Cryptocurrency Q&A
Why did Ethereum switch from PoW to PoS?
Why did Ethereum switch from PoW to PoS?
Sara
Thu Dec 26 2024
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6 answers
1328
I'm curious about Ethereum's transition from Proof of Work to Proof of Stake. What were the reasons behind this significant change in their consensus mechanism?
6 answers
SsangyongSpiritedStrength
Sat Dec 28 2024
Miners on the Ethereum network had to expend considerable computational resources to find new blocks and nodes, which hindered the network's efficiency.
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Stefano
Sat Dec 28 2024
Before the transition to a proof-of-stake consensus mechanism, Ethereum's capacity was constrained to approximately 15 transactions per second (TPS).
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Federico
Sat Dec 28 2024
Scalability remains a significant challenge for blockchain networks.
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Lucia
Sat Dec 28 2024
This TPS limit was inadequate to handle the rapidly growing demand for decentralized applications (dApps) and DeFi services.
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Sara
Sat Dec 28 2024
Proof-of-Work (PoW) consensus mechanisms have inherently limited the throughput and speed of networks like Ethereum.
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