Ethereum will move from proof-of-work to proof-of-stake this summer , Vitalik Buterin has confirmed. The ETH 2.0 ‘Merge’ upgrade promises to cut transaction fees, increase coins ‘burned’ and improve congestion.
Read moreIs Bitcoin still proof of work?
Does Bitcoin Use Proof of Work? Yes . It uses a PoW algorithm based on the SHA-256 hashing function in order to validate and confirm transactions as well as to issue new bitcoins into circulation.
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