Cryptocurrency Q&A
Are ETH and ETH2 the same?
Are ETH and ETH2 the same?
Enrico
Mon Nov 11 2024
|
7 answers
1660
I'm confused about the difference between ETH and ETH2. Are they the same thing, or are there distinct differences between the two? I want to understand if there's a distinction in terms of their functionality, use cases, or value.
7 answers
Lorenzo
Wed Nov 13 2024
Ethereum is currently utilizing a Proof of Work (PoW) consensus algorithm.
Was this helpful?
283
59
CherryBlossomFalling
Wed Nov 13 2024
This PoW consensus requires substantial computational power.
Was this helpful?
192
59
CryptoDynasty
Wed Nov 13 2024
Consequently, it consumes a considerable amount of energy.
Was this helpful?
279
30
RobertJohnson
Tue Nov 12 2024
In a bid to address these issues, Ethereum 2.0 is being developed.
Was this helpful?
152
53
JejuJoyfulHeartSoul
Tue Nov 12 2024
Ethereum 2.0 will shift to a Proof of Stake (PoS) consensus algorithm.
Was this helpful?
297
43
Load 5 more related questions
