Tag Archives: proof of work

Ethereum’s big switch to proof of stake, explained

Ethereum’s big switch to proof of stake, explained

In Bitcoin’s proof of work, that investment is hardware. Roughly every 10 minutes, Bitcoin miners compete to solve a puzzle. The winner appends the next block to the chain and claims new bitcoins in the form of the block reward. But finding the solution is like trying to win a lottery. You have to guess […]