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ETH is switching to proof-of-stake. Although the acronym is humorously "POS," it will solve the environmental concerns.
by whatshisface 5y ago
ETH is switching to proof-of-stake. Although the acronym is humorously "POS," it will solve the environmental concerns.
- ashtonkem 5y agoIt’ll be great if they do that, but I’m not gonna hold my breath. Meanwhile Etherium seems extremely bubbly to me too. At first smart contracts was the only thing that made any sense to me (bitcoin struck me as goldbug nonsense early on), but over the years it seems like it’s mostly used for gambling and making tokens. Nothing that couldn’t be done more efficiently and conveniently off the chain, especially since the oracle problem always looms large over any given hypothetical use case. At least if they go to POS it’ll be less wasteful.