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Ethereum is a good example because it's proof of stake vs. proof of work. Other proof of work blockchains (e.g. Litecoin and Dogecoin) are very similar to Bitc
by Obi_Juan_Kenobi 11y ago
Ethereum is a good example because it's proof of stake vs. proof of work. Other proof of work blockchains (e.g. Litecoin and Dogecoin) are very similar to Bitcoin.
Proof of stake makes a lot of sense for these organizations if they want to run their own blockchain.
- tromp 11y agoIt's definitely proof of work (ethash), although the plan is to transition to proof of stake in the future. Their most recent blog entry on this: https://blog.ethereum.org/2015/08/01/introducing-casper-friendly-ghost/ https://blog.ethereum.org/2015/08/01/introducing-casper-frie...