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#86: Proof of stake: how to cut global energy usage by 0.2%
Manage episode 341616715 series 2680464
Content provided by Tomasz Nurkiewicz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tomasz Nurkiewicz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
p>A few weeks ago Ethereum blockchain moved from proof-of-work to a proof-of-stake algorithm. This step alone reduced global energy consumption by 0.2%. It’s as much as an energy usage of Austria. At this point, Ethereum, the second largest blockchain after Bitcoin, is using barely as much electricity as a few hundred households. How is that possible? How does the proof-of-stake algorithm work, avoiding catastrophic energy waste?
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Read more: https://nurkiewicz.com/86
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98 episodes
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Manage episode 341616715 series 2680464
Content provided by Tomasz Nurkiewicz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tomasz Nurkiewicz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
p>A few weeks ago Ethereum blockchain moved from proof-of-work to a proof-of-stake algorithm. This step alone reduced global energy consumption by 0.2%. It’s as much as an energy usage of Austria. At this point, Ethereum, the second largest blockchain after Bitcoin, is using barely as much electricity as a few hundred households. How is that possible? How does the proof-of-stake algorithm work, avoiding catastrophic energy waste?
…
continue reading
Read more: https://nurkiewicz.com/86
Get the new episode straight to your mailbox: https://nurkiewicz.com/newsletter
98 episodes
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Similar to Around IT in 256 seconds
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continue reading
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