you to earn passively without any maintenance. Therefore, I believe Ethereum conversion into PoS is better for normal investors.
 
Migrating from the proof-of-work to the proof-of stake algorithm is a very good move and one of the major reason for the merge.
 
Flower said:
Migrating from the proof-of-work to the proof-of stake algorithm is a very good move and one of the major reason for the merge.
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It is truly a good move and I don't think it involves any risk for the holders so they can carry on
 
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