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.
Please follow our Community Guidelines
Related Articles
Related Posts
Blog
Thasni Maya
Top Ethereum Alternatives in 2022
Blog
Anderson Ezie
How Ethereum is Changing the Crypto Narrative
Blog
Josiah Makori
Key Insights to Maximizing Staking With Lido
Blog
Filip Dimkovski
Proof of Work vs. Proof of Stake: Which Is Better?
Answers
Anderson Ezie
Is Ethereum Centralized?
Blog
Anderson Ezie
The Best Way to Short Ethereum
Can't find what you're looking for?