Now that the ETH merge is over, what was it all about anyway?
3.How can PPoC benefit everyday users?Proof-of-Work and Proof-of-Stake are arguably the best-known consensus mechanisms — but new ones are continually emerging.
This has led Proof-of-Stake to be regarded as a more eco-friendly approach. Miners are replaced by validators — nodes that have a financial stake in the smooth running of the network. While proponents claim this can use 99% less energy than PoW, some fear PoS can lead to greater levels of centralization and censorship.
Conventionally, blocks in PoW can take up to 10 minutes to be finalized — but this can vary depending on mining difficulty. According to Ethereum, PoS offers a greater degree of certainty and a set tempo, with a validator being randomly chosen to create a new block every 12 seconds. Proof-of-Stake throws up a different set of challenges. Ethereum's new network requires validator nodes to stake 32 ETH — and given how this is worth tens of thousands of dollars, this is an investment that'll be out of reach of many typical consumers. These funds can also be slashed if technical issues inadvertently mean you act against the network's best interests.
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