Vitalik Buterin says Ethereum's PoW was 'temporary stage' until PoS

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Vitalik Buterin News

Coin Coin Latest News,Coin Coin Headlines

Vitalik Buterin responded to user comments Friday about wishing Ethereum had stayed with a PoW consensus system.

Ethereum co-founder Vitalik Buterin responded to comments about Ethereum's transition to a proof-of-stake from a proof-of-work consensus system.

"PoW was also quite centralized," Buterin responded. "It was just not talked about as much, because everyone knew it was only a temporary stage until PoS. And that doesn't even get into how we probably mostly avoided ASICs only because the upcoming PoS switch meant no incentive to build them."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vitalik Buterin Announces Massive Ethereum ChangeVitalik Buterin believes Ethereum security rollups is one of main priorities of Ethereum's future
Source: Utoday_en - 🏆 295. / 63 Read more »

Vitalik Buterin Delivers Sobering Verdict on Proof-of-Work EthereumVitalik Buterin's stance on Ethereum's transition to proof-of-stake concludes debate, but leaves crucial question unanswered: Was it right decision?
Source: Utoday_en - 🏆 295. / 63 Read more »

Vitalik Buterin Reveals Technology That Will Help Ethereum's Main NetworkVitalik Buterin believes that implementation of Verkle trees will drastically improve network's performance
Source: Utoday_en - 🏆 295. / 63 Read more »

Vitalik Buterin Shares Take on Verkle Trees Coming to EthereumVerkle trees on Ethereum: Mihailo Bjelic and Vitalik Buterin debate suitability
Source: Utoday_en - 🏆 295. / 63 Read more »

Vitalik Buterin presents Ethereum ecosystem at 2024 Hong Kong web3 carnivalEthereum co-founder Vitalik Buterin addressed crypto traders and web3 market participants at the Hong Kong web3 carnival on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Vitalik Buterin Reveals How to Make Ethereum More DecentralizedVitalik Buterin believes this new research represents how Ethereum can become more decentralized
Source: Utoday_en - 🏆 295. / 63 Read more »