Bye-Bye Miners? Ethereum’s Plan for Greener Crypto
https://www.bloomberg.com/news/articles/2021-08-14/bye-bye-miners-how-ethereum-s-big-change-will-work-quicktake
Cryptocurrencies wouldn’t work without blockchain, a new technology that performs the old-fashioned function of maintaining a ledger of time-ordered transactions. What’s different from pen and paper records is that the ledger is shared on computers all around the world. Blockchain has to take on another task not needed in a world of physical money -- making sure that no one is able to spend a cryptocurrency token more than once by manipulating the digital ledger. Blockchain…
Cryptocurrencies wouldn’t work without blockchain, a new technology that performs the old-fashioned function of maintaining a ledger of time-ordered transactions. What’s different from pen and paper records is that the ledger is shared on computers all around the world. Blockchain has to take on another task not needed in a world of physical money -- making sure that no one is able to spend a cryptocurrency token more than once by manipulating the digital ledger. Blockchain…
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