Cryptocurrency Q&A
What is the difference between Ethereum 1 and 2?
What is the difference between Ethereum 1 and 2?
SamsungShine
Mon Nov 11 2024
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7 answers
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I want to understand the distinction between Ethereum 1 and Ethereum 2. I'm curious about the changes, improvements, or new features introduced in Ethereum 2 compared to its predecessor.
7 answers
CryptoMaven
Wed Nov 13 2024
Ethereum 1.0 relies on Proof of Work (PoW) for its consensus mechanism.
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EtherealVoyager
Wed Nov 13 2024
PoW demands substantial computational resources to validate transactions.
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Riccardo
Wed Nov 13 2024
This process results in high energy consumption during mining activities.
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henry_miller_astronomer
Wed Nov 13 2024
Energy Efficiency is a crucial aspect in the realm of cryptocurrency.
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CryptoElite
Wed Nov 13 2024
Recognizing the inefficiencies of PoW, Ethereum 2.0 introduces a revolutionary change.
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