Ethereum classic proof of stake

ethereum classic proof of stake

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Ethereum VS Ethereum Classic: What's The Difference?
Ethereum Classic is a hard fork of the Ethereum blockchain that maintains a Proof of Work consensus mechanism and capped supply. Instead of converting electricity into hashrate and security, Proof of Stake has been described as "virtual mining", where stakers lock up. Most of the Ethereum community backed the proof-of-stake conversion. Proponents cited a few big advantages. First, the energy impact of the.
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Download as PDF Printable version. Archived from the original on 3 February Bitcoin BTC is so far in second-place, with about half those returns. In terms of their fundamental capabilities, Ethereum Classic and Ethereum continue to be comparable. The creators of ETC do not intend for the network to become a for-profit business because it is a volunteer organization.