Ethereum May Be Switching From Proof-Of-Work to Proof-Of-Stake in August
Ethereum, like Bitcoin, uses Proof-of-Work (PoW) on its system. Ethereum, which made known its intention to shift from a PoW to PoS (Proof-of-Stake) network for more than a year, is now going about finalizing this process. Shifting to PoS will likely help solidify Ethereum’s stance as a leader in the crypto space.