Ethereum’s transition away from proof-of-work is essential to the ecosystem’s ability to remain true to its principles of being open and permissionless, myetherwallet CEO RatherBeThePope says.
According to developers, the proof-of-stake mechanism is more efficient and cheaper than proof-of-work.
As the Merge approaches, Norton said institutional adoption will likely increase, especially if users begin to better understand what the change will mean for the blockchain. Norton said the Merge will “provide users a sharp contrast” between PoW and PoS, and could even affect bitcoin .
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