Ethereum, the number two cryptocurrency in the world, was pioneered by Canadians. It underwent a significant change on September 14, which dramatically cuts down its environmental footprint.
The Ethereum blockchain has moved from a system based on “proof of work” to “proof of stake.”
Instead of relying on lots of computing power and electricity use to validate transactions, people effectively lend the network their ether tokens in a smart contract–which is a bit of computer code that runs on that blockchain.
Anne Gaviola has more on this important milestone in the digital currencies world.
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18 Comments
Good, I love the idea of crypto but the energy intensity of them made them very unappealing given climate change
$CAM funded by CONada
Cash is king
Solana ftw.
What is the best way to make money from crypto investment?
How much energy do banks use. How about gold and silver mining?
The US military burns billions of gallons of fuel to protect its currency making the US dollar based on Proof of War. How many Canadians owns US dollars?
They are very volatile assets… Attention!
Now is definitely the time to buy Ethereum while the price is at rock bottom. Because of its low carbon footprint it could even surpass Bitcoin as the top crypto currency.
Global News should really be honest with its audience about crypto-currencies. Global News has been dishonest and promoted Bitcoin as an investment. Global News did not care one bit that Bitcoin mining involved huge amounts of electrical consumption for meaningless work, until now when Ethereum abandons that stupidity. Now, Global News thinks it's about "climate change"? Do you know what you are talking about?
Thanks China for continued
– building more and more coal-fired power plants, and
– burning more and more fossil fuel.
Trudeaumustgo
Global doesn't know crypto is technically a financial attack / scam
LOL
Crypto – how to become homeless in one click.
Quadriga……
People using less paper money but still worry if queen going to be on the bills and coins.
Global News are run by PEDOPHILES.
People playing video games use more energy that crypto miners. ETH will regret going Proof-of-Stake.
I remember when I just got into crypto back in 2017 but later in 2018 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2021 and looks like we have the same mentality, I admit that seeing a -50% hurts but it's not a realized loss until you sell. Now I buy and just trade and I'm super picky who I listen too for crypto analysis..with Shirley Bagshaw Signal in few weeks, I have made over 22BTC with Shirley Bagshaw Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish.