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RE: Ethereum is Switching to Proof-Of-Stake
Most of the major chains will likely shift away from PoW over time. It is simply not tenable in the long run.
Most of the major chains will likely shift away from PoW over time. It is simply not tenable in the long run.
And by being open-source, Ethereum will show those other blockchains how they can transition without having to figure it all out from scratch.
Also, some of that hardware that was being used to farm worthless hashes can be turned to projects like Golem and actually do real work like Blender CGI rendering. Funny how Golem is an Ethereum-based token.