Walter Grand

Walter Grand

Vitalik Buterin Labels Proof-of-Work a "Temporary Stage" for Ethereum, Emphasizes Shift to Proof-of-Stake Due to High Centralization Concerns

In a significant discussion about the future of blockchain technologies, Ethereum co-founder Vitalik Buterin has shed light on the imperative shift from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). Highlighting the evolution of Ethereum, Buterin described PoW as merely a "temporary stage" in the broader development framework of the
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