Is Ethereum on proof-of-stake?

Currently, Ethereum has both a proof-of-work and proof-of-stake chain running in parallel . While both chains have validators, only the proof-of-work chain currently processes users’ transactions.2 gün önce

Ethereum is moving to a consensus mechanism called proof-of-stake (PoS) from proof-of-work (PoW).

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.

Ethereum is a blockchain-based platform that is best known for its cryptocurrency, ETH. The blockchain technology that powers Ethereum enables secure digital ledgers to be publicly created and maintained. Bitcoin and Ethereum have many similarities but different long-term visions and limitations.