Cryptocurrency Q&A Why does Ethereum want to change from Proof of Work?

Why does Ethereum want to change from Proof of Work?

EclipseSeeker EclipseSeeker Wed Jan 01 2025 | 7 answers 1206
Ethereum wants to change from Proof of Work due to several reasons. Primarily, Proof of Work consensus mechanism requires intensive computational power, which leads to high energy consumption. Additionally, as Ethereum grows, the scalability issues associated with Proof of Work become more apparent, affecting transaction speed and efficiency. By shifting to a different consensus mechanism, Ethereum aims to improve its scalability, efficiency, and environmental impact. Why does Ethereum want to change from Proof of Work?

0 answers

| Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts