Sat Jan 11 2025
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6 answers
1196
What are the disadvantages of proof of work?
I want to understand the downsides of the proof of work mechanism. I'm curious about the potential drawbacks or negative impacts it might have, especially in terms of efficiency, sustainability, and security.
Valentina
Wed Jan 01 2025
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5 answers
1149
What is the difference between proof of stake and proof of work?
I'm trying to understand the difference between two concepts in blockchain technology: proof of stake and proof of work. I want to know how they differ from each other in terms of their mechanism and purpose.
EclipseSeeker
Wed Jan 01 2025
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7 answers
1206
Why does Ethereum want to change from Proof of Work?
Ethereum wants to change from Proof of Work due to several reasons. Primarily, Proof of Work consensus mechanism requires intensive computational power, which leads to high energy consumption. Additionally, as Ethereum grows, the scalability issues associated with Proof of Work become more apparent, affecting transaction speed and efficiency. By shifting to a different consensus mechanism, Ethereum aims to improve its scalability, efficiency, and environmental impact.
CryptoChieftain
Wed Jan 01 2025
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7 answers
1883
Is Ethereum Classic proof of work?
I'm curious about Ethereum Classic and its consensus mechanism. Specifically, I want to know if Ethereum Classic uses the proof of work model for its blockchain validation process.
DigitalEagle
Tue Dec 31 2024
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7 answers
1371
Is Ethereum still Proof of Work?
I've heard that Ethereum is moving from Proof of Work to Proof of Stake, but I'm not sure if the transition has been completed. So, I want to know if Ethereum is still using Proof of Work or has it fully migrated to Proof of Stake?
