race

Mon
26
Dec
John Lister's picture

New Blockchain Tech Slashes Power Use

Changes to a major rival of Bitcoin have reduced energy use by 99 percent. The drop in computer processing for Ethereum has been likened to the amount of electricity used by a "mid-size country." The change has come after the Ethereum blockchain ... switched from proof-of-work to proof-of-stake, a sentence that makes little sense to most normal people. To break it down, a blockchain is a digital list of transactions. The key is that it doesn't exist as a single copy but rather multiple copies across all the computers of all users. In theory at least, this means it can't be edited or falsified ... (view more)

Subscribe to RSS - race