Ethereum Plans to Cut Its Energy Consumption by 99 Percent
spectrum.ieee.org
Ethereum Plans to Cut Its Energy Consumption by 99 Percent
1–10 of 347 posts
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#2Proof-of-Stake is indeed a good thing, and a worthy focus of the article.
From the article we read "the long-term hope is that apps built from them will eventually make Ethereum the ultimate cloud-computing platform." Ethereum does not claim to be a computing platform in the same way that AWS is; it's for low-complexity business logic only. I think it's misleading to use "ultimate cloud-computing platform" to describe Ethereum.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#3Proof of stake isn't a tested and reliable mechanism to achieve distributed consensus. It'll be interesting to see what happens to a real cryptocurrency that tries switching to an entirely new form of consensus.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#4Proof of stake isn't a tested and reliable mechanism to achieve distributed consensus. It'll be interesting to see what happens to a real cryptocurrency that tries switching to an entirely new form of consensus.
It is, and exactly these kind of experiments are what crypto cryptocurrencies should be about.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#5I wonder how it compares to Cardano's Ouroboros proof-of-stake system.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#6Proof of stake isn't a tested and reliable mechanism to achieve distributed consensus. It'll be interesting to see what happens to a real cryptocurrency that tries switching to an entirely new form of consensus.
It is, and exactly these kind of experiments are what crypto cryptocurrencies should be about.
That's not true. Pure, non hybrid PoS has never been deployed on any crypto at scale. The fact that Ethereum is on their 3rd iteration and still can't figure out how to make it work years after promised delivery should be alarming at least.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#7If Ethereum produces no good whatsoever, using less energy is still too expensive.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#8Earlier quoted context omitted.
It is, and exactly these kind of experiments are what crypto cryptocurrencies should be about.
That's not true. Pure, non hybrid PoS has never been deployed on any crypto at scale. The fact that Ethereum is on their 3rd iteration and still can't figure out how to make it work years after promised delivery should be alarming at least.
This news is good for Bitcoin.
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#9We’re cobstantly dealing with environmental issues and global warming yet burn incredible amounts of energy and carbon compared to the value this gives us. It would probably be more environmentally friendly to not use crypto currencies then to stop using all the electricity you do each day...
Re: Ethereum Plans to Cut Its Energy Consumption by 99 Percent
#10Earlier quoted context omitted.
It is, and exactly these kind of experiments are what crypto cryptocurrencies should be about.
That's not true. Pure, non hybrid PoS has never been deployed on any crypto at scale. The fact that Ethereum is on their 3rd iteration and still can't figure out how to make it work years after promised delivery should be alarming at least.
Is Tezos not pure PoS?