Cryptocurrency Q&A
What is the difference between ETH and Eth2?
What is the difference between ETH and Eth2?
Nicolo
Thu Nov 14 2024
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6 answers
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I'm trying to understand the distinction between ETH and Eth2. I know they are both related to Ethereum, but I'm confused about how they differ from each other in terms of their functionality and purpose within the Ethereum ecosystem.
6 answers
KatanaBlade
Fri Nov 15 2024
Ethereum 2.0 will shift to a Proof of Stake (PoS) consensus algorithm.
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ZenBalance
Fri Nov 15 2024
Ethereum is currently utilizing a Proof of Work (PoW) consensus algorithm.
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mia_harrison_painter
Fri Nov 15 2024
PoS is considered more energy-efficient than PoW.
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Dario
Fri Nov 15 2024
This PoW algorithm demands substantial computational power.
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CherryBlossomGrace
Fri Nov 15 2024
The use of computational power in PoW leads to high energy consumption.
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