#86: Proof of stake: how to cut global energy usage by 0.2%

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Around IT in 256 seconds

Tomasz Nurkiewicz

98 episodes

3 days ago

Podcast for developers, testers, SREs... and their managers. I explain complex and convoluted technologies in a clear way, avoiding buzzwords and hype. Never longer than 4 minutes and 16 seconds. Because software development does not require hours of lectures, dev advocates' slide decks and hand waving. For those of you, who want to combat FOMO, while brushing your teeth. 256 seconds is plenty of time. If I can't explain something within this time frame, it's either too complex, or I don't understand it myself. By Tomasz Nurkiewicz. Java Champion, CTO, trainer, O'Reilly author, blogger

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#86: Proof of stake: how to cut global energy usage by 0.2%

Around IT in 256 seconds

4 minutes 15 seconds

3 years ago

#86: Proof of stake: how to cut global energy usage by 0.2%

p>A few weeks ago Ethereum blockchain moved from proof-of-work to a proof-of-stake algorithm. This step alone reduced global energy consumption by 0.2%. It’s as much as an energy usage of Austria. At this point, Ethereum, the second largest blockchain after Bitcoin, is using barely as much electricity as a few hundred households. How is that possible? How does the proof-of-stake algorithm work, avoiding catastrophic energy waste?

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