Ethereum vs Bitcoin: Understand the role of evidence of work
The work test (Pow) is a consensitive algorithm that uses many cryptocurrencies, including Ethereum and Bitcoin. Although both protocols are aimed at ensuring their blockchains procedure called mining, they have different differences in terms of complexity, energy consumption and scalability.
Bitcoin work test
Bitcoin Pow was introduced in 2009 as a way to confirm blockchain transactions and record them as part of Bitcoin Ledger (Blockchain). The process involves solving complex mathematical puzzles that require significant computer power. This power is used to verify that a group of users has correctly solved the puzzle, which in turn helps ensure the network.
The energy consumption associated with the war was the issue of controversy among environmentalists and those who are concerned about the sustainability of energy consumption for cryptocurrency mining. According to estimates, Bitcoin’s shake consumes around 2.5-3.5 TWH electricity per year, which is equivalent to energy consumption in approximately 600,000 houses of average size.
Ethereum sharing test (POS)
The main alternative to war for war is proof of the consensus algorithm of the consequence (POS). Unlike Bitcoin’s prisoner, which requires miners to solve complex mathematical puzzles, Ethereum uses a different approach called “validation based on proportions.” In this system, users who have a significant amount of Token Ethereum (ETH) placed as a guarantee are considered validators and participate in the validation process.
When a new block is created in the Ethereum block chain, the validators are randomly selected from their eth placed. A validator that has most of the block at the time of the creation of the block is considered the best candidate to suggest a new block and confirmed its transactions. This approach has several advantages over Pow:
* Energy consumption : Since validators do not need to solve complex mathematical puzzles, they require significantly less computer and energy forces.
* Efficient validation validation procedure: validators can participate in the validation procedure with significantly lower costs, reducing the total energy consumption associated with the Ethereum network.
* Improved security : POS provides more powerful security because for a validator it is more difficult to control the entire network.
Conclusion
In conclusion, although both Bitcoin and Ethereum use consensus algorithms to guarantee their blockchains, they have different differences in terms of complexity, energy consumption and scalability. Bitcoin’s test has existed for more than a decade, but its environmental impact is increasingly questioned. On the other hand, Ethereum evidence of the role offers a more effective, scalable and ecological algorithm of a consensus that can help reduce stress in the supply of global energy.
As the cryptocurrency panorama continues to develop, it will be interesting to see how the different consensus algorithms adopt several blockchains in the future.
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