I'm trying to understand the distinction between ETH and Eth2. I know they are both related to Ethereum, but I'm confused about how they differ from each other in terms of their functionality and purpose within the
Ethereum ecosystem.
6 answers
KatanaBlade
Fri Nov 15 2024
Ethereum 2.0 will shift to a Proof of Stake (PoS) consensus algorithm.
ZenBalance
Fri Nov 15 2024
Ethereum is currently utilizing a Proof of Work (PoW) consensus algorithm.
mia_harrison_painter
Fri Nov 15 2024
PoS is considered more energy-efficient than PoW.
Dario
Fri Nov 15 2024
This PoW algorithm demands substantial computational power.
CherryBlossomGrace
Fri Nov 15 2024
The use of computational power in PoW leads to high energy consumption.