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The End of Mining on Ethereum: What is then happening
After 21 Million Bitcoin Blocks are extracted, the algorithm of proof of traditional work proof that feeds Ethereum blockchain is no longer necessary. In fact, it is a crucial aspecture of the platform which was the Cornerstone of its decentralized and secure network.
The calculation of the nonce (a single number used to value transactions) would indeed become more and more with a high power intensity. Indeed, the level of difficulty on the Ethereum blockchain decreases over time as more and more minors join the network and increased their calculation resources.
However, what’s going on is where things become interesting. The transition from Mining to Validation Blocks requires a significant change in the way Ethereum checks transactions. .
The transition to validation: What is the next one?
When 21 Million blocks are extracted and no new block can be added to the blockchain by a majorority consensus.
In The winner can tools a block and include it in the main channel. This process is known as the validation “Proof of Putting into Play”.
Proof of Bet: A More Effective Validation Mechanism
. Pow Requires Powerful Computers to Resolve Complex Mathematical Puzzles, Using High Energy Intensity Calculation Resources. This makes it an expensive and high intensity process of resources.
On the other hand, the puzzle mechanism uses a different approach. The more the chances of being selected as validator are greater.
This New Validation Mechanism Offers Several Advantages:
* Energy Efficiency : with puzzle, energy consumption is considered reduced compared to traditional mining.
* Cost savings
: validators only need to maintain a small amount of eth, rather than using massive calculation resources.
* Increased safety :
The Advantages of Proof of Implementation
Theoretical advantages for puzzle:
* Treatment of more efficient transactions
: with Fewer required calculation resources, transactions can be processed more quickly.
* The reduced latency : The validation process is more effective due to the reduced need for complex mathematical puzzles.
Conclusion
The transition from mining to validation over Ethereum marks and significant change in the architecture of the platform. , Including Energy Efficiency and Cost Savings. The puzzle offers a more effective way to validate transactions, reducing required calculation resources while increasing safety and processing speed.
The number of the poster takes over the poster take over its disadvantages in terms of scalability and transaction capacity.