![]() Proof-of-stake comes with a number of improvements to the now-deprecated proof-of-work system: The validator is then responsible for checking that new blocks propagated over the network are valid and occasionally creating and propagating new blocks themselves. This staked ETH then acts as collateral that can be destroyed if the validator behaves dishonestly or lazily. Ethereum uses proof-of-stake, where validators explicitly stake capital in the form of ETH into a smart contract on Ethereum. In proof-of-work, miners prove they have capital at risk by expending energy. Proof-of-stake underlies certain consensus mechanisms used by blockchains to achieve distributed consensus. To better understand this page, we recommend you first read up on consensus mechanisms. Ethereum switched on its proof-of-stake mechanism in 2022 because it is more secure, less energy-intensive, and better for implementing new scaling solutions compared to the previous proof-of-work architecture. Proof-of-stake (PoS) underlies Ethereum's consensus mechanism. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |