0xMXan

[0xMXan @0xMXan]

Hi Eveyone,

Don't miss this test net rewards @dop_org .

💰 : 0$ 🕐 : 4-5 minute
🔗 https://t.co/lGWv6SLDHy

❤️ Like and 🔁 Repost #doporg #testnet

[0xMXan @0xMXan]

In PoS the validator does not receive a block reward, instead, they collect network fees as their reward.

[0xMXan @0xMXan]

Ethereum moved from PoW to PoS.

So what difference they have let get look deeply 🧵

[vitalik.eth @VitalikButerin]

And we finalized!

Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.

[0xMXan @0xMXan]

Why #EthereumMerge be changed to Pos?
PoW has need a huge amount of power consumption to progress transactions, so it creates more carbon footprint. But PoS validate blocks with the coins staking method. The algorithm decides who validates the next block by coins you hold.

[0xMXan @0xMXan]

PoS meaning is Proof of Stake and it is a mechanism used to authenticate mining transactions. Users can mine and validate their own transactions based on the number of coins they hold in the mining pool.

[0xMXan @0xMXan]

PoW meaning is Prof of Word and it is based on the speed at which miners – or rather, their devices – can solve complex equations. Network security is mainly ensured by this system.