Cameron Barnes
Wednesday, March 23, 2022
Yes, Ethereum is still using the Proof-of-Work (PoW) mechanism. However, Ethereum’s shift to Proof-of-Stake (PoS) is a few months from launch as the mechanism is already being tested on the Beacon chain. Apart from using less computing power than PoW, PoS will make Ethereum faster and more secure. This will, in turn, minimize the high gas fees that have plagued the network since its invention and the ETH supply.
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