Cryptocurrency Q&A
Is Ethereum PoW or PoS?
Is Ethereum PoW or PoS?
Moonshadow
Fri Nov 22 2024
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6 answers
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I am confused about Ethereum's consensus mechanism. I have heard of Proof of Work (PoW) and Proof of Stake (PoS), but I'm not sure which one Ethereum uses. Is Ethereum based on PoW or PoS?
6 answers
Stefano
Sat Nov 23 2024
This shift from PoW to PoS is part of Ethereum's broader move towards sustainability and efficiency.
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CryptoKnight
Sat Nov 23 2024
Ethereum's consensus mechanism is a topic of interest for many in the cryptocurrency community.
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Silvia
Sat Nov 23 2024
Full validator nodes on Ethereum's network are required to stake 32 ETH to participate in the consensus process.
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Stefano
Sat Nov 23 2024
However, those who do not possess 32 ETH can still contribute to the consensus by delegating their ETH to a validator or joining staking pools.
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SolitudeSeeker
Sat Nov 23 2024
To understand Ethereum's operation, it's essential to know whether it uses Proof-of-Stake (PoS) or Proof-of-Work (PoW).
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