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Vitalik argues that proof-of-stake is a 'solution' to Ethereum’s environmental woes

CryptocurrencyMay 29, 2021 06:40PM ET
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Vitalik argues that proof-of-stake is a 'solution' to Ethereum’s environmental woes

At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has been incensing critics as of late.

In an interview at the StartmeupHK virtual conference hosted from Hong Kong, Buterin said that while proof of stake is “still in its infancy and less battle-tested” than Ethereum’s current proof-of-work model, it can ultimately reduce the chain’s energy consumption by upwards of 10,000x.

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Vitalik argues that proof-of-stake is a 'solution' to Ethereum’s environmental woes
 

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Ryan Banks
Ryan Banks May 29, 2021 6:48PM ET
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critics never compare btc/eth mining energy usage to that used by the google datacentres and other tech giants datacentres, banking servers and buildings, etc etc, mining energy usage powers the most secure payment and currency system in the world, its power consumption can be a genuine concern but atm its just being exploited as a weapon to attack crypto.
 
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