Earlier on Thursday, the Ethereum blockchain – which underpins the world’s second-largest cryptocurrency by market worth– modified its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS), eliminating the necessity for energy-intensive computing energy. Bitcoin, a PoW community, has been dealing with mounting criticism over its power use, which is on par with some small nations. These criticisms have been echoed partly in a report on bitcoin mining revealed by the White Home final week.
