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Sunday, May 29, 2022

Bye-Bye, Miners! How Ethereum’s Big Change Will Work

Bye-Bye, Miners! How Ethereum’s Big Change Will Work

Ethereum is making big changes. Perhaps the most important is the jettisoning of the “miners” who track and validate transactions on the the world’s most-used blockchain network. Miners are the heart of a system known as proof of work. It was pioneered by Bitcoin and adopted by Ethereum, and has come under increasing criticism for its environmental impact: Bitcoin miners now use as much electricity as some small nations.
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