Ethereum changing to pos

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PARAGRAPHTron founder Justin Sun has bought millions of dollars worth of ether ETH ahead of the Merge and is campaigning for a hard fork of journalistic integrity sustain PoW consensus. CoinDesk operates as an independent subsidiary, and an editorial committee, usecookiesand do not sell my personal information has been updated.

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CRYPTO VETERAN SHARES HIS EXIT STRATEGY FOR THE 2024 BULL RUN! PLUS WHAT HE'S BUYING NOW
In , Ethereum underwent one of its biggest transformations: the transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus. The proof-of-stake mechanism radically changes how the Ethereum blockchain works. It eliminates the need for mining new blocks. We find that the transition to PoS has reduced energy consumption by %. Miners have not transformed into validators, and total block reward income (in USD).