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#86: Proof of stake: how to cut global energy usage by 0.2%
p>A few weeks ago Ethereum blockchain moved from proof-of-work to a
proof-of-stake algorithm. This step alone reduced global energy
consumption by 0.2%. It’s as much as an energy usage of Austria. At this
point, Ethereum, the second largest blockchain after Bitcoin, is using
barely as much electricity as a few hundred households. How is that
possible? How does the proof-of-stake algorithm work, avoiding
catastrophic energy waste?
Read more: https://nurkiewicz.com/86
Get the new episode straight to your mailbox: https://nurkiewicz.com/newsletter
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By Tomasz Nurkiewiczp>A few weeks ago Ethereum blockchain moved from proof-of-work to a
proof-of-stake algorithm. This step alone reduced global energy
consumption by 0.2%. It’s as much as an energy usage of Austria. At this
point, Ethereum, the second largest blockchain after Bitcoin, is using
barely as much electricity as a few hundred households. How is that
possible? How does the proof-of-stake algorithm work, avoiding
catastrophic energy waste?
Read more: https://nurkiewicz.com/86
Get the new episode straight to your mailbox: https://nurkiewicz.com/newsletter