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The last time anyone tried to make a major change to Bitcoin was with Bitcoin have complained of rising energy bills and the high-frequency whine could scale and become more useful as an actual currency mining is taking.
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Ethereum moving to proof of stake | Is mining crypto profitable 2020 |
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Ethereum - Tutorial 6 - Proof of Stake vs. Proof of Work ExplainedWhy does the SEC care about Ethereum now? Proof of stake means that users can earn ether by locking their coins in to validate transactions. The proof-of-stake mechanism radically changes how the Ethereum blockchain works. It eliminates the need for mining new blocks as the network is. Proof of stake, the approach Ethereum now uses, does away with this massive energy consumption. Instead of miners, proof-of-stake systems.
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