Proof of Stake (POS) ETH Developers Cut Energy Usage by More than 99%

Proof of Stake (POS) ETH Developers Cut Energy Usage by More than 99%, updated 9/12/22, 7:11 AM

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Ethereum developers are scrapping that model and moving to a greener system for processing transactions, called proof of stake. Instead of mining, Ether owners use tokens as collateral to validate transactions, “staking” them to the network in exchange for a yield paid in Ether tokens.

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