Ethereum POW mechanism shifts to POS proof of equity

Cloud Rush

Ethereum POW mechanism is transformed to POS proof of rights and interests

With the energy-intensive PoW mining mechanisms of BTC and ETH were being banned, seeking a new consensus mechanism has become the goal of the common development of blockchain projects.

The multiple upgrades of the Ethereum network are for the transformation to the proof-of-stake mechanism of POS. Several changes to the network infrastructure solve the scalability and security of the Ethereum network so that it can process more transactions more efficiently.

At present, the upgrade of the Phase 0 beacon chain of Ethereum 2.0 was completed in December last year. The first phase completed the upgrade of EIP-1559 in August of this year. It is expected that the beacon chain will be upgraded with the Ethereum main-net in the first or second quarter of 2022.

If Ethereum 2.0 is launched next year, the transition from Ethereum to proof-of-stake may stimulate the market’s adoption of alternative consensus mechanisms, which will be a major upgrade and innovation in the mining market.

Cloud Rush deploys ETH, BTC, and Filecoin mining in California, USA, by using the local renewable energy to deploy mining, which is safe and compliant. It has established in-depth cooperation with Cyxtera, the second-largest data center in the United States, to provide users with 24/7 uninterrupted operation and maintenance services to make mining worry-free.

--

--

--

Cloud Rush can provide the most professional blockchain(Filecoin) one-stop mining service solution

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Top 30+ ICO Marketing Agencies | PR Firms

FTX Will Deploy Up To $1 Billion To Charity

Rally Unveils New Campaign Functionality And Discord Tipping

Dopple Ecosystem: Monthly Update Article- 1 Mar 2022

$SMG Staking Overview

The CryptoCurve | Upcoming blockbuster Project..

Bitcoin#6: Target and Difficulty

CAS SWAP Voting- Starts 6th June 12:00 PM GMT

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Cloud Rush

Cloud Rush

Cloud Rush can provide the most professional blockchain(Filecoin) one-stop mining service solution

More from Medium

Trickle, An Open-source Smart Contract, to List on BitMart Exchange

Top 5 Disruptive Technologies Since the Birth of the Digital Age

How to Hedge Risks with the dYdX Token