patriksvensson
Joined 11 years ago
Joined 11 years ago
Uses validators instead of mining, the power footprint of the ENTIRE network was reduced by 99.995%.
Crypto isn't power inefficient, BITCOIN MINING is power inefficient.
Can't wait for the typewriter (Bitcoin) to be replaced by the computer (Ethereum).
Ethereum shares the same philosophy of ensuring that clients are capable of being used on lower end hardware to ensure diversity of nodes.
Ethereum nodes can and are being run on Raspberry PI's + SSD drives.
You can even validate the Ethereum network on a Raspberry PI.
In Ethereum you "validate" instead of "mine" like in bitcoin, this is what keeps the network secure and validating is much more power efficient (99.995% less power use than Bitcoin for). See Proof of Stake vs Proof of Work.
My question to you is: Look at BTC. What kind of specialized, expensive, environmentally unfriendly, ASICS do you need to secure the chain?
Important to note that Ethereum embraces the idea that L2's will provide a lot of the scale and L1 will remain the base, main layer of security. So the goal isn't for L1 to scale massively, but to be able to support a healthy ecosystem of secure L2's which scale in different ways!
Gambled it away. Not crypto's fault.