<\/div>\n
<\/p>\n
Poof-of-Stake Promotes Network Stability, Reduces Risk of Centralization<\/h2>\n Proof-of-Stake networks do not rely on mining in order to confirm transactions and add them to the blockchain. Instead, PoS nodes perform \u2018forging\u2019 duties; they create new blocks as needed as transactions are processed.<\/p>\n
Instead of distributing mining duties to the nodes with the most computing power, PoS distributes its own verification duties according to how much of the network\u2019s cryptocurrency a node holds, as well as how long that node has held onto that\u00a0cryptocurrency. Therefore, expensive mining equipment is not necessary to be a forger on a PoS network. There are no block rewards \u2013 forgers collect transaction fees directly.<\/p>\n
Because PoS incentivizes users to hold onto their coins, PoS promotes the stability of a blockchain network and the value of its corresponding cryptocurrency. In a PoW network, nodes do not actually need to own any of the cryptocurrency they are mining in order to perform their duties. PoS networks require that forgers hold some amount of the crypto they are earning.<\/p>\n
PoS networks also have a much lower carbon footprint than PoW networks. Wired reported in early December of 2017 that a single Bitcoin transaction \u201crequires the same amount of energy used to power nine homes in the US for one day.\u201d The Ethereum community and its conscientious leader, Vitalik Buterin, have seen the greener nature of PoS as additional incentive to make the switch.<\/p>\n
There are lots of big plans for the\u00a0Ethereum\u00a0network in 2018 \u2013 Casper is just one part of the larger-scale Constantinople software update, which is expected this year.<\/p>\n
The Ethereum Foundation is somewhat unique in that it seems dedicated to actually making the world into a better place. When the cryptocurrency market cap as a whole surpassed half a trillion dollars,\u00a0Vitalik Buterin\u00a0waxed poetic on twitter: \u201cHow much censorship-resistant commerce for the common people have we enabled?\u201d he asked. \u201cHow many unbanked people have we banked?\u201d<\/p>\n
If Casper and the other proposed improvements to the Ethereum network go as planned, the Ethereum network could continue to improve the lives of people all over the world \u2013 investors included<\/p>\n
Source:\u00a0financemagnates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Casper will change Ethereum from a Proof-of-Work to a Proof-of-Stake network. As Bitcoin calms down after its latest roller-coaster ride,\u00a0Ethereum\u00a0has soared to unprecedented heights. The coin briefly peaked at just over $900 on January 2nd, and appears to be heading back up and beyond following a brief dip at the time of press. 2017 was …<\/p>\n","protected":false},"author":1,"featured_media":1771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[16],"tags":[],"aioseo_notices":[],"yoast_head":"\n
Lightning Network For Ethereum? ETH Surges as \u2018Casper\u2019 Approaches - AtoZcrypto<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n