Q & A

Ethereum uses which consensus?

MC Derek Oct 29, 2020 1 Answer

0 / 12000

Currently, Ethereum utilizes Proof of Work consensus. Proof of Work consensus involves miners validating transactions. In exchange for validating transactions, miners receive a block reward and transaction fees.

In the very near future, Ethereum will be moving to Proof of Stake consensus. Proof of stake involves users staking ETH in order to validate transactions. In exchange for staking their ETH, these users will receive ETH as a reward.