Write For Us

Ethereum: How the 2nd largest crypto in the world just got greener

Sponsored Post Vitamin D2 Canada Persia
44 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
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.

For more info, please go to https://globalnews.ca

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
Category
U.S. & Canada
Tags
global news, ethereum, bitcoin
Sign in or sign up to post comments.
Be the first to comment